Estonia

Estonia to be among first to recover: deputy

The risks to the Estonian economy have receded substantially and it may be one of the first country's to recover from the financial crisis, a deputy governor at the country's central bank has said.

No uniform path to euro

There is no one-size-fits-all euro adoption policy available for the eight new EU countries from Central and Eastern Europe, finds a new paper from the Bank of Estonia.

Bank of Estonia - Annual Report 2007

In 2007, Estonia started, after several years of exceptionally strong growth, moving towards a more stable and sustainable level of expansion, said Andres Lipstok, the governor of the Bank of Estonia, the latest Annual Report.

Estonia circulates improved notes

The Bank of Estonia on Thursday released into circulation new EEK25 ($2.52) and EEK500 ($50.30) notes with enhanced security features.

Estonia's Ross urges fiscal caution

Tallinn must pursue a frugal fiscal policy to ensure it meets the Maastricht criteria for euro adoption, said Marten Ross, a deputy governor at the Bank of Estonia.

Estonia delays euro entry

The Bank of Estonia has said that Estonia would not meet EU criteria for eurozone accession in the years 2008-2009 and thus would not be able to adopt the common currency in 2010.

Bank of Estonia - Annual Report 2006

Estonia is highly unlikely to meet the Maastricht inflation criterion in 2007-09, notes the governor of Estonia's central bank in the annual report for 2006, but "we should maintain readiness to adopt the euro at the first opportunity," he says.

Tumpel-Gugerell on tripartite protocol

In a speech given on 16 February Gertrude Tumpel-Gugerell of the ECB said over the next six months, the ECB and eight central banks will be working closely with the Central Bank of Bosnia and Herzegovina on a needs assessment programme funded by the…

Central banks sign MoU on financial crises

An agreement entitled "Memorandum of Understanding on Management of a financial crisis in banks with cross-border subsidiaries or branches" was signed in Stockholm Monday 18 December by the central banks of Sweden, Estonia, Latvia and Lithuania.

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