 The Republic of Estonia is a country in Northern Europe. It is bordered to the north by the Gulf of Finland, to the west by the Baltic Sea, to the south by Latvia, and to the east by the Russian Federation.
Estonia is a democratic parliamentary republic and is divided into fifteen counties. The capital and largest city is Tallinn. With a population of only 1.34 million, Estonia is one of the least-populous members of the European Union. Estonia has been a member of the League of Nations from 22 September 1921, has been a member of the United Nations since 17 September 1991, of the European Union since 1 May 2004 and of NATO since 29 March 2004. Estonia has also signed the Kyoto protocol. Estonia regained its independence on 20 August 1991. It has since embarked on a rapid programme of social and economic reform. Today, the country has gained recognition for its economic freedom, its adaptation of new technologies and was one of the world’s fastest growing economies for several years. However, Estonia’s economy was second worst hit of all 27 European Union members in the 2008–2009 economic crisis, contracting sharply in the first quarter of 2009. A balanced budget, almost non-existent public debt, flat-rate income tax, free trade regime, fully convertible currency backed by currency board and a strong peg to the euro, competitive commercial banking sector,innovative e-Services and even mobile-based services are all hallmarks of Estonia’s free-market-based economy. Population: 1,340,415 (2009) Please upgrade your Flash Player
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