The situation is described by industry insiders as serious and likely to impact the entire forestry sector. A cooling of the global economy and widespread damaged to spruce trees in central Europe are the likely culprits. Martin Arula, CEO of Toftan, one of the largest sawmills in the Baltic States and based in Võru County, said the current situation on the timber market was comparable with a crash in prices that happened 2007-2008. “The global economic downturn is still very clear,” Arula said. ...
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