The Impact of The Financial Crisis of 2008
On July 2009, Estonian VAT was increased from 18% to 20%. On 9 August 2011, just days after Standard & Poor's downgraded the credit rating of the United States, it raised Estonia's rating from A to AA-. Among the factors S&P cited as contributing to its decision was confidence in Estonia's ability to "sustain strong economic growth."
Read more about this topic: Economy Of Estonia
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