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13.01.2021|Ministry of Finance

Teaching financial wisdom in schools is making progress, but requires a systematic approach

A long term vision, centrally coordinated and systematic teaching, unified and easily accessible teaching materials, as well as the further training of teachers are important for teaching consistent and relevant financial wisdom, becomes apparent from the shaping of financial literacy in the...
04.01.2021|Ministry of Finance

The Estonian Financial Intelligence Unit faces rapid expansion

On 1 January, the Financial Intelligence Unit (FIU) of Estonia started functioning as an independent institution under the jurisdiction of the Ministry of Finance. Effective prevention of money laundering is very important for the Estonian government and the given field requires greater attention...
11.12.2020|Ministry of Finance

Government AML commission: virtual currency service providers need heightened attention

The Government Anti-Money Laundering Commission has discussed in detail the issue of virtual currency service providers and the future of the Estonian Financial Intelligence Unit (FIU) as an independent agency subordinate to the Ministry of Finance. Mr Veiko Tali, the secretary-general of the...
17.09.2020|Ministry of Finance

Estonia joined the Three Seas Investment Fund

The board of the Three Seas Investment Fund, yesterday confirmed that Estonia joined the fund as core investor. The Government decided to participate in the Fund in April of this year and Estonia will invest up to 20 million Euros into the Fund. "The cooperation of Three Seas countries is...
17.09.2020|Ministry of Finance

Minister Aab: Good civil service can be provided by an educated and professional civil servant

The state and municipal government institutions last year employed 27 628 civil servants, accounting for 4.2% of the total employment in Estonia. The institutions continued to restructure work in the fields, to offer a better civil service digitally, as well as in direct communication. The...
07.09.2020|Ministry of Finance

The Estonian Economy is Forecast to Grow by 4.5 per cent in 2021

According to the economic forecast published by the Ministry of Finance today, the bottom of the crisis has been overcome, and a recovery of the economy can be expected from the next year. The economic impact of the COVID-19 outbreak will remain smaller in Estonia and Northern Europe than the...
03.09.2020|Ministry of Finance

Estonia, the EU and the OECD find new ways to manage shrinking areas

Estonian experts together with OECD and European Commission will start a cooperation to find novel ways for adapting to shrinking population numbers in rural and remote urban areas. The aim of the project to be launched is to review Estonia’s current policy instruments to propose further tools, as...
31.07.2020|Ministry of Finance

Aab: The Tallinn-Helsinki tunnel is possible as a project between two states

The Estonian Minister of Public Administration, Mr Jaak Aab plans to propose to the Cabinet not to initiate the national designated spatial plan for the Tallinn-Helsinki tunnel and the artificial island. The Minister bases his proposal on the application of developer FinEst Bay Area Development OÜ...
03.07.2020|Ministry of Finance

Estonia signs an agreement with Freeh Sporkin & Sullivan for advice on investigations into past AML cases

Martin Helme, Minister of Finance of Estonia, has signed an agreement with the US law firm Freeh Sporkin & Sullivan for legal advice and representation in the United States in connection with international investigations into past AML breaches.  The law firm will be a partner for the...
18.06.2020|Ministry of Finance

Estonia fully transposes the European Union money laundering directives

The Parliament of Estonia yesterday approved the amendments to the Money Laundering and Terrorist Financing Prevention Act, which significantly enhances the current possibilities for the prevention of money laundering. The approved amendments improve the definition of money laundering, provide...

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