Economy of Estonia
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Oil shale (or kukersite) and limestone deposits, along with forests which cover 47% of the land, play key economic roles in this generally resource-poor country. In 1994, Estonia became one of the first countries in the world to adopt a flat tax, with a uniform rate of 26% regardless of personal income. In January 2005 the personal income tax rate was reduced to 24%. A subsequent reduction to 23% followed in January 2006. The income tax rate will be decreased by 1% annually to reach 18% by January 2010. The Government of Estonia finalized the design of Estonia's euro coins in late 2004, and is now intending to adopt the euro as the country's currency between 2011 and 2013, later than planned due to continued high inflation. In 1999, Estonia experienced its worst year economically since it regained independence in 1991, largely because of the impact of the August 1998 Russian financial crisis. Estonia joined the WTO in November 1999. With assistance from the European Union, the World Bank and the Nordic Investment Bank, Estonia completed most of its preparations for European Union membership by the end of 2002 and now has one of the strongest economies of the new member states of the European Union.
[Oil shale 
 Although the amount of pollutants emitted to the air have fallen steadily the air is polluted with sulphur dioxide from oil-shale burning power plants in northeast Estonia due the mining industry which was created by the Soviets in early 1950s. In 2000 the emissions were 80% smaller than in 1980 and the amount of unpurified wastewater discharged to water bodies was one twentieth the level of 1980. With the start-up of new water purification plants the pollution load of wastewater has decreased. Estonia has more than 1,400 natural and man-made lakes. The coastal seawater is polluted in certain locations, mainly in East-Estonia.[6] One of the main goals of long-term national development programme of fuel and energy management and goal programme of energy saving is the reduction of environmental impacts. The main tasks in the area are to raise the efficiency of energy production and transport and to use more environment-friendly fuels and reduce special consumption of energy in all branches of economy and households. There are plans to establish new power stations and to provide higher efficiency in oil shale based energy production with the concurrent and significant reduction of the harmful environmental impact via the renovation of combustion technology.[7] [See also [Notes
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