There is no immediate sign of the economy recovering rapidly
The Estonian economy is performing less well than the average and Estonian companies consider that the opportunities for business are clearly worse than they were before. This is illustrated by companies currently having spare production capacity that they are not using, though if foreign markets were to pick up again, that capacity could be utilised to increase production volumes quite quickly. In the current situation, price pressures should be weaker than they typically are, and that should help bring down overall inflation.Read more
1 EUR = 0.8680 GBP
1 EUR = 157.8700 JPY
1 EUR = 11.4270 NOK
1 EUR = 11.8790 SEK
1 EUR = 1.0647 USD
The new Chair of the Estonian Fiscal Council is Peter Lõhmus and a new member is Karin Jõeveer
Eesti Pank and Omniva are launching a campaign to collect a million coins
STATISTICAL RELEASE. The net external assets of Estonian monetary financial institutions shrank in 2022
On the front, the banknotes display windows and gateways. They symbolise the European spirit of openness and cooperation. The 12 stars of the European Union represent the dynamism and harmony of contemporary Europe. The bridges on the back symbolise communication between the people of Europe and the rest of the world. The architectural style of the particular era was used in the design, with no reference to specific buildings.
Estonian kroonExchange kroons
The Estonian monetary system was based on the system of the currency board, meaning that the exchange rate of the kroon was strictly pegged to a reserve currency. From then until 31 December 2001 the exchange rate of the kroon against the German mark was fixed at EEK 8 = DEM 1, and thereafter the exchange rate of the kroon against the euro was fixed at EEK 15.6466 = EUR 1 (the exchange rate effective to date).