How beautiful is the country of Gibraltar! This is a welcoming piece of nature full of mountains, beaches, fresh air surrounded by relaxing smiles and Estonian exports. Small, but very loyal UK-owned colony is the 8th largest buyer of Estonian products: “mineral fuels, mineral oils and products of their distillation; bituminous substances”.
When was the last time when Estonia cared about Gibraltar so much, but today, when year-on-year GDP growth reached 0.4% in Q1, led mostly by exports, inflation flooded at 11.4%, current account stayed at risky height and relationship with its largest neighbour fell to depth. Proud but debatable behaviour of the Baltics states with Russia, selfish and overconfident, is an appealing topic to examine, especially under speculations about the worst financial crisis Tallinn, Riga and Vilnius can face after gaining our independence.
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