At the meeting this morning at Kadriorg with the Chairman of the Board of the Bank of Estonia Mart Sõrg and Andres Lipstok, the situation in Estonian economy and banking sector, representation of banks in rural areas, as well as possibilities to develop public credit societies were discussed.
It was a common opinion that since Estonia was a EU Member State, it belonged to a stable economic space, and that stimulated the economic development of Estonia. President Rüütel said that the Bank of Estonia would preserve its role also within the European System of Central Banks, and singled out the importance of reliable economic analysis.
Public Relations Unit of the Office of the President
Kadriorg, May 18, 2005
