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Country data
- Population:
- 1.3 million
- Area:
- 45,000 sq km
- Capital:
- Tallinn
- Currency:
- Euro
Key developments and challenges
Estonia showed the fastest growth of all EU countries last year. However, the rapid expansion in exports in 2011, which currently stand at 26 per cent above pre-crisis levels, could make Estonia vulnerable to negative trends in the European economy.
Contributions into private pension funds are being gradually restored. This underlines the authorities’ commitment to a multi-pillar pension system and signals that a temporary crisis measure to restore fiscal balance can now be brought to an end.
The division of activities of the dominant energy supplier is positive for competition and market access. The requirement for a divestment of supply activities by the current monopoly gas operator is compliant with EU directives.
More developments and challenges
Estonia
Key facts about the EBRD's work in Estonia
|
No. of projects |
83 |
|---|---|
|
Net business volume |
€538.6 million |
|
Total project value |
€1.38 billion |
|
Gross disbursements |
€515.1 million |
|
Portfolio in private sector |
100% |
Our strategy in Estonia
In Estonia the EBRD aims to foster commercial banks’ continued lending to the corporate sector, particularly to SMEs, and to provide higher-risk products such as equity for local corporations to fund their growth and improvements in competitiveness. The Bank will support municipalities, where appropriate, through public-private partnerships and through financial institutions to ensure commercial co-financing for EU funded projects. And it will facilitate investments in the diversification of energy supply, in energy efficiency and renewable energy.
CONTACTS
Šeimyniškiu 1A
4th Floor
LT-2600 Vilnius
Lithuania
Tel: +370 52 638480
Fax:+370 52 638481