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ERR - As the clocks struck twelve marking the arrival of the new year, Estonia bid fond farewell to its national currency, the kroon, becoming the 17th country to join the Eurozone. Both currencies will be accepted in tandem over the course of a 14-day transition period, however shops, restaurants and other businesses must give change only in euros during that time.
The occasion was marked in Tallinn with a celebratory, outdoor concert on Theater Square. Shortly after midnight Prime Minister Andrus Ansip ceremonially withdrew his first euro notes from a cash machine at the event.
At a press conference held the afternoon prior to the changeover, Ansip reiterated his opinion that a speedy adoption of the euro was necessary to calm the fears of foreign investors who have been reluctant to deal with Estonia due to concerns over devaluation.
Read more: http://news.err.ee/economy/35675806-6544-4d73-82b6-ba0fb645b95f
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