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21.02.2017|Ministry of Finance

Sester: the EU budget must contribute to growth

The Economic and Financial Affairs Council, commonly known as the Ecofin Council, approved its guidelines for the 2018 EU budget today.
20.02.2017|Ministry of Finance

Sester: Less bureaucracy is good for business

Sven Sester, the Minister of Finance of Estonia, presented to other eurozone finance ministers the experience and plans of Estonia to make business simpler: for example, using the information on wages already collected, the Tax and Customs Board for compiling official statistics would make it...
31.01.2017|Ministry of Finance

State revenue in 2016 was 7.6% higher than the previous year

According to the Ministry of Finance, a total of € 8.58 billion of revenue was received by the state in 2016, which is € 603.1 million, or 7.6%, more than the previous year.
18.01.2017|Ministry of Finance

Government approves termination of activities of county governments

At today’s cabinet meeting the Government has decided that all county government activities shall be terminated on 1 January 2018. The local tasks of the county governments shall be transferred to the local authorities and the state tasks shall be transferred to ministries and existing departments.
03.01.2017|Ministry of Finance

Important legal amendments of Ministry of Finance entering into force in 2017

Changes in taxes. People on low income can apply for income tax rebate. The application for a rebate must be submitted with the personal income tax return to the Tax and Customs Board and the rebate will be paid by 30 June. The Tax and Customs Board will pay the rebate on the basis of the income...
10.12.2016|Ministry of Finance

S&P affirms rating on Estonia at AA-, outlook stable

 The international ratings agency Standard and Poor’s has affirmed its AA- long-term foreign and local currency sovereign credit rating on the Republic of Estonia. The outlook of the rating is stable.
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.