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Baltics punch above their weight

2004

Over 423,000 people have joined the funded pension system
Czechs eye mid-2006 for pension reform
In the previous year the monthly gross wages and salaries were 6,723 kroons
Funded pension system receives 21 million EUR in Q1
HEX Tallinn promotes environment-friendly approach
Investments of pension funds in CEE countries

HEX Tallinn reports improved turnover, profit

30.01.04 Äripäev

The total turnover of HEX Tallinn, the operator of Tallinn Stock Exchange, was EUR 2.5 million in 2003, up 23 percent from the previous year.

The consolidated net profit for year 2003 totalled EUR 0.6 million, compared to the result of EEK 0.1 million the year before. The results are not audited.

Increased trading activity on the Tallinn Stock Exchange and higher than expected number of subscribers to the funded pension system were the main drivers behind the growth of business volumes,” said Gert Tiivas, CEO of HEX Tallinn, adding that another objective was to make more services available online for registered companies.

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