The Supervisory Board of Eesti Pank decided at its meeting on Tuesday to transfer a quarter of its profit from last year, or 0.9 million euros, to the state budget. The bank made a profit of 3.4 million euros last year.
The profit that Eesti Pank made in 2020 was less than an eighth of... more
Governor of Eesti Pank Madis Müller said in a presentation at a conference on accounting on Thursday that the second wave of the pandemic crisis will cause new uncertainty in the economy, which means that rather than increasing its fixed costs, the state should be flexible in the coming year and... more
Governor of Eesti Pank Madis Müller spoke at the Äriplaan 2021 economic conference on Tuesday, where he said that although the Estonian economy has outperformed expectations so far, the uncertainty caused by the outbreak of the coronavirus means that both businesses and the government need to... more
The contraction in the Estonian economy in the second quarter was smaller than had been feared, but a new outbreak of the coronavirus will push the recovery of the economy further into the future. Once the restrictions introduced under the emergency situation were lifted, the economy started to... more
Estonia is going through a global pandemic with wide-ranging economic consequences that will leave the economy 10% smaller than it was last year if the virus fades away and restrictions are not re-imposed. The economy has already started to recover as the restrictions that have been introduced... more
The Supervisory Board of Eesti Pank decided at its meeting on Tuesday to transfer 18.9 million euros of its profit from last year to the state budget. This is three quarters of the undistributed profit of the bank of last year, which is the maximum amount that the law permits Eesti Pank to give... more
Governor of Eesti Pank Madis Müller, who attended the meeting of the finance committee of the Riigikogu on Tuesday, said it was important right now to focus on steps to support the economy that would give immediate help to people and companies in coping with the crisis.
He explained it... more
At the regular meeting of the Supervisory Board of Eesti Pank on Tuesday, the board confirmed the current strategy for profit distribution, whereby the central bank gives the state between 0 and 25% of its profit from the previous year.
The Supervisory Board will start to discuss the... more
- The Estonian economy will grow by 3.4% this year and 2.3% in 2020
- Growth in the economy will slow in the next three years as the outlook for foreign markets is poor and the previously strong growth in employment will start to fade
- Unemployment will rise in... more