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11.10.2019|Ministry of Finance

More specific information needed by Estonian authorities on the planned Tallinn-Helsinki tunnel

On the initiative of the prospective developer Peter Vesterbacka, Estonia’s Minister of Public Administration Jaak Aab today met the potential developers of the proposed Tallinn-Helsinki undersea rail tunnel as well as the prospective funders of the project. At the meeting, Minister Jaak Aab...
30.09.2019|Ministry of Finance

Government commission: Moneyval assessment must be taken very seriously

At the regular meeting of the Government AML/CFT Commission held on Wednesday, 25 September, the commission was given an overview of the activities of the Financial Supervision Authority, the Financial Intelligence Unit and the Prosecutor's Office in the prevention of money laundering during the...
25.09.2019|Government Office

The government approved the draft state budget for 2020

Stenbock House, 24 September 2019 – The government approved the draft state budget for 2020, with expenditures of 11.6 billion euros and revenues of 11.8 billion euros. Expenditures will increase by approximately 240 million euros and revenues by 760 million euros over 2019. According to Prime...
04.09.2019|Ministry of Finance

OECD experts help strengthen the development of the financial management of Estonia

Finance Minister Martin Helme discussed the development of the financial management of Estonia with the experts of the Organisation for Economic Co-operation and Development (OECD) on Friday. The European Commission funds two projects for the development of the financial management of the Estonian...
02.09.2019|Ministry of Finance

Government launches thorough review of state budget

The Government decided to launch a thorough review of the state budget in order to use taxpayer money as efficiently as possible. The objective of the review is to assess whether the current expenditure is justified and free up funds for dealing with the government’s priorities. According to...
28.06.2019|Ministry of Finance

Government commission: anti-money laundering measures need greater domestic attention

At its regular meeting on Wednesday, 26 June, the Estonian Government Anti-Money Laundering Commission discussed three main topics – analysis of money laundering incidents 2007-2014, further development of the legislative framework, and carrying out a domestic risk assessment in preparation for the...
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...

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