Controversy has erupted over the sale of Estonia's main energy plants to Americans—with opponents of the deal on July 25 attempting to turn up the heat on the government and the U.S investors.
Published:
3 August 2000 y., Thursday
The government last month agreed to sell a 49 percent stake in the two power stations to the Minnesota-based NRG Energy for 55 million dollars and 361 million more in investment to revamp the Soviet-built utilities.
The state-owned Estonian Energy would retain a 51 percent share of the installations, which burn oil shale to produce some 95 percent of Estonia's electricity. Negotiators for the government and NRG say they hope they'll be able to sign a final agreement next month; it would also need to be approved by parliament.
But the NRG deal has angered opposition parties and also many local business leaders who say the desire to cozy up to the United States for national security reasons has led the government to accept unfavorable economic terms. In one of the largest rallies in Estonia in recent years, some 1500 people denounced the deal outside parliament Tuesday, saying it forfeit Estonian sovereignty.
Opposition deputies on July 25 also returned from their summer recess to try to force through a special session of the 101-seat Riigikogu parliament to debate the sale, but they fell four seats short of the 51 necessary for a quorum.
Šaltinis:
Weekly Crier
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Parex Bankas won the tender organised by UAB Investicijų ir Verslo Garantijos regarding the financing of very small, small and medium-sized enterprises, and is to lend LTL 100 million together with other three selected banks.
more »
The European Commission has approved, under EC Treaty state aid rules, the €5 billion risk shield for German bank WestLB and accompanying measures, following an in-depth investigation opened in October 2008.
more »
MEPs have backed new rules to rebuild trust in Europe's battered banks through better financial supervision and risk management.
more »
Taking into consideration the tendencies in the market, starting from 11 May this year AB Bank SNORAS will change the interest rates on time deposits in Litas, Euro, Great Britain pounds and USA dollars.
more »
Now VW and Porsche who are looking into a merger.
more »
First European SME week supports small businesses and encourages entrepreneurship.
more »
Officials at an El Paso bank said $120,000 found at an ATM doesn't belong to the bank.
more »
The placing on the market of seal products should not be allowed say MEPs. It is permitted only where the seal products result from hunts traditionally conducted by Inuit and other indigenous communities.
more »
President Barack Obama is calling on Congress to overhaul tax policies that he said reward companies for shifting U.S. jobs overseas and allow wealthy people to evade taxes using offshore accounts.
more »
MEPs will discuss the protection of animals used for science Monday evening along with a proposal to ban the trade in seal products.
more »