In June 1992, Estonia became the first former Soviet republic to introduce its own currency, the Kroon, which is the legal tender and fixed in value to the Deutschmark. Economic performance has now begun a slow recovery from several years of sharp decline following the 'shock therapy' administered by the post-independence governments. Estonia's service sector was the most developed in the former USSR, and the 1990s have seen substantial expansion in the sector, owing to increased tourism and Western investment. Inflation has dropped to single figures. Economic contacts with the EU and EFTA have already been established, and Estonia has joined the IMF, World Bank and the European Bank for Reconstruction and Development.
Prior appointments are necessary.
Business is conducted formally. Business cards are exchanged after introduction.