The Estonian Securities Marketby John J. A. Burke, Arno Puskar
The emerging markets of Eastern Europe present investors with an opportunity to obtain long term returns potentially higher than those returns available in established markets. Called “The Wunderkind of the Ex-Soviet Union” the Republic of Estonia offers the investor an opportunity to invest in a market with a stable government, growing economy and solid currency. Five years after inheriting a moribund Sovietized industrial economy, Estonia has reformed its industries and its currency has been the most stable currency of ex-Soviet republics at eight kroons to the Deutsche mark since its adoption in 1992.
This book provides the investor with an introduction and guide to investment in Estonia’s stock market. It examines the history and development of the capital market; the major public companies and investment funds; the laws of the securities market; the Rules and Regulations of the Tallinn Stock Exchange, the currency and tax system, and the effect of the October 1997 correction.
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