natgillin/translations-raw huggingface dataset:
Easter Monday is a national holiday in most European countries. 
Teine ülestõusmispüha on enamikus Euroopa riikides puhkepäev.
Preliminary assessments show that inflation in the euro area slowed to 1.8% in February. 
Euroala inflatsioon aeglustus veebruaris esialgse hinnangu kohaselt 1,8%ni.
In the past couple of years the driving forces behind price rises in Estonia have been food prices and energy. 
Viimased paar aastat on Eesti hinnakasvu taga olnud peamiselt toiduained ja energia.
Food prices rose again in February by 6%, which is faster than before as the earlier rises in global prices for food commodities fed through into Estonian prices for end-products. 
Toiduainete hinnad tõusid veebruaris endiselt tempokalt (6%), sest varasemalt kiirelt kasvanud toidutoorme maailmaturuhinnad kandusid üle Eesti lõpptoodete hindadesse.
Among the energy sources consumed by households, the highest rise from a year earlier was in the price of electricity, which increased by 27.4% and also heat, which rose by 6.6%, while the prices of motor fuels remained similar to those of February last year. 
Majapidamiste tarbitava energia hulgas kallinesid aastatagusega võrreldes enim elekter (27,4%) ja soojusenergia (6,6%), kuid mootorikütuste hinnad jäid ligikaudu samale tasemele kui eelmise aasta veebruaris.
Electricity was 0.4% more expensive than in January. 
Jaanuariga võrreldes kallines elektrienergia 0,4%.
Core inflation excluding food and energy prices fell to a low level, reaching only 0.7% in February. 
Toidu- ja energiahindadeta alusinflatsioon on langenud madalale tasemele, ulatudes veebruaris üksnes 0,7%ni.
One factor in this is the drop in the prices of imported manufactured goods, which is a consequence of weak demand in the euro area as a whole. 
Alusinflatsioonis kajastub muu hulgas importtööstuskaupade odavnemine, mis tuleneb nõrgast nõudluskeskkonnast euroala riikides tervikuna.
Core inflation was also restrained by services, especially by the cheaper prices for communications and public transport. 
Alusinflatsiooni pidurdas ka teenuste, eelkõige side ja ühistranspordi odavnemine.
Some acceleration in the prices of services may be expected in the near future as a result of wage rises. 
Lähiajal võib palkade arengu tõttu siiski oodata teenuste hinnakasvu mõningast kiirenemist.
For further information: Hanna Vaga Public Relations Office Tel: +372 668 0959, +372 509 7285 Email: hanna.vaga [at] eestipank.ee Media queries: press [at] eestipank.ee 
Lisateave: Hanna Vaga Avalike suhete allosakond Tel: 6 680 959, 5 097 285 E-post: hanna.vaga [at] eestipank.ee Meediapäringud: press [at] eestipank.ee
The Supervisory Board received a review of the 2012 report of the Internal Audit Department and appointed Janno Kase an internal auditor as from 8 March 2013. 
Eesti Panga nõukogu tutvus siseauditi osakonna eelmise aasta töö aruandega ning nimetas Janno Kase keskpanga siseaudiitoriks alates 8. märtsist.
The next meeting of the Supervisory Board of Eesti Pank will be held on 7 May. 
Eesti Panga nõukogu järgmine korraline istung toimub 7. mail.
The main source of income growth in Estonia has been the increase in market share for exports of goods and services to our principal target countries and to global markets as a whole. 
Eesti sissetulekute kasvu peamiseks allikaks on olnud kaupade ja teenuste ekspordi turuosa kasv põhilistes sihtriikides ja maailmaturul tervikuna.
In the last decade, the market share for exports of Estonian goods and services in target markets grew by 72%, while global exports grew by around 17%. 
Viimasel aastakümnendil kasvas Eesti kaupade ja teenuste ekspordi turuosa sihtturgudel kokku 72%, maailma ekspordis aga ligi 17%.
Increased volumes of exports accounted for 2/3 of the growth in Estonian earnings from exports of goods, and the remaining 1/3 came from increased prices for exports. 
Eesti kaubaekspordi maksumuse suurenemine oli 2/3 ulatuses seotud eksporditavate koguste ning 1/3 ulatuses ekspordihindade kasvuga.
The rapid price growth is linked to a shift in the structure of Estonian exports towards goods with higher added value, positive changes in the position in the outsourcing value chain and the existence of niche products and markets. 
Kiirem hinnakasv viitab Eesti ekspordi struktuuris toimunud nihkele kõrgema lisandväärtusega toodete suunas, positiivsetele muutustele allhanke väärtusahela positsioonis ja nišitoodete või -turgude olemasolule.
Growth in Estonian exports was faster than the European Union average in the last decade. 
Eesti eksport kasvas viimasel kümnendil Euroopa Liidu keskmisest kiiremini.
Estonian export growth is also affected by competitiveness, which has allowed Estonian exports to grow faster than those of other countries. 
Samas mõjutab Eesti ekspordikasvu ka konkurentsivõime, tänu millele on Eesti eksport olnud suuteline kasvama kiiremini kui muude riikide oma.
Changes in prices can affect the short-term profitability of exports. 
Hindade areng võib lühiajaliselt mõjutada ekspordi tulemuslikkust.
Estimates based on the methodology developed by the International Monetary Fund, the IMF, show that before the economic crisis the real exchange rate of the kroon expressed in relative prices was slightly overvalued. 
Rahvusvahelise Valuutafondi (IMF) metoodika abil tehtud hinnangud näitavad, et enne kriisi oli Eesti suhtelist hinnataset väljendav krooni reaalkurss veidi ülehinnatud.
This means that Estonian prices were rising slightly too fast. 
See tähendab, et Eesti hinnad kasvasid pisut liiga kiiresti.
Inflation is currently stable in Estonia, which offers support to balanced economic growth, and the real exchange rate of the euro has now slightly undervalued for Estonia. 
Eesti praegune inflatsioon on stabiilsem, tagades tasakaalulisema majandusarengu, ning Eesti jaoks on euro reaalkurss nüüd pigem alahinnatud.
In the short term this gives our exporters some advantage in the markets of the 56 foreign partners covered by the research, though in the longer run it could lead to an acceleration in price rises. 
Lühiajaliselt võimaldab see meie eksportööridel saada välisturgudel (vaadeldud on 56 välispartnerit) teatud eeliseid, kuid võib pikemas ettevaates põhjustada kiiremat hinnakasvu.
The government and the central bank need to take timely measures in fiscal policy and the financial sector in order to avoid pressure from rising prices. 
Hinnatõususurve vältimiseks peavad nii valitsus kui ka keskpank suutma õigeaegselt rakendada finantssektori- ja eelarvemeetmeid.
The competitiveness review will be published on the Eesti Pank website. 
Konkurentsivõime ülevaade on avaldatud Eesti Panga kodulehel
The Estonian Household Finance and Consumption Survey, HFCS, is carried out regularly every three years in the countries of the euro area. 
Leibkondade finantskäitumise ja tarbimisharjumuste uuring (Household Finance and Consumption Survey, HFCS) toimub euroala riikides regulaarselt iga kolme aasta tagant.
Estonia is participating in the project for the first time. 
Eesti osaleb selles uuringus esimest korda.
The research aims to collect internationally comparable data from all the euro area countries. 
Uuringu eesmärk on koguda euroala kõikide riikide kohta rahvusvaheliselt võrreldavaid andmeid.
Central banks use the data in their economic policy analysis, for assessing the impact of monetary policy, analysing financial stability and payment systems, and much more. 
Keskpangad kasutavad neid majanduspoliitiliste analüüside tegemisel, näiteks rahapoliitika mõju hindamisel või finantsstabiilsuse ja maksesüsteemide analüüsimisel.
Scientific researchers can also use the data. 
Samuti saavad andmeid kasutada teadustööde tegijad.
The results of the survey will be published on the Eesti Pank website. 
Uuringu tulemused avaldatakse Eesti Panga veebilehel.
More information on the survey can be found on the websites of Eesti Pank and the European Central Bank. 
Täiendav info uuringu kohta on Eesti Panga, statistikaameti ja Euroopa Keskpanga kodulehel.
The visit will last a week and a half and the IMF representatives will meet members of the government and the parliament, leaders and analysts from Eesti Pank and the Financial Supervision Authority, and managers and economists of the commercial banks and other companies, among others. 
Poolteist nädalat kestva visiidi ajal kohtuvad valuutafondi esindajad valitsuse ja Riigikogu liikmetega, Eesti Panga ja Finantsinspektsiooni juhtide ja analüütikutega, nii kommertspankade kui ka eraettevõtete juhtide ja majandusanalüütikutega ning mitmete ametite esindajatega.
The outcome of the IMF visit will be presented by the head of the four-member mission team Alexander Hoffmaister on Monday 18 March at 13-14 at a press conference in the Eesti Pank museum, where he will be joined by the finance minister Jürgen Ligi and Eesti Pank Governor Ardo Hansson. 
Visiidi kokkuvõtte esitab IMFi neljaliikmelise delegatsiooni juht Alexander Hoffmaister esmaspäeval, 18. märtsil kell 13-14 Eesti Panga muuseumis toimuval pressikonverentsil, kus osalevad ka rahandusminister Jürgen Ligi ja Eesti Panga president Ardo Hansson.
The IMF considers the main economic policy questions in all its member nations each year. 
Valuutafond arutab igal aastal kõikide liikmesriikidega olulisi majanduspoliitilisi teemasid.
The IMF's annual mission to Estonia, known as an Article IV Consultation, is followed by an IMF report assessing Estonia's economic policies. 
IMFi iga-aastase Eesti põhimissiooni (nn IV artikli konsultatsioon) järel valmib ka IMFi raport majanduspoliitiliste hinnangutega Eesti kohta.
Loans and leases to the real sector continued to grow as the need of companies for financing increased and corporate borrowing ability has increased. 
Reaalsektori laenude ja liisingute kogumaht kasvas jätkuvalt, seda ettevõtete suurenenud rahastamisvajaduse ja paranenud laenuvõtmisvõime tõttu.
Annual growth in the turnover of corporate loans reached 21% in January, which is similar to the average for last year. 
Jaanuaris oli ettevõtete laenukäibe aastakasv 21%, mis on võrreldav eelmise aasta keskmise näitajaga.
Households were more active in the market for loans than at the same time in 2012. 
Majapidamised olid jaanuaris laenuturul aktiivsemad kui 2012. aastal samal ajal.
Despite the increased boldness in borrowing, the loan and lease portfolio of households shrank by 1.5% from its position of a year earlier. 
Veidi julgemale laenukäitumisele vaatamata oli majapidamiste laenu- ja liisinguportfell väiksem kui aasta tagasi (-1,5%).
Interest rates in January were favourable for borrowing. 
Intressikeskkond oli jaanuaris laenude võtmiseks soodne.
Having fallen continuously for almost a year and a half, the volume of overdue loans grew in January by 7 million euros. 
Ligi poolteist aastat järjepidevalt kahanenud viivislaenude maht suurenes jaanuaris 7 miljoni euro võrra.
Annual growth in deposits slowed in January to 7%. 
Hoiuste aastakasv aeglustus jaanuaris 7%ni.
Deposits by households and companies declined during the month by 184 million euros to 8.5 billion euros. 
Ettevõtete ja majapidamiste hoiused vähenesid kuu jooksul 184 miljoni euro võrra 8,5 miljardi euroni.
As low interest rates do not encourage long-term saving, the share of term deposits in the structure of deposits has fallen to 31%, its lowest level for five years. 
Kuna madalad intressimäärad ei motiveeri pikaajaliselt hoiustama, on hoiuste struktuuris tähtajaliste hoiuste osakaal vähenenud 31%ni, mis on viimase viie aasta madalaim tase.
Looking to the future, and remembering all of the good help which we also got from other countries in the past, we would also like to give that same support other European countries joining the euro area. 
Looking to the future, and remembering all of the good help which we also got from other countries in the past, we would also like to give that same support other European countries joining the euro area.
Let me begin by stressing that Latvia’s long track record of fiscal prudence and your recent very difficult but ultimately successful crisis management are recognized, welcomed and greatly respected in the euro area. 
Let me begin by stressing that Latvia’s long track record of fiscal prudence and your recent very difficult but ultimately successful crisis management are recognized, welcomed and greatly respected in the euro area.
In fact, Estonia and Latvia are good examples of the benefits of implementing decisive reforms, demonstrating that the beneficial effects of front-loaded fiscal consolidation, deep structural reforms and economic flexibility outweigh the initial higher costs, especially by quickly restoring the confidence that is so crucial for ending a crisis and getting a country on a path towards recovery and growth. 
In fact, Estonia and Latvia are good examples of the benefits of implementing decisive reforms, demonstrating that the beneficial effects of front-loaded fiscal consolidation, deep structural reforms and economic flexibility outweigh the initial higher costs, especially by quickly restoring the confidence that is so crucial for ending a crisis and getting a country on a path towards recovery and growth.
One of the lessons we learned from this crisis is the importance of the issue of confidence. 
One of the lessons we learned from this crisis is the importance of the issue of confidence.
It is intangible, it is hard to measure, but it is so crucial. 
It is intangible, it is hard to measure, but it is so crucial.
In order to join euro area, Latvia, like any other potential member, needs to be deemed to have fulfilled the “Maastricht criteria”, and to do so in a sustainable fashion. 
In order to join euro area, Latvia, like any other potential member, needs to be deemed to have fulfilled the “Maastricht criteria”, and to do so in a sustainable fashion.
The recent euro area crisis has clearly revealed what can happen when the agreed rules are not followed, especially how damaging this can be for the country concerned. 
The recent euro area crisis has clearly revealed what can happen when the agreed rules are not followed, especially how damaging this can be for the country concerned.
As a corollary, countries which sustainably adhere to these rules, and which have a clear track record of prudence and adjustment capacity, act as net providers of stability, bringing benefits to other members of the euro area. 
As a corollary, countries which sustainably adhere to these rules, and which have a clear track record of prudence and adjustment capacity, act as net providers of stability, bringing benefits to other members of the euro area.
That additional benefit should be remembered. 
That additional benefit should be remembered.
Also, the sheer signal of countries wanting to join the euro area right now is also another contributor to this confidence that we all need. 
Also, the sheer signal of countries wanting to join the euro area right now is also another contributor to this confidence that we all need.
This morning, I would like to briefly touch on three themes. 
This morning, I would like to briefly touch on three themes.
First, a bit about the reasons for joining the euro area. 
First, a bit about the reasons for joining the euro area.
Second, a bit about the process and making the point that it is more a process than an event. 
Second, a bit about the process and making the point that it is more a process than an event.
And finally, our experience to date as a member of the euro area. 
And finally, our experience to date as a member of the euro area.
Starting with the motivating factors, in one sense we do not need a motivating factor because when we all joined the European Union in 2004, we made a commitment that the euro would be our currency. 
Starting with the motivating factors, in one sense we do not need a motivating factor because when we all joined the European Union in 2004, we made a commitment that the euro would be our currency.
Thus, the “if” question has already technically been answered and it is only a question of timing. 
Thus, the “if” question has already technically been answered and it is only a question of timing.
For Estonia as a small European economy highly dependent on trade, euro area membership was a natural goal stemming from close economic ties and similar cyclical behavior. 
For Estonia as a small European economy highly dependent on trade, euro area membership was a natural goal stemming from close economic ties and similar cyclical behavior.
A common currency with many of our main trading partners would reduce the costs of trading and more importantly deepen the economic integration that can drive all of the productivity improvements that will ultimately lie behind higher living standards. 
A common currency with many of our main trading partners would reduce the costs of trading and more importantly deepen the economic integration that can drive all of the productivity improvements that will ultimately lie behind higher living standards.
Our main trading partners are in Europe, so it is not an international issue for us but domestically important if we want to grow. 
Our main trading partners are in Europe, so it is not an international issue for us but domestically important if we want to grow.
In any case, our strategic choice two decades ago to tie our currency first to the DM, then to the euro, and a clear determination to never change this peg, meant that our macroeconomic environment was already very similar to that of a euro area member, and that the extra step towards full euro area membership would only be logical and natural. 
In any case, our strategic choice two decades ago to tie our currency first to the DM, then to the euro, and a clear determination to never change this peg, meant that our macroeconomic environment was already very similar to that of a euro area member, and that the extra step towards full euro area membership would only be logical and natural.
Let me now turn to the process. 
Let me now turn to the process.
When discussing such currency reforms, we often speak in terms of the date on which this takes place, which can leave the impression of a single event which suddenly brings great changes. 
When discussing such currency reforms, we often speak in terms of the date on which this takes place, which can leave the impression of a single event which suddenly brings great changes.
In fact, the process element is crucial. 
In fact, the process element is crucial.
We have been on a given path for 20 years, and we will be on this path for another few decades. 
We have been on a given path for 20 years, and we will be on this path for another few decades.
Therefore, it is many small steps that contribute and the actual date of conversion is somewhat less of an event. 
Therefore, it is many small steps that contribute and the actual date of conversion is somewhat less of an event.
It is important, but especially if you have been tied to the euro for a very long period of time. 
It is important, but especially if you have been tied to the euro for a very long period of time.
It is of crucial importance that a country’s economic policy mix as a whole is credible and consistent. 
It is of crucial importance that a country’s economic policy mix as a whole is credible and consistent.
Based on our own experience, we can say that much of the impact was already felt even before formal euro accession in terms of the investment flows and in terms of the restoration of confidence. 
Based on our own experience, we can say that much of the impact was already felt even before formal euro accession in terms of the investment flows and in terms of the restoration of confidence.
Finally, what have been some of the experience over the last more than two years? 
Finally, what have been some of the experience over the last more than two years?
The precise impact of the adoption of the euro is very hard to determine as there were so many other things going on, most notably the global financial crisis. 
The precise impact of the adoption of the euro is very hard to determine as there were so many other things going on, most notably the global financial crisis.
Future generations of economists, with the benefit of hindsight and data will be better placed than us to make a firm evaluation of costs and benefits. 
Future generations of economists, with the benefit of hindsight and data will be better placed than us to make a firm evaluation of costs and benefits.
Nevertheless, we can point to several positive developments which appear to be related to the broader agenda of reforms and policies, including euro adoption. 
Nevertheless, we can point to several positive developments which appear to be related to the broader agenda of reforms and policies, including euro adoption.
Most notably, the Estonian economy has successfully weathered a fragile global economy and come through the uncertainties within the euro area. 
Most notably, the Estonian economy has successfully weathered a fragile global economy and come through the uncertainties within the euro area.
Over the last few years, our export sector has led the economy to a path of relatively rapid and well-balanced growth. 
Over the last few years, our export sector has led the economy to a path of relatively rapid and well-balanced growth.
That has, in turn, created the scope for a still quite significant contribution from domestic demand to growth. 
That has, in turn, created the scope for a still quite significant contribution from domestic demand to growth.
Indicators of better balance include a much lower current account deficit, better consistency between productivity and wages and lower private sector indebtedness. 
Indicators of better balance include a much lower current account deficit, better consistency between productivity and wages and lower private sector indebtedness.
These improvements, along with sound fiscal policy, have increased trust in the Estonian economy and, furthermore, made it more resilient to economic shocks than before the crisis. 
These improvements, along with sound fiscal policy, have increased trust in the Estonian economy and, furthermore, made it more resilient to economic shocks than before the crisis.
Turning to some other indicators, the output level in our manufacturing sector already exceeded pre-crisis levels in 2011. 
Turning to some other indicators, the output level in our manufacturing sector already exceeded pre-crisis levels in 2011.
Our exports are now at record levels. 
Our exports are now at record levels.
Compared to the third quarter of 2009, they have grown by 67%. 
Compared to the third quarter of 2009, they have grown by 67%.
Investments have also rebounded, becoming the fastest growing component of domestic demand. 
Investments have also rebounded, becoming the fastest growing component of domestic demand.
Over the last two years, our GDP has grown robustly and somewhat faster than we had expected, by around 8% in 2011 and about 3.2% last year. 
Over the last two years, our GDP has grown robustly and somewhat faster than we had expected, by around 8% in 2011 and about 3.2% last year.
This is lower than the rates we would like to see in more normal times, and slower than the rate which Latvia achieved last year, but still a very respectable outcome given the state of the world economy. 
This is lower than the rates we would like to see in more normal times, and slower than the rate which Latvia achieved last year, but still a very respectable outcome given the state of the world economy.
By now, we have recovered to about 95% of our somewhat unsustainable pre-crisis level. 
By now, we have recovered to about 95% of our somewhat unsustainable pre-crisis level.
As a result, our unemployment rate has fallen steadily, most recently to 9.3%, which is lower than the euro area average. 
As a result, our unemployment rate has fallen steadily, most recently to 9.3%, which is lower than the euro area average.
Our employment has risen to about the same level as it was in the middle of the boom period. 
Our employment has risen to about the same level as it was in the middle of the boom period.
Clear positive impacts are also evident in the financial sector. 
Clear positive impacts are also evident in the financial sector.