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Pensions versus the euro

Mar 17, 2010
By Mila Chastukhina

TALLINN - In 2004, analysts predicted that joining the European Union for Estonia would favorably influence the growth in pensions, and forecast that the average level in 2010 would be 4,044 kroons (259 euros) per month. If Estonia wouldn’t have joined the EU, then, as the Ministry of Finance estimated, the average pension for 2010 would be only 3,310 kroons, they said. These calculations were based on a survey of 17 analysts, conducted in the summer of 2004, by the EU’s InfoSecre ...

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