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Thursday, 25.04.2024, 22:54
Estonian stabilisation reserve increased by 8 mln euros in 2014
BC, Tallinn, 29.01.2015.
Print version
Print versionAs of the end of 2014, the Estonian stabilisation reserve volume was 367.1 million EUR in acquisition value and 368.9 million EUR in market value, LETA/Public Broadcasting reports.
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The volume of the reserve grew by 8 million EUR in market value in a year. The yield since the start of the year was 0.59%.
Based on state budget law, 5.9 mln euros was paid into the reserve in 2014. The reserve grew mainly from allocations from Eesti Pank profits.
Stabilisation reserve means are mainly invested in bonds of low credit risk EU states and bonds and deposits of credit institutions.
The reserve was created in 1997 with the volume of 44.8 mln euros to hedge economic risks and guarantee stability of investments and structural changes aiming to create long-term social benefits. The reserve can also be used for military readiness or mobilisation.
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