You are here

News

10.06.2019|Government Office

Reform plan under the aegis of the ‘Estonia 2035’ strategy to be completed in November

The government has approved the future timetable for the long-term strategy ‘Estonia 2035’, according to which the necessary reforms to be carried out under the strategy will become clear by November of this year. The strategy itself will be completed by April 2020 after negotiations with interest...
06.06.2019|Ministry of Finance

Senior Budget Officials from OECD countries meet in Tallinn

This week, senior budget officials from member states of the Organisation for Economic Co-operation and Development (OECD) met in Tallinn for their annual meeting of their international network. On 5-6 June, the OECD holds its 40th annual meeting of Senior Budget Officials (SBO) in Tallinn,...
31.05.2019|Government Office

Government approves new state budget strategy, budget discussions set to continue in the autumn

The government has approved the state budget strategy for the period 2020–2023. The combined volume of the state budgets is planned to be slightly more than EUR 48.5 billion over the next four years. In 2020, the volume of expenditure will be around EUR 11.7 billion. This is approximately EUR 500...
30.05.2019|Ministry of Finance

Draft legislation on stricter requirements for virtual currency activity licences passes first reading in parliament

The Estonian parliament has passed the first reading of a draft law that constricts regulations of issuing the activity licences of virtual currencies to service providers who purchase and sell virtual currencies as well as provide virtual wallet services. According to Minister of Finance Martin...
03.05.2019|Ministry of Finance

The granting of virtual currency activity licences is set to become tougher under the new bill

The government approved a bill to toughen the regulation on granting virtual currency activity licences to service providers active in the sale and purchase of virtual currencies or who provide virtual currency wallet services. The Minister of Finance, Martin Helme, called this a significant step...
02.05.2019|Ministry of Finance

Minister of Finance: The key to preventing money laundering is a thorough grasp of the risks

At its meeting today, the AML/CFT Committee (the Anti-Money Laundering Government Committee, and the Countering the Financing of Terrorism Committee) approved a broad national risk assessment methodology to be introduced by summer 2020. According to the Minister of Finance Martin Helme, the...
19.03.2019|Ministry of Finance

Anti-Money Laundering Centre for Strategic Surveillance and Analysis to be Established

The Government Anti-Money Laundering Commission decided that a centre for strategic analysis operated by the Financial Intelligence Unit is to be established. The Government Commission assembled on 18 March to discuss the proposals developed by expert working groups on the basis of...
28.02.2019|Ministry of Finance

Tõniste: Risk Assessments of Special Committee and Government Commission Coincide

The Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance of the European Parliament (TAX3) approved its recommendations for the achievement of a more honest and effective tax environment. The draft report, which will be submitted to the plenary session of the European Parliament...
11.02.2019|Ministry of Finance

European Parliamentary Committee Visits Anti-Money Laundering Institutions in Estonia

Estonia was visited by representatives from the European Parliament Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) on a fact-finding mission on the developments in countering money laundering in Estonia and the circumstances of the Danske Bank case. Members of the Special...
31.01.2019|Ministry of Finance

Statement regarding Nordic-Baltic financial crisis simulation, January 2019

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden as well as relevant European...

Pages