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Baltic 'tigers' drive high growth in new member states

A new report published by the World Bank shows that the new member states are fast-growing and healthy in comparison with the sluggish economies of "Old Europe".

The eight new EU countries surveyed in the report - excluding Malta and Cyprus - grew at a healthy five percent in 2004, says the World Bank; well over twice the two percent managed by the EU 15.

The World Bank attributes some of this performance to the three Baltic countries - Lithuania, Latvia and Estonia, the so-call...

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