Estonian governor awarded termination payment

andres-lipstok

The governor of the Bank of Estonia, Andres Lipstok, will receive a "termination payment" of €85,130 ($106,957), the equivalent to one year's basic salary, when he leaves his position next month.

The supervisory board of the central bank decided on the amount payable. A statement released on May 25 by the bank said: "The decision was made considering Mr Lipstok's contribution to the successful management of the bank over the past seven years, especially to the accession to the Eurosystem and to

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