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Eesti Pank: risks to the financial system are continuously low
Recent indicators confirm that the adjustment of the Estonian economy has continued in the first half of the year. The slowing economic growth is primarily related to declining domestic demand, which reflects the increased caution of households in both the acquisition of real estate and everyday expenditure and consumption.
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Eesti Pank releases into circulation new 25-kroon and 500-kroon banknotes
The new series of 25-kroon and 500-kroon banknotes will be put into circulation on 26 June 2008. The new 25-kroon banknotes have
the same design as the previous series issued in 2002. The new security features on the banknote are the signature of the Governor
of Eesti Pank, Andres Lipstok, and the year of issue 2007.
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Economic forecast for 2008-2010
Estonia`s economic growth has been mostly in line with the autumn expectations; however, the growth has decelerated faster than foreseen in the autumn forecast base scenario. This has been caused by the higher-than-expected uncertainty in the real estate sector, slower increase in the external demand and the price hikes of food and other raw materials in the world market.
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