Party in Estonia,
Sergei KUZNETSOV, chairman; Moderates (M) made up of 2 parties: Social
Democratic Party and Rural Center Party; Social Democratic Party, Eiki
NESTOR, chairman; Rural Center Party, Vambo KAAL, chairman;
Right-Wingers, Ulo NUGIS, chairman

Member of: BIS, CBSS, CCC, CE, EBRD, ECE, FAO, IAEA, IBRD, ICAO,
ICFTU, ICRM, IFC, ILO, IMF, IMO, INTERPOL, IOC, ISO (correspondent),
ITU, NACC, OSCE, PFP, UN, UNCTAD, UNESCO, UPU, WEU (associate
partner), WHO, WIPO, WMO

Diplomatic representation in US:
chief of mission: Ambassador Toomas Hendrik ILVES
chancery: 1030 15th Street NW, Washington, DC 20005, Suite 1000
telephone: [1] (202) 789-0320
FAX: [1] (202) 789-0471
consulate(s) general: New York

US diplomatic representation:
chief of mission: (vacant); Charge d'Affaires Keith SMITH
embassy: Kentmanni 20, Tallinn EE 0001
mailing address: use embassy street address
telephone: [372] (2) 312-021 through 024
FAX: [372] (2) 312-025

Flag: pre-1940 flag restored by Supreme Soviet in May 1990 - three
equal horizontal bands of blue (top), black, and white

@Estonia:Economy

Overview: Bolstered by a widespread national desire to reintegrate
into Western Europe, the Estonian government has pursued an ambitious
program of market reforms and stabilization measures, which is rapidly
transforming the economy. Three years after independence - and two
years after the introduction of the kroon - Estonians are beginning to
reap tangible benefits; inflation, though still high, was brought down
to about 2% per month in second half 1994; production declines have
bottomed out with estimated growth of 4% in 1994; and living standards
are rising. Economic restructuring has been dramatic. By 1994 the
service sector accounted for over 55% of GDP, while the once-dominant
heavy industrial sector continues to shrink. The private sector is
growing rapidly; the share of the state enterprises in the economy has
steadily declined and by late 1994 accounted for only about 40% of
GDP. Estonia's foreign trade has shifted rapidly from East to West;
the Western industrialized countries now account for two-thirds of
foreign trade.

National product: GDP - purchasing power parity - $10.4 billion (1994
estimate as extrapolated from World Bank estimate for 1992)

National product real growth rate: 4% (1994 est.)

National product per capita: $6,460 (1994 est.)

Inflation rate (consumer prices): 3