Parts: investments are necessary
08.05.2009 | Juhan Parts | English news
Minister of Economic Affairs and Communications Juhan Parts said that investments into Estonia are necessary at the moment, as a rebuttal the news that the Finnish energy company Vapo might choose Estonia as a location for building a big biodiesel plant, aripaev.ee writes.
At the same time Parts admitted that he heard about Vapo's plan for the first time. "Nobody has contacted the ministry directly," he said.
Parts assured that the ministry is trying to encourage such foreign investments. "If they needed any kind of support then there are things that the government can offer from our side," said Parts and admitted that countries investing into neighboring countries don't often need help.
Parts added that since he's going to be at the annual Estonia day in Helsinki tomorrow then he might get a chance to enquire about Vapo's plans. "I'm going to have several work-related meetings in Helsinki and I'm also participating at a conference that deals with the economic situation both here and over the Finnish Gulf," said Parts.
Kauppalehti wrote that Vapo is planning to build a 500 billion kroons biodiesel plant and that one of the location under consideration is Estonia.
Sirley Salk
www.balticbusinessnews.com
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