What is the currency in Estonia?

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Estonia is situated on the shores of the Gulf of Finland to the north.From the west it is bordered by the Baltic Sea.Its eastern neighbor is Russia.From the south Estonia borders with the other Baltic country, Latvia.

This country has a rich and interesting history.At the beginning of the second millennium BC the territory held Denmark.After a popular uprising, she sold the land to the German Knights.Then Estonia was conquered by Sweden.In 1710, Peter the Great annexed it to the possessions of Russia.It should be noted that neither Sweden nor Russia suppressed ethnic, cultural or religious life in Estonia.Of course, complete freedom in these matters is also not there.Estonia became an independent country after the October Revolution and the Civil War in the early twentieth century.But it was short-lived.Before the start of World War II, it became part of the Soviet Union.In 1991-1992, Estonia became independent definitively.

Much could tell about the history of the monetary unit of this interesting country.But we confine ourselves recently.During the Soviet period (up to 1991), the Estonian currency, of course, was the same as that in the Soviet Union.It was the rubles and kopecks.Since independence in circulation has appeared currency.Now the Estonian currency - koruna is composed of one hundred cents.As the cost of it was tied to the German mark.Currencies Estonian determined its value as one-eighth of the value of the brand.Whence is the name of the Estonian currency?Everything is new - is well forgotten old, and the krone has just returned from the days when the interwar Estonia was an independent state.



In the pre-war Republic of Estonia has been consistently two different currencies.First, the currency of Estonia was an Estonian brand.It lasted for ten years - from 1918 to 1928.Then the currency in Estonia changed.She was the Estonian kroon, which includes one hundred cents.

From 1 January 2011, the currency of Estonia - is the euro.The country joined the European Union much earlier - in 2004.The delay in the adoption of the new currency was due to the fact that this Estonia had to demonstrate certain economic indicators.To this date, all conditions have been fulfilled, and the country became fully integrated into the European Union.

show a scale of price supports Estonia's currency in 2012.If you are using in Tallinn by bus, it will cost you 1.3 euro per hour.Buy a loaf of bread will be for one euro.If you want a snack at a local (non-tourist) restaurant or cafe, the potato with salmon and vegetables will cost five euros.The price of beer bottles - one euro.

Estonia - an attractive country for tourists and businessmen.Its mild climate and picturesque landscapes provide excellent opportunities for recreation.Tax climate in this country is rather favorable for investors.By the way, apart from the usual species are popular so-called medical tourism.This is due to the fact that in this industry rates are lower than in neighboring countries, and the quality is sufficiently high.This primarily refers to medical institutions located in Tartu and its famous university.

Estonia - it is an original, interesting and friendly to tourists the country.There are good opportunities for recreation and a large number of interesting sights.