중동부유럽

GDP growth peaked in 2017. Last year, economic growth reached nearly 5 per cent, largely boosted by a double-digit hike in investment and strong household consumption.

A pension reform bill has been approved. It modifies the formula for pension calculations and ties the retirement age to the average life expectancy from 2027 onwards. In addition, a three-pillar system will be introduced and special pensions for certain professions will be abolished from 2020.

Port Tallinn was privatised through the local stock exchange. In addition to corporate governance improvements, the transaction will support the development of the local capital market, as it provides opportunities to investors, including institutional investors such as local pension funds.