Estonia
Bank of Estonia - Annual Report 2004
The Bank of Estonia has published its Annual Report for the year ended 2004. The main factors affecting the global economy over the year were highly volatile oil prices, which repeatedly reached historic highs, and continued extensive imbalance in major…
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.
Estonians to vote on euro coin design
Estonians will have a chance to decide the appearance of the national side of their euro coins by a week-long telephone vote, due to start this weekend, the Bank of Estonia said Thursday 2 December.
Bank of Estonia - Annual Report 2003
The Bank of Estonia has published its Annual Report for the year ended 2003. The Baltic and Central European countries continued their brisk preparations for EU accession in 2003, the annual report says. Changes were made in tax systems and their…
Euro central rates & compulsory intervention rates
Further to the decisions taken on 27 June 2004 on the euro central rates in ERM II for the Estonian kroon, the Lithuanian litas and the Slovenian tolar, the compulsory intervention rates for these currencies have been established with effect from 28 June…
Three new currencies included in ERM II
At the request of the Estonian, Lithuanian and Slovenian authorities, the ministers of the euro area Member States of the European Union, the President of the European Central Bank and the ministers and the central bank governors of Denmark and Estonia…
Bank of Estonia Council to be appointed in Nov.
Bank of Estonia chairman Mart Sorg has said it will take a month for the Council's candidates to be cleared by security, according to the Baltic News Service. The candidates include politicians from both the ruling coalition and opposition, Sorg said.
New Bank of Estonia council decided says chairman
The Bank of Estonia's council will finish its term of office on 16 October. Central bank chairman Mart Sorg said on Wednesday 1 October that he has a list of names of people who will serve on the new council. "Under law, the old council will carry on…
Bank of Estonia's Ross to take up IMF role
The head of the Bank of Estonia's division for international and public relations Tanel Ross is to become adviser to the director of the Nordic-Baltic Constituency of the International Monetary Fund (IMF) in August.
Bank of Estonia - Annual Report 2002
The Bank of Estonia has published its Annual Report for the year ended 2002.
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.