As from 1 January 2011, Estonia is a member of the euro area and shares the same currency with over 330 million people in 17 Member States of the European Union.
Why did Estonia adopt the euro?
Guided by the opinions of the International Monetary Fund and the World Bank subsequent Estonian governments took special care to maintain the stability of public finances. This care for state finances enabled Tallinn to meet the Maastricht criteria and adopt the euro in January 2011.
Is Estonia a part of EU?
Since the spring of 2004, when Estonia became a member of the European Union, Estonia has demonstrated that it is an active and constructive partner and continues with these pragmatic policies in its further integration into the EU.
Does Cyprus use the euro?
The currency of Cyprus is the Euro. You can use ATMs, debit and credit cards as normal. If you’re found with fake euro banknotes the police will be called and you may be prosecuted.
Is Estonia expensive?
Estonia has become the most expensive country in the Eastern part of the European Union, Poland being cheapest. As confirmed by personal experience and fresh Eurostat data.
Do I need visa to Estonia?
Estonia is a member of the Schengen Agreement, meaning that starting from late 2022, Americans will need an ETIAS visa-free authorization to visit the country. To travel to Estonia with an ETIAS visa waiver, U.S. citizens are required to: Hold an eligible valid passport.
Do they speak English in Estonia?
This so-called “elven” language is spoken by around 1.1 million people globally. Estonia has one of the highest literacy rates in the world at 99.8% and nearly everyone speaks a foreign language, most commonly English and Russian, but also Finnish, German or Swedish.