- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Estonia sells ambassador's residence in London to raise cash

© Docklandsboy Estonia sells ambassador's residence in London to raise cash
 Estonia sells ambassador's residence in London to raise cash  - Sputnik International
Subscribe
Estonia has been forced to sell the residence of its ambassador in London due to budget cuts amid the financial crisis, the country's Foreign Ministry said on Friday.

TALLINN, May 22 (RIA Novosti) - Estonia has been forced to sell the residence of its ambassador in London due to budget cuts amid the financial crisis, the country's Foreign Ministry said on Friday.

London real estate agents have valued the Kensington apartment, with total floorspace of 145 square meters, at $1.4 million.

Estonia purchased the apartment soon after gaining independence from the Soviet Union. The current ambassador has been residing in a different location.

On Thursday, the Estonian government considered possible cuts to the budget, and ordered all ministries to cut expenses by a total of 115 million euros.

 

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала