Estonia Forex Broker License

General Information

Estonia, a country in Northern Europe, borders the Baltic Sea and Gulf of Finland. Including more than 1,500 islands, its diverse terrain spans rocky beaches, old-growth forest and many lakes. Formerly part of the Soviet Union, it’s dotted with castles, churches and hilltop fortresses. The capital, Tallinn, is known for its preserved Old Town, museums and the 314m-high Tallinn TV Tower, which has an observation deck.

Population

Estonia has a population of 1,294,455

Political Structure

Estonia is a parliamentary representative democratic republic in which the Prime Minister of Estonia is the head of government and which includes a multi-party system. The political culture is stable in Estonia, where power is held between two and three parties that have been in politics for a long time. This situation is similar to other countries in Northern Europe. The former Prime Minister of Estonia, Andrus Ansip, is also Europe’s longest-serving Prime Minister (from 2005 until 2014). The current Estonian Prime Minister is Jüri Ratas, who is the former Second Vice-President of the Parliament and the head of the Estonian Centre Party.

Infrastructure and Economy

Estonia is economically deeply integrated with the economies of its northern neighbors, Sweden and Finland. As a member of the European Union, Estonia is considered a high-income economy by the World Bank. The GDP (PPP) per capita of the country was $29,312 in 2016 according to the International Monetary Fund. Because of its rapid growth, Estonia has often been described as a Baltic Tiger beside Lithuania and Latvia. Beginning 1 January 2011, Estonia adopted the euro and became the 17th euro zone member state.

Language

The official language, Estonian, belongs to the Finnic branch of the Uralic languages.

Currency

Euro (€) (EUR)

Exchange Controls

There are no exchange controls in Estonia.