Estonia, Financial Services, Investments

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 09:48

Estonian stabilisation reserve increased by 9 mln euros at end-September

BC, Tallinn, 23.10.2014.Print version
As of the end of September 2014, the Estonian government's stabilisation reserve volume was 368.5 million EUR in market value; the volume of the reserve grew by 9 million EUR in a year, LETA/Public Broadcasting reports.

In acquisition value, the volume of the reserve reached 366.8 million EUR.

 

The reserve's yield in the third quarter of this year was 0.48%.

 

Stabilisation reserve means are mainly invested in government bonds of low credit risk EU states and bonds and deposits of credit institutions. Bonds of France, Holland and Rabobank form the biggest part of the investment, government communication unit said.

 

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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