Estonia and the euro

Estonia at a glance

Surface area: 45 230 km²
Population: 1 342 409 (Eurostat 2007)
Joined the European Union: 1 May 2004
Currency: kroon (EEK)

Euro information

Estonia is not yet a member of the euro area. The kroon joined the Exchange Rate Mechanism (ERM II) on 28 June 2004, and observes a central rate of 15.6466 to the euro with standard fluctuation margins of ±15%.

The current euro to kroon foreign exchange reference rate can be consulted on the website of the European Central Bank (updated daily). Adoption of the euro: Estonia does not have a target date to adopt the euro, but aims to do so as soon as possible.

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Documents and publications

• National Changeover Plan – fifth update (October 2006, also in English and Russian)
• Other documents (also in English)

• Fifth report on the practical preparations for the future enlargement of the euro area. COM(2007) 434 final (European Commission)
• 2006 Convergence Report. COM(2006) 762 final, also published as European Economy, No. 1/2006  (European Commission)
• Estonian kroon included in the Exchange Rate Mechanism II (European Commission, 27 June 2004) 

• Report on the Adoption of the Euro  (National Bank of Estonia, May 2007, also in English)
• Tere Euro  brochure (also in Russian)

Opinion polls and surveys:

• Flash Eurobarometer 207 (May 2007)
• Flash Eurobarometer 191 (November 2006)
• Flash Eurobarometer 183 (June 2006)
• Flash Eurobarometer 175 (November 2005)
• Flash Eurobarometer 165b (October 2004)
• Surveys conducted by Eesti Pank (also in English)

Downloads

• ‘Tere Euro’ campaign logo and graphic chart 
• Design of the national sides of the Estonian euro coins

Websites

• EuroVeeb (The official website for the euro changeover in Estonia, also in English and Russian)
• European Union and the euro (Eesti Pank website, also in English)

• Eesti Pank (National Bank of Estonia, also in English)
• Rahandusministeerium (Ministry of Finance of the Republic of Estonia, also in English and Russian)
• European Union Information Centre

• Eesti Kaubandus-Tööstuskoda (Estonian Chamber of Commerce and Industry, also in English and Russian)
• Euro Info Centres in Estonia

• Eesti Tarbijakaitse Liit, ETL (Estonian Consumers’ Union)