News
19.01.2021|Ministry of Finance
The Ministry of Finance will start regulating the field of crowdfunding and crypto assets
The Ministry of Finance published a draft regulation, with which are established requirements for service providers that offer investment opportunities, in crowdfunding projects or crypto assets.
"Technological innovation has brought with it new business models and services that are currently...
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...