Posts tagged as Bank of Estonia

Bank of Estonia: Emergency situation did not worsen financial positions

Monday, October 12, 2020

The emergency situation did not make the financial position of households and companies in Estonia worse overall, it appears from financial account statistics for the second quarter published by the Bank of Estonia (Eesti Pank) on Monday. Net lending by the Estonian economy as a whole totaled €454 million. The Estonian economy has been a provider of finance to the rest of the world for a long time by now,…

Bank of Estonia chief: Pension reform long-term bad idea

Thursday, January 30, 2020

Bank of Estonia chief Madis Müller said Wednesday evening that the pension reform bill which passed the Riigikogu Wednesday was a bad idea for the long-term perspective, adding that the coalition will need to demonstrate strong faith in its reform if it wants to effectively carry it out. Speaking on ETV politics discussion show “Esimene stuudio” Wednesday night, Müller said that in its analysis of the proposed reforms – the…

Bank of Estonia: People’s payment habits largely unchanged, cash used less

Friday, December 13, 2019

The payment habits of people in Estonia are largely fixed already, and although there have been no major changes in recent years, some identifiable trends nonetheless exist, Tiina Soosalu of the Bank of Estonia’s Payment and Settlement Systems Department said at a presentation of the results of a survey of Estonian residents’ financial behavior. “The majority of the population most commonly pay for their everyday purchases with a bank card…

Estonian bank: People changing jobs at record levels

Wednesday, November 14, 2018

Approximately 7 percent of workers in Estonia in each quarter of 2018 have terminated their contract with their employer on their own accord and started working for someone else, Bank of Estonia said. “Broadly speaking, it means that in a year, every fourth employee leaves to seek better opportunities,” central bank economist Rasmus Kattai said in a press release, adding that this is the largest state-wide turnover of staff during…