Parliamentary speaker nominated Estonia bank chief

The supervisory council of the Bank of Estonia on Tuesday 10 May nominated deputy parliamentary speaker Andres Lipstok as the new president of the Baltic country's central bank.

Lipstok, 48, will start a five-year term starting June 7 if his nomination is approved by President Arnold Ruutel. The council selected Lipstok ahead of the current head Vahur Kraft, who has served since 1995.

Both of the candidates for the position of Governor, Vahur Kraft and Andres Lipstok, had previously presented t