ESTONIA TURNS DOWN PART OF EBRD LOAN.

In a demonstrationof Estonia’s economic well-being, Tallinn told the European Bankfor Reconstruction and Development that it would not need thefinal tranche of a $50 million loan that the bank had offeredfor the repair of the country’s communication system, BNS reportedJuly 11. The news service also said that the reserves backingthe national currency had risen to a record $500 million in June.

Riga Asks Moscow to Unfreeze Latvian Accounts.