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Friday, 26.04.2024, 02:37
Market value of Estonian stabilisation reserve grew by 0.5 mln euros in Q1
BC, Tallinn, 30.04.2015.
Print version
Print versionThe market value of the Estonian state stabilisation reserve was 369.5 million euros as of the end of March and it grew by 550,000 euros in a quarter, LETA/Public Broadcasting reports.
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The first quarter yield of the stabilisation reserve on annual basis was 0.6%.
Stabilisation reserve means are mainly invested in government bonds of low credit risk EU states (65.4%) and bonds of Euro area banks.
Bonds of the government of the Netherlands form 19.5%, those of France 19.2% and Dutch bank Rabobank 18.6%.
Bonds form 369.4 mln euros of the reserve and account residue 100,600 euros.
The reserve was created in 1997 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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