Baltic funding may draw investors

Investment in countries bordering the Baltic Sea may make the region more attractive to UK emigrants who are looking to transfer money overseas.

The European Commission (EC) recently revealed plans to strengthen transport links to some of the countries in the region.

EC members suggested plans to construct Rail Baltica, which would run from Estonia to Poland.

In addition, funding from the European Union (EU) may also be used to protect the environment of some locations, such as reducing the level of chemicals polluting the Baltic Sea.

Figures from the EC show that 50 billion euros of funding is available to invest in the region, which may be of interest to potential expats making international money transfers.

Some nine countries may benefit from the proposals, including: Finland, Denmark, Estonia, Latvia, Lithuania, Poland, Sweden, Russia and Germany.

Meanwhile, the EC recently announced plans to offer small businesses in the EU micro-credits in order to help them weather the recession.

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By Linsey Summers.