Estonian stocks see huge speculative growth

  • 2010-01-19
  • TBT Staff

TALLINN - The Estonian stock market has reached a 15 month high as investors increase their activity amidst speculation over the country's adoption of the euro.

Stocks have increased for the past 8 days in a row to reach the current yearly high. The OMX Tallinn index has jumped 24% this year, making it the world’s best- performing equity market and extending last year’s 47% advance, Bloomberg reported.

The Estonian economy is on track to adopt the EU's single currency next year.