What is the population of Estonia and what are the major demographic trends?
Currently, the population is 1.35 million people, so were a rather small country. There are about 600,000 households because, just like in Western Europe, the birth rate is not that high, and the average family is between two and three people. Q: What type of investors participate on the exchange? A: We have institutional and retail investors, as well as local and foreign investors. About half of the capital invested is Estonian, followed by capital from Finland, Sweden, and Luxembourg, because many foreign funds are registered in Luxembourg. The local individual investors are not as active as in Nordic countries, because our experience on the stock market is not that long. We dont have generations of investing families and the respective investment culture. Nevertheless, probably about 10% of the workforce is actively investing. About 85% of the workforce, however, participate in the exchange indirectly through pension funds. Following a pension reform, now we have a three-pillar pens
