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08.02.2016|Ministry of Finance

Estonia’s tax revenues increased by 7.3 percent last year

According to the Ministry of Finance, the state received revenues in the amount of 7.98 billion euros, which is 171.3 million euros more than last year. In comparison to 2014, the state tax revenues increased by 483.1 million euros or by 7.3 percent.  
25.01.2016|Ministry of Finance

Estonia will adopt an accrual-based state budget

The Ministry of Finance will prepare the draft state budget for the next year on an accrual basis, which is more reliable than the current cash-based budgeting and gives a better overview of how cash is used.
06.01.2016|Ministry of Finance

Important legal amendments of the Ministry of Finance that enter into force in 2016

The new Accounting Act will enter into force in the new year, which establishes simpler requirements for the preparation and publication of annual reports by micro and small companies. Micro companies will only be required to prepare main reports: a short balance sheet with the mandatory rows...
06.01.2016|Ministry of Finance

Ministry of Finance plans to draft a Covered Bonds Act

The purpose for the development of the draft of the Covered Bonds Act is to create a legal environment in Estonia that would allow banks to issue covered bonds.
05.11.2015|Ministry of Finance

The Ministry of Finance has issued a draft of the Central Register of Securities Act for coordination

The Ministry of Finance has issued the draft of the Estonian Central Register of Securities Act for coordination and approval, which will allow entrepreneurs choose the register they want to register their securities in.
19.08.2015|Ministry of Finance

GDP growth increased somewhat in Q2

Madis Aben, analyst at the Fiscal Policy Department, Ministry of Finance    According to the flash estimate by Statistics Estonia, Estonia’s annual GDP growth amounted to 1.9 per cent in the second quarter of 2015. Growth picked up compared with the previous quarter but remained below the...
18.08.2015|Ministry of Finance

Estonian parliament supported the third aid package to Greece

At its extraordinary session on the 18th of August, the Riigikogu (Parliament of Estonia) approved the draft Memorandum of Understanding between the European Commission and the Hellenic Republic. With this, Estonia agreed to approve the political agreement on the third financial assistance...
12.06.2015|Ministry of Finance

Estonian Minister of Finance Sven Sester meets with Jeroen Dijsselbloem

Sven Sester and his Dutch counterpart, Eurogroup president Jeroen Dijsselbloem, discussed the future of the Eurozone during a meeting at the Ministry of Finance yesterday.
01.06.2015|Ministry of Finance

Minister Arto Aas: public service must become more efficient

The annual report on the public service was released today, drawing summaries regarding the personnel employed by state and local government institutions and issuing recommendations for more productive management and development of officials and employees.
18.05.2015|Ministry of Finance

Manufacturing contributed most to GDP growth in the first quarter

Kristjan Pungas, analyst at the Fiscal Policy Department, Ministry of Finance  According to the flash estimate by Statistics Estonia, year-on-year GDP growth in Estonia slowed to 1.2 percent in the first quarter of the year. On the basis of existing data frome the first few months of the...