You are here

News

05.12.2018|Ministry of Finance

Estonia Is Internationally Acknowledged for the treatment of Employee Stock Options

Estonia’s approach for employee stock options is found to be the most favourable in a comparison of 18 countries of the European Union and four other countries, according to a study by the venture capital firm Index Ventures. „Stock options offer an excellent means for startups to motivate and...
29.11.2018|Ministry of Finance

Draft Law Establishes Stricter Sanctions In Financial Sector and New Measures to Fight Money Laundering

Today, the Estonian Government approved a draft law which establishes significantly higher fines in the financial sector, introduces reverse burden of proof on suspicious assets, and makes regulations concerning providers of virtual currency stricter. According to Minister of Finance Toomas...
08.11.2018|Ministry of Finance

Statement by the Ministry of Finance Regarding the EC Reasoned Opinion

The Ministry of Finance of Estonia is of the opinion that Estonia has transposed the fourth AML Directive completely into Estonian law. We have received the Reasoned Opinion of the European Commission and will respond to it within the given two-month period. In our response we will detail how the...
25.10.2018|Ministry of Finance

The submission deadline of data regarding beneficial owners is October 30

Companies, non-profit associations and foundations must submit data regarding their beneficial owners by next Tuesday, 30 October. “Increased transparency of the business environment certainly benefits the whole of Estonian economy. Information regarding beneficial owners enables to determine...
22.10.2018|Government Office

Estonian Government Commission Proposes New Measures on Fighting Money Laundering

The Estonian Government Anti-Money Laundering Commission discussed this week new proposals on how to further strengthen the prevention of money laundering. The Head of the Commission, Finance Minister Toomas Tõniste said that one initiative that they are proceeding with is a draft law on reversing...
16.10.2018|Ministry of Finance

Digital transformation to e-procurement

The new public procurement register for Estonia will start work on October 22nd. The register supports the complete transition to a fully digital procurement process. “Estonia is at the forefront of e-procurements in the EU. More than 90 percent of all tenders are currently carried out in the...
28.09.2018|Ministry of Finance

Estonian capital markets’ report highlights room for further improvement

The Ministry of Finance of Republic of Estonia (MoF) acknowledged the key recommendations of the local capital markets diagnostic. The project was funded by the European Union via the Structural Reform Support Programme and implemented by the European Bank for Reconstruction and Development (EBRD...
06.07.2018|Ministry of Finance

EBRD to invest €20 million in Baltic infrastructure

The European Bank for Reconstruction and Development (EBRD) commits to invest €20 million into the BaltCap Infrastructure Fund (BInF). The President of EBRD, Sir Suma Chakrabarti signed the agreement today during a signature ceremony held at the Ministry of Finance of Estonia in Tallinn. With...
06.06.2018|Ministry of Finance

Estonia has been a good investment for the European Union, says Finance Minister Tõniste

Cohesion policy has helped develop in Estonia and Estonia has been a good investment for the European Union, said Toomas Tõniste, Estonian Minister of Finance, Toomas Tõniste at the opening of a seminar dedicated to the future of EU cohesion policy funding in Tallinn. “EU cohesion policy has been...
04.04.2018|Ministry of Finance

E-public procurement is continuing its triumph

Brief summary of the public procurement statistics of 2017 drawn up by the Ministry of Finance reveals that last year, a total of 10,375 public procurements were carried out, and according to the preliminary estimate, the total cost of procurements initiated last year is a little over 2 billion...

Pages