Estonia

2023 Estonia Global Money Week

GMW NATIONAL COORDINATOR:

  • Ministry of Finance

PARTICIPATING ORGANISATIONS:

  • Estonian Banking Association (including 7 different banks), The Estonian Chamber of Enforcement Officers and Trustees in Bankruptcy, Bank of Estonia, Estonian Financial Supervisory Authority, Eesti Kindlustusseltside liit (insurance service providers association), Ministry of Finance, approx 150 schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 156

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 15 000

NUMBER OF ADULTS REACHED DIRECTLY:

  • 8 000

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • Not reported

Every year the whole month in March is dedicated to financial education In Estonia. For more than 10 years, teachers know this is the time of the year to ask for financial sector experts to come to their classes. This year more than 200 guest lectures were held, and four e-classes were recorded for schools to use in their classes later. For the third time, a financial education conference online was held and had more than 5000 participants. Some schools had 7-9 graders together to have a real conference experience and to watch it online. Furthermore, the online financial literacy game Cashy competition was held with almost 10 000 participants. For the first time, cartoon competition was held too and also visual contest about topic "What is financial literacy for me?". Seminar for teachers was organised by the central bank and the financial supervisory authority.

2022 Estonia Global Money Week

GMW NATIONAL COORDINATOR:

  • Ministry of Finance

PARTICIPATING ORGANISATIONS:

  • Estonian Banking Association, LHV, Swedbank, SEB, Coop, BigBank, Luminor, Financial Supervisory Authority, Bank of Estonia, media group Äripäev, web game Cashy, personal finance coach Jekaterina Tint, start-up Alpa Kids, Admiral Group, 100 schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 115

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 2,500

NUMBER OF ADULTS REACHED DIRECTLY:

  • 4,000

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 6,500

Throughout Money Month, which is the whole March in Estonia, there were more than 100 guest lessons both online and offline in more than 100 schools all over Estonia. Materials for schools were designed and made available to youth in all age groups between 7-19 years old. Lecturers were provided by representatives from the financial sector, CEOs of the biggest banks, enthusiastic parents, and even the Minister of Finance led one class. The month ended with a big inspirational online conference where the Money Quiz Estonian final via Kahoot! platform took place.

Two games were launched during Money Month. A web game Cashy for students age 14+, and a board game about financial literacy for primary school children.

Together with parents, a well-known financial literacy coach organised an event called "Three Financial Literacy Days for Free" which was attended by 4,000 interested adults. The programme included nine presentations. 400 feedback forms reported 90% satisfaction rate with the event.

2021 Estonia Global Money Week

PARTICIPATING ORGANISATIONS:

  • Entrepreneurship Theatre NGO with TTK University of Applied Sciences Institute of Service Economy in Mõdriku

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 2

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 24

NUMBER OF ADULTS REACHED DIRECTLY:

  • 1

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 25

Throughout Global Money Week 2021, the Entrepreneurship Theater NGO along with partners reached 24 youth from TTK UAS Institute of Service Economy in Mõdriku through several digital activities. During GMW2021, financial literacy awareness sessions were offered, targeting youth and adults, mostly through digital means. This included sessions on financial literacy, workshops and lessons. High-level discussions, seminars, and other educational sessions were organised during COVID-19 pandemic virtually. Entrepreneurship Theatre NGO organised books exhibition and distributed financial literacy books. Photos from Enterprise Theater MTÜ can be seen here.

2019 Estonia Global Money Week

LEADING ORGANISATIONS:

  • Entrepreneurship Theatre
  • Estonian Banking Association, Estonian Insurance Association, Ministry of Finance, Financial Supervision Authority, Nasdaq Tallinn, Baltic Financial Advisors Association (BFAA), Finance Estonia

PARTICIPATING ORGANISATIONS:

  • Citadele, Compensa Elukindlustus, Coop Pank, Gjensidige Kindlustus, LHV Pank, Luminor, Lääne-Viru College of Applied Sciences, Rahandusministeerium, SEB Pank, Swedbank

NUMBER OF CHILDREN REACHED DIRECTLY:

  • Not reported

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • Not reported

Entrepreneurship Theatre
For the seventh consecutive year, the Entrepreneurship Through Theatre (Ettevõtlusteater) participated in Global Money Week, this year through the 24-day GMW Countdown Challenge. The organisation encouraged children and youth from different schools to participate in the Challenge on their social media pages.

Estonian Banking Association
GMW is celebrated in conjunction with the Rahatarkuse Kuu, or national money month, in Estonia. The Estonian Banking Association, with its partners, organised financial education lessons for students, provided by representatives from banks and insurance companies. The lesson subjects included an introduction to a decision-making psychology, budget planning, and tips for investment and saving. The Ministry of Finance and the Financial Supervision Authority distributed financial literacy books to libraries, with the aim of providing readers with practical advice on money management. In total, 102 libraries received 470 books. The libraries also have “Finantsaabits” books, which were issued by the Financial Supervision Authority and the Nasdaq Tallinn Stock Exchange, which can be downloaded from the minuraha.ee website.

2018 Estonia Global Money Week

LEADING ORGANISATIONS:

  • Estonian Banking Association
  • Ministry of Finance
  • Ministry of Economic Affairs and Communications

PARTICIPATING ORGANISATIONS:

  • Bank of Estonia, Bank of Estonia Museum, BFAA, Estonian Association of Insurance Companies, FinanceEstonia, Nasdaq Tallinn, SEB, Entrepreneurship Theatre NGO, Swedbank

NUMBER OF CHILDREN REACHED DIRECTLY:

  • Not reported

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • Not reported

Estonian Banking Association
March is a Rahatarkuse kuu – a national money month in Estonia. It is a month dedicated to money matters. Together with the Ministry of Finance and the Ministry of Economic Affairs and Communications, the Estonian Banking Association organised the campaign. This year, seminars were organised in seven cities around the country, where experts shared experience and knowledge on saving and managing money. During the month, volunteers from FinanceEstonia, Estonian Association of Insurance Companies, Financial Supervision Authority, Nasdaq Tallinn, Baltic Financial Advisors Association (BFAA) organised more than one hundred financial education lessons for secondary school students. The youngsters also participated in the European Money Week “Money Quiz”. In addition, ‘Back to School’ lessons took place. This programme is a civil society initiative with objective of strengthening the cooperation between Estonian schools and the rest of the society. Guest teachers were invited to schools to provide lessons and share their experience. The Noored Kooli (Youth to School) Foundation has organised the ‘Back to School’ initiative since 2007. Swedbank is the strategic partner of the ‘Back to School’ initiative and its employees have given over 2000 lessons that mainly focus on financial literacy and have thus far reached over 40 000 students all over Estonia. This year’s focus was to encourage guest teachers to give lessons on different topics, such as financial- and digital literacy and careers. SEB Bank organised ‘Investment seminars for beginners’, a series of investment portfolio compiling workshops, where participants could be part of compiling investment portfolios by reviewing and discussing the results together. To celebrate GMW2018, Entrepreneurship Theatre NGO (Ettevõtlusteater MTÜ) joined the Week with Moneybox Challenge. The NGO offered a prize to the participant who received the most likes for their photo.

2017 Estonia Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

Entrepreneurship Theatre NGO with its partners Business Day and Lääne-Viru College of Applied Sciences celebrated Global Money Week 2017 in Estonia on 27 March to 2 April.

The theme was Learn. Save. Earn. Inspired by this theme a public lecture at the Lääne-Viru College of Applied Sciences took place with Estonian famous investor and columnist Investor Thomas.

2016 Estonia Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

DATE OF THE EVENT:

  • 15th - 16th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 200

Entrepreneurship Theatre NGO invited schools to participate in a saving-themed games competition. Entrepreneurship Theatre NGO and its partners held a competition on compiling games on the subject of saving in honor of the Week. Authors of the best works were credited and their works presented during the award ceremony at Rakvere Smart House Competence Centre on 15th March 2016.

Entrepreneurship Theatre NGO invited all primary school students to participate in the competition in three different age groups. organisers arranged board games and virtual games. 16 games were submitted to the competition and 48 contributed to the making of these games:

Winners:

  • "Eat healthily-save health", Põlula School
  • "Whole Estonia economizes", Sõmeru Primary School
  • "Bugidi-Bugidi", Rakvere Gymnasium

The winning works were rewarded with a financial award provided by the Ministry of Education and Research, Ministry of Finance, Europe Direct Lääne-Virumaa and Entrepreneurship Theatre NGO. Rakvere Smart House Competence Centre, the City of Rakvere and West-Viru County Government supported the award ceremony.

The conference day began with opening words from the organisers, then the visiting presenters, the practitioners, and followed by presentations of the contestants..

At least 6 business ideas, 4 business plans and 4 projects were presented. The first level was the category of ideas whether business or social entrepreneurship ideas, which do not concentrate on profitability but on finding a solution to the social issues. The second category was for business plans, which expected deeper market research, market analysis and financial analysis to be involved. The third category of the contest was for projects accomplished in the social-life field and were implemented. The main purpose of the conference was to offer to the local young people, including scholars of different levels, interesting, thought-provoking projects in the field of entrepreneurship and business.

2015 Estonia Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 11th – 12th of March

NUMBER OF CHILDREN AND YOUTH REACHED:

  • 300

The “Save today. Safe tomorrow” Conference was opened to all participants from around Estonia for children and youth aged 7-24 years. 17 people including students and teachers were honored during the ceremony. Many experts of the field took part in the conference “Save today. Safe tomorrow.“ Organisations participating in the celebrations included the Ministry of Environment, Redgate Capital AS, LHV Bank, Swedbank.

There were great drawings, posters, essays and videos submitted as part of the creative competition ’Save today. Safe tomorrow’. The competition was open to all participants from around Estonia for children and youth of ages 7-24 years. Many experts in the field took part in the conference. Aare Tammemäe spoke broadly of financial markets – how they effect the real economy and enterprises. He explained how the savings of a company are connected to its and the economy’s growth as a whole. Kadri Rumm explained how our choices today decide our future and elaborated on the risks of our decision-making.

On 12 March, Lääne-Viru College in cooperation with Entrepreneurship Theatre NGO celebrated the GMW2015 with the competition “Make the idea happen.”

2014 Estonia Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 11th - 12th of March

NUMBER OF CHILDREN REACHED:

  • 180

A two day entrepreneurship conference “Make the idea happen” was organised by the Entrepreneurship Theatre NGO for students during Global Money Week. "Plantest Grupp", proposed by Andre Talu, was chosen as the ‘strongest business plan’. "Find your Heart" by Mariann Kase and Maaren Tammemaa was considered the ‘best social idea’ and elected the crowd's favourite. Siim Reedo and Raul Rajang won in the ‘business idea category’ with their idea "My Best Pet". Their internet platform was decided to be the most innovative solution. The participants enjoyed the competition and requested that it be held again next year. The jury’s encouraging attitude and constructive input on the proposals encouraged many of the participants to carry on developing their business ideas and to work towards bringing them their plans to life. The winners were awarded with a mentoring session by an economy lecturer Lääne-Viru College.

Representatives of the Financial Supervision Authority, Estonian Banking Association and The NASDAQ OMX Tallinn Stock Exchange gave a presentation about different topics of financial education to 15 teachers. Financial planning and security was discussed with the teachers as well as advice on dealing with problems which arise for them as well as their students. Everyday banking services and loan possibilities were put into perspective, and saving, investing and pension plans were discussed. A financial exercise brought the day to a close.

Entrepreneurship Theatre NGO taught students of Lääne-Viru College how they can teach their peers financial skills. Participants began with a test to assess their financial knowledge and were then taught how to create a budget. Next, there was a group study on how to deal with challenges in finance, after which, study groups gathered for a creative exercise – they created a collage displaying the different stages of finance. At the end of the day they were tested on what they learnt with a fun quiz.

Students who are members of Entrepreneurship Theatre NGO in Estonia chatted with students from The King Fahad Academy in the UK in a Video Chat Café, while students from Retla Kool in Estonia connected with students from the International School Rheintal in Switzerland. Each group of students had an hour long online chat via Google Hangout where they all had a chance to share their thoughts on money, savings, budgeting, etc.

In two classes where finance was the theme, Retla Kool’s teachers taught their students about the historical use of money, and the difference between the Euro and Kroon (the former Estonian currency). The teachers from the primary school gave their students a ’Piggy bank – saving money’ lesson which has made the children aware of the importance of saving. While in the art classes (throughout the grades) a drawing competition called ’My money’ encouraged students to draw money as they wished to see it, and how they wished people would spend it. ‘The Money Tree’ was another art exercise were the students drew money trees with their dreams on it.

In Retla School, a Swedbank representative explained to the students about finance, banking and which bank accounts they can open. In a finance class students discussed what they learnt about banking during Global Money Week and discussed ’pocket money’ and why it is important to save it and not waste it. The students also learnt about budgeting, for families as well as individuals. Teachers also explained how looking after money and spending it wisely allows governments and individuals to funds many non-finance related areas such as media, theatre, and film production.

2013 Estonia Global Money Week

NAME OF THE ORGANISING ENTITY:

  • Entrepreneurship through Theatre (NGO)

PARTNERS:

  • Lääne
  • Viru Rakenduskõrgkool

DATE OF THE EVENT:

  • 21st of March

NUMBER OF CHILDREN REAHCED:

  • 90

PRESS:

  • Virumaa Teataja

“The Global Money Week Skype session helped me to better understand what is going to happen [at the Youth Summit in] Istanbul. I also saw other people who are taking part in this event. They explained their role and what they are going to do in this event. I think it was very nice to see these people and get a better insight of what is about to come. It was very interesting experience.” Kaisa Kiriland, one of the actors of the Entrepreneurship Through Theater (NGO).

Lääne-Viru Rakenduskõrgkool in partnership with Entrepreneurship Through Theater organised an event called “Make the idea happen” on the 21st of March 2013 in celebration of Global Money Week. A business competition was held where students from higher education institutions competed with others in four different subject categories: business idea, business project, marketing plan and business plan. In addition, a jury selected and awarded the most innovative idea. The audience was also able to choose their favorite participant.

During the play-seminar, the Karla school theater actors presented a series of sketches representing various situations that typically occur in an enterprise. Thus, the theater gave the young people an opportunity to see and understand challenges that are waiting them in the infancy periods of a company and during its fast growth. Youth from Estonia had the chance to talk to students in Turkey via the Global Web Chat, where they discussed their experiences with finance and bank institutions.

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