Estonia Eurozone. The European Union Agency for large-scale IT systems is based in Tallinn, which started operations at the end of 2012. Estonia held the Presidency of the Council of the European Union in the second half of 2017. Since the early 1990s, Estonia has been involved in active trilateral Baltic states co-operation with Latvia and Lithuania, and Nordic-Baltic co-operation with the Nordic countries. The Baltic Council is the joint forum of the interparliamentary Baltic Assembly and the intergovernmental Baltic Council of Ministers. Estonia has built close relationship with the Nordic countries, especially Finland and Sweden, and is a member of
Economy of Estonia promising in Europe. In 2011, the real GDP growth in Estonia was 8.0%, and according to the projections made by the CEPII, by 2025 the GDP per capita could rise to the level of Nordic economies of Sweden, Finland, Denmark, and Norway. According to the same projections, by 2050, Estonia could become the most productive country in the EU, after Luxembourg, and thus join the top five most productive nations in the world. Until the early 13th century, the territory that is now known as Estonia was independent. The economy was largely an agricultural one, but Estonia being a country