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08.12.2016|Ministry of Finance

EIB provides EUR 400m to support strategic investments in Estonia

The European Investment Bank (EIB) and the Estonian Ministry of Finance have signed the second tranche – worth EUR 400 million – of the co-financing facility for Estonia to support investments in research and innovation, sustainable transport infrastructure, and promoting the development of SMEs....
26.10.2016|Ministry of Finance

Regulation will allow for opening bank accounts without visiting branches

Minister of Finance Sven Sester has signed a regulation that will allow banks to open current accounts for Estonian residents and e-residents without the need for the customer to visit a bank branch.
22.09.2016|Ministry of Finance

Regulation will allow for opening bank accounts without visiting branches

Estonian residents and e-residents will be able to open current accounts without visiting bank branches according to a draft regulation of the Minister of Finance.
15.09.2016|Ministry of Finance

Estonian economic growth to be supported by increasing investments

According to the forecast of the Ministry of Finance, the economy of Estonia will grow 1.3 percent this year and 2.5 percent in 2017.
26.08.2016|Ministry of Finance

Cabinet eases tax rules on share options

At today’s meeting, the Cabinet discussed the proposal submitted by the Ministry of Finance to change the taxation of share options in the event of sale of the business. The taxation of share options will be made more flexible in cases where the entire business is sold to a new owner.
13.05.2016|Ministry of Finance

Sester: EBRD focuses on different needs of countries

The action plan of the European Bank of Reconstruction and Development (EBRD) for the next years, which focuses on emerging countries and economic growth, was approved at the bank’s annual meeting held in London from 10 to 12 May. Suma Chakrabarti was elected the president of the bank again.
21.03.2016|Ministry of Finance

Authorised Public Accountants Act amendments to reduce administrative burden

The Ministry of Finance has issued a draft act amending the Authorised Public Accountants Act and other acts to be circulated for approval, reducing the administrative burden for both the private and the public sector.
09.03.2016|Ministry of Finance

Georgia to Follow the Example of Estonia’s Tax System

Georgian Ambassador presented to Minister of Finance Sven Sester Georgia’s plan to take over the corporate taxation system similar to that in Estonia, i.e., to establish tax exemption on corporate reinvested profits.
17.02.2016|Ministry of Finance

Estonia has made all government sector’s accounting data available as opendata

In 2011 all local goverments’ accounting data was made available as opendata. Since the beginning of the 2016 all government sector’s accounting data has been added to State Finances application (riigiraha.fin.ee). It includes central government, NGO-s, enterprises, foundations and social security...
11.02.2016|Ministry of Finance

Economic growth stabilised in Q4

Madis Aben, analyst at the Fiscal Policy Department, Ministry of FinanceAccording to Statistics Estonia, the gross domestic product of Estonia increased by 0.7 per cent on a year-on-year basis in Q4 last year. The modest speed of growth is similar to the previous quarter and does not correspond to...

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