"Estonia Country Risk Report Q2 2015" is now available at Fast Market Research

Core Views

* Although Estonia's current account flipped into surplus in Q214, the positive balance will not be experienced for long with EU economic sanctions on Russia suppressing exports and the accelerating economic recovery boosting import levels. The deficit will remain manageable in 2015 and 2016, with the services account set to remain a significant positive contributor.
* The Estonian Reform Party is on course to retain first place in the March 2015 general election, boosted by its competent economic management and the hard line taken with Russia during the Ukraine crisis. The identity of the junior coalition partner is more uncertain with three parties competing for second spot, and a fractious election campaign could result in more aggressive political discourse following the vote.
* The economy has turned the corner and will post relatively strong real GDP growth over the next two years. Rising domestic demand will more than offset lower export growth, as relations with Russia remain strained.
* Estonia's economic recovery help the country's budget deficit remains within EU Maastricht criteria limits. Rising revenue will cancel out the impact of a pre-election tax cut and an escalation in defence spending, amidst potential Russian aggression on Estonia's eastern border.

Full Report Details at
- http://www.fastmr.com/prod/951888_estonia_country_risk_report_q2_2015.aspx?afid=302

Key Risks To Outlook

* In the event opinion polls show a sustained decline in support for the Reform Party, taking them well below the SDE and the Centre Party, we would be inclined to shift our view away from the RE retaining top spot in the coalition. In the event of the RE as the second-largest party we would expect them to be made the junior coalition partner, in order to facilitate an easier transition and to sure up investor confidence in the country. If the RE significantly underperforms we would expect to see a centre-left coalition come to power, led by either the SDE or the Centre Party. This would likely see a softer line taken with Russia, and the potential for...

The Estonia Country Risk Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in Estonia. It is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market.

An influential new analysis of Estonia's economic, political and financial prospects through end-2019, just published by award-winning forecasters, Business Monitor International (BMI).

Key Uses

* Forecast the pace and stability of Estonia's economic and industry growth through end-2019.
* Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.
* Assess the critical shortcomings of the operating environment that pose hidden barriers and costs to corporate profitability.

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