BALTIC TIGER

A jargon which refers to either one of the three Baltic nations of Estonia, Latvia, and Lithuania, especially when referring to their double-digit growth rates from 2000 up until 2007. Baltic tigers gained their independence during the early 90s, immediately after the Soviet Union's breakup, and pushed through an aggressive program for liberalization and economic reforms from 2000 onwards. The reforms resulted to huge inflows of foreign investment which allowed them to have the most significant growth rates in Europe from 2000 to 2007.