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.
Are Euros accepted in Estonia?
On 8 June 2010, the EU finance ministers agreed that Estonia would be able to join the euro on 1 January 2011. On 13 July 2010, Estonia received the final approval from the ECOFIN to adopt the euro as from 1 January 2011.
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 cheap to visit?
Estonia has a much lower cost of living than Finland, and this keep costs affordable for visitors. You can expect to pay a fraction of the cost in Estonia for meals, accommodation, and transportation compared to what you might pay in Finland.
Do you need a visa to travel 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 Estonians speak English?
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.
Is Tallinn expensive to visit?
1. Re: Is Tallinn expensive? It’s not the cheapest destination in Europe but far from the most expensive. You’ll probably find it a bit on the cheap side compared to where you’re coming from.
How much is beer in Tallinn?
Cost of Living in Tallinn
|Meal, Inexpensive Restaurant||10.00€|
|Meal for 2 People, Mid-range Restaurant, Three-course||50.00€|
|McMeal at McDonalds (or Equivalent Combo Meal)||6.00€|
|Domestic Beer (1 pint draught)||4.00€|
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.
Does Belgium use the euro?
Belgium is a founding member of the European Union and one of the first countries to adopt the euro on 1 January 1999.