Estonia
Estonia re-appoints central bank council chairman
Mart Sorg has been reappointed chairman of the council of the Bank of Estonia, for a second term, Estonian Television reports. Sorg said he intends to hold a balance of political forces in the new council.
Estonian central bank looks forward to euro
The president of the Bank of Estonia, Vahur Kraft, has set 2006 as the time "horizon" for Estonia in terms of joining the euro, according to a report by Estonian Radio.
Bank of Estonia Council may see new chair
Political party Res Publica has said it does not support Mart Sorg for a second term as chairman of the supervisory council of the Bank of Estonia, according to the Baltic News Service.
Estonian central bank reappoints auditor
The Bank of Estonia has asked parliament to reappoint Deloitte & Touche as auditors, according to the Baltic News Service The company audited the central bank's results for 2002.
Estonian c bank says gov't should balance budget
A report on Estonian Radio said that the president of the Baltic nation's central bank, Vahur Kraft, has told the ruling coalition that the budget must be balanced or investor trust will be lost.
Bank of Estonia prepares for ECB transfer system
The Bank of Estonia has launched preparations to accession to TARGET, the Trans-European Automated Real-time Gross settlement Express Transfer system of the European Central Bank.
Estonia's case for euro membership
LETTER - Letter published in the Financial Times, UK edition, 21 October.
Bank of Estonia - Annual Report 2001
ANNUAL REPORT - The Bank of Estonia has published its Annual Report for the year ended 2001.
The Euro 50 Group Roundtable: Challenges of accession: Estonia
Märten Ross, a deputy governor at the Bank of Estonia, considers alternative scenarios for joining the euro. After ten years’ experience of a currency board, Estonia is more than prepared to join.
Speech by Eugenio Domingo Solans, ECB, 11 June
SPEECH - Eugenio Domingo Solans, member of the Governing Council and Executive Board of the ECB, gave a speech titled 'Exchange rate policies in the accession process' to a conference in Tallinn on 'Alternative Exchange Rate Regimes in the Globalised…
IMF working paper on the Estonian currency board
RESEARCH - This IMF working paper reviews the introduction of the Estonian kroon under a currency board arrangement. It examines the economic impact of its introduction and its role in the early success of Estonia's transition to a market economy.
Bank of Estonia's profit smaller than last year
ESTONIA - President of the Bank of Estonia Vahur Kraft has said that last year the central bank earned an extraordinarily high profit on its foreign currency reserves, but this year would be much more modest in that respect.
Estonian c bank end March reserves up 4.6 pct m/m
ESTONIA - The Estonian central bank said on Friday its gold and foreign currency reserves rose 4.6 percent to 13.9 billion kroons ($781.3 million) by the end of March versus 13.3 billion at end-February.
President of Bank of Estonia's earnings
ESTONIA - The pay of the Estonian central bank's President Vahur Kraft totalled 874,186 kroons (EUR 56,000) in 2001, of which the 12-month salary made up 486,360 kroons.
Ex-economics minister again c bank council member
ESTONIA - Along with the president's decision to relieve Mihkel Parnoja of the post of economics minister, Parnoja's powers as member of the supervisory council of the Bank of Estonia were restored.
Risk deals unrestricted in Latvia
LATVIA - The Latvian Finance and Capital Market Commission on 28 September lifted previous restrictions on Latvian bank's risk deals with residents of Estonia and Lithuania, reported the commission.
Bank of Estonia - Annual Report 2000
ANNUAL REPORT - The Bank of Estonia has published its Annual Report for 2000.
Safeguarding financial stability - key issues
SPEECH - Vahur Kraft, Governor of the Bank of Estonia spoke at a conference on the Challenges for the Unified Financial Supervision in the New Millennium, Tallinn, Estonia on 2 July.
Bank of Estonia OKs takeover
The Estonian central bank today indicated that it would allow Swedish-owned Hansapank to take over Lithuanian Taupomasis Bankas.
Estonian cbank 2000 profit 158.3m EEK
ESTONIA - The Estonian central bank said on Apr 19 its council had closed the books on its 2000 financial year that ended with 158.3 million kroons ($9.02 million) profit.
Financial supervisory body under Bank of Estonia
After a hard fought battle, the Estonian parliament has decided by a majority of votes to place the integrated financial supervisory body under the Bank of Estonia.
Estonia c.bank Jan reserves down amid rules change
Estonia's central bank said on Feb. 7 its gold and foreign currency reserves dropped 14.4 percent in January 2001 from December 2000 as new regulations easing the use of commercial banks' mandatory reserves went into effect. The central bank said in a…
Bank of Estonia total assets down 6.5% in Jan 2001
The total assets of the Bank of Estonia declined by 6.5 percent during January to 16.1 billion kroons (USD 955 mln) at the end of the January 2001. The central bank's gold and currency reserve dropped by 2.2 billion kroons or 14.4 percent to 13.2 billion…
Estonian 2000 domestic lending growth high-c.bank
Estonian total domestic lending in 2000 grew 30.6 percent year-on-year to stand at 34.7 billion kroons ($2.05 billion) at the end of December 2000, the central bank said on Jan. 25.