Estonia, Financial Services
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Saturday, 22.03.2025, 23:56
Estonian stabilization reserve increased by 12.8 mln euros at end-2011
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The volume of the reserve grew by 3.3 million EUR in market value in the fourth quarter of 2011 and by 12.8 million EUR during the whole year.
According to the finance ministry, in the fourth quarter, 1.4 million and in the whole of 2011, 5.4 million EUR was paid into the fund based on laws.
The stabilization fund yield was 2.35% in the fourth quarter. Since the start of the year the yield was 2.26%.
Stabilization reserve means are mainly invested in bonds of low credit risk states and credit institutions. The biggest share is in government bonds of France (23.6%), Holland (15.8%) and Austria (14.3%).
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 mobilization.
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