Estonia is located on the shores of the Gulf of Finland from the north. From the west, it is washed by the Baltic Sea. Its eastern neighbor is Russia. From the south, Estonia borders on another Baltic country, Latvia.
This country has a rich and interesting history. At the beginning of the second millennium AD, Denmark owned this territory. After the popular uprising, she sold the land to the German Knightly Order. Then Estonia was conquered by Sweden. In 1710, Peter the Great annexed it to the possessions of Russia. It should be noted here that neither Sweden nor Russia suppressed the national, cultural or religious life of Estonia. Of course, there was no complete freedom in these matters either. Estonia became an independent country after the October Revolution and the Civil War in the early twentieth century. But it was not for long. Before the start of World War II, it became part of the USSR. In 1991-1992, Estonia became independent completely.
Much could be told about the history of the monetary unit of this interesting country. But we will limit ourselves to recent time. In Soviet times (until 1991), the currency of Estonia was naturally the same as in the Soviet Union. These were rubles and pennies. With the achievement of independence in circulation appeared its own monetary unit. Now the currency of Estonia is a kroon consisting of one hundred cents. At cost, it was tied to the
German brand. The Estonian currency defined its value as one-eighth of the value of the brand. Where did this name of the Estonian currency come from? Everything new is a well-forgotten old, and the krone was simply returned from the times when Estonia was an independent state between the two world wars.
The pre-war
Republic of Estonia consistently had two different currencies. At first, the Estonian currency was an Estonian brand. It lasted for ten years - from 1918 to 1928. Then the currency in Estonia changed. It became the Estonian kroon, which includes one hundred cents.
Starting January 1, 2011, the Estonian currency is the euro.
The country entered the
European Union much earlier - in 2004. The delay in adopting the new currency was due to the fact that for this Estonia had to demonstrate certain economic indicators. By the indicated date, all conditions were met and the country became fully integrated into the European Union.
We show how the price scale is supported by the Estonian currency of 2012. If you use a bus in Tallinn, it will cost you 1.3 euros per hour. You can buy a loaf of bread for
one euro. If you want a snack in a local (non-tourist) restaurant or cafe, then potatoes with salmon and vegetables will cost you five euros. The price of a bottle of beer is one euro.
Estonia is an attractive country for both tourists and businessmen. Its temperate climate and picturesque landscapes provide excellent leisure opportunities. The tax climate in this country is quite favorable for investors. By the way, in addition to the usual species, the so-called medical tourism is popular here. This is due to the fact that in this industry prices are lower than in neighboring countries, and the quality is quite high. This primarily applies to medical institutions located in the city of Tartu, and its famous university.
Estonia is a peculiar, interesting and tourist-friendly country. There are good opportunities for recreation and a large number of interesting sights.