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The Chinese New Year carnival cost the city 43,700 euros

01.02.2012, 15:23

The Tallinn City Government said it had allocated 43,700 euros to cover the cost of the festivities related to the Chinese New Year that were held last Monday in the Kadriorg Park in Tallinn.

In comparison, a year ago the City allocated about 78,000 euros for the festivities.

The show included the opening of a large dragon-shaped ice sculpture and a concert by Chinese performers.

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Will the police investigate just how much of this money was actually spent, and how much ended up in the pockets of Center Party criminals

~Arthur [04.02.2012, 16:43]

Main news

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Investment banker Joakim Helenius belives that Estonia should make English an official language.COMMENTS (109)

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Eurozone turbulence last year lowered expectations in the mergers and acquisitions (M&A) market and prompted forecasters to look more prudently into the future. Still, following the meagre recession years, 2011 was marked by growth in the number of M&A deals in the Baltics.COMMENTS (1)

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Major regional banker Swedbank has cut its estimate for Estonia's 2012 GDP growth to 2.7 percent, down from the 3.3 percent it predicted last month.COMMENTS (1)

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Maivi Ots, managing partner of Law Office Eversheds Ots & Co, and Lauri Liivat, associate, write that the legislation in force in Estonia is discriminating US companies by prohibiting them to directly acquire shares of Estonian registered public limited companies.COMMENTS (7)

Tallinn bourse in hibernation

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Icelandic businessmen help IKEA expand to Estonia

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MP: state should not support exporting to Russia

Kalev Lillo, MP for Reform Party caused an uproar among businessmen last week when he said that the Estonian state should not support exporters who trade with Russia, writes Äripäev.COMMENTS (10)

Rain Lõhmus named Businessman of the Year

Äripäev has named Rain Lõhmus, the owner of LHV Bank, businessman of the year 2011.COMMENTS (4)

Sonny Aswani: Estonia to win from the crisis

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Neivelt: current model is breaking up

One of Estonia’s most respected businessmen, Indrek Neivelt said in his speech held in the Estonian parliament yesterday that the current crisis is endemic since the decision-makers have underestimated its gravity and made an effort to keep the system running at any cost.COMMENTS (5)

Latvians rush to withdraw cash from Swedbank

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SEB lowers its Baltic growth forecast from 3.7% to 2.5%

Second largest bank in Estonia, SEB, said yesterday that it has lowered annual economic growth forecast of Baltic economies for 2012 from 3.7% to 2.5%.COMMENTS (13)

Swen Uusjärv::Photo: : ÄP

Ex-finance minister teams up with failed developer

Ex-finance minister Mart Opmann shares an investment firm with an Estonian real estate businessman Swen Uusjärv in the company SwizzBankers that is looking for investors capable of investing between 30,000 and 250,000 euros for one to three years at an annual return of between 12 and 25%.COMMENTS (8)

Ain Kaljurand (left), Neinar Seli::Photo: : ÄP

Reform Party shows its muscle in battle with IRL

Both Port of Tallinn current management board members Ain Kaljurand and Allan Kiil managed to keep their jobs for the next period despite of rumors that junior coalition partner IRL was attempting to replace Kiil with one of its own, writes Äripäev.COMMENTS (2)

World Bank's Ardo Hansson elected next governor of Eesti Pank

Supervisory board of Estonian central bank Eesti Pank elected Ardo Hansson, a Harvard-educated economist at the World Bank, as a successor to current governor Andres Lipstok who is due to step down next summer.COMMENTS (6)

Tallinn plant of Elcoteq may be sold

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