Posts tagged as KredEx

Government green-lights KredEx-Enterprise Estonia merger

Thursday, June 3, 2021

The government has followed through on its plan to merge the state credit agency, KredEx, with Enterprise Estonia (EAS), a body which concentrates on innovation, trade, foreign investment and the e-state. The merger was already decided on at the end of April, while the government officially endorsed the move Thursday, BNS reports. The merger is expected to save over €140,000 in 2021 alone, at a time when the Reform/Center coalition…

Minister: KredEx and Enterprise Estonia likely to be merged

Saturday, April 24, 2021

The government says it plans to merge two of its state agencies which deal primarily with business and trade. State credit agency KredEx, and Enterprise Estonia, which focuses on innovation, trade, foreign investment and the e-state, are the two bodies set to be made one, public administration minister Jaak Aab (Center) said Friday. “According to substantive analysis, this shape of things emerges. Whether one roof should be set up and…

Estonian Minister: Kredex measures to open on April 5

Thursday, March 25, 2021

Under current plans, the Kredex measures will open on April 5, Estonia’s Minister of Entrepreneurship and Information Technology Andres Sutt (Reform) said at the government’s press conference on Thursday. The government on Thursday endorsed a decision whereby the deadline for the use of the resources from last year’s supplementary budget meant for funding of Kredex measures is extended until December 31 and the deadline for assuming obligations under the measures…

Finance minister: Government will draw up supplementary budget

Tuesday, March 9, 2021

Minister of Finance Keit Pentus-Rosimannus (Reform) announced that the government is planning to create a supplementary budget that will among other things extend payouts of wage support and sick leave compensation. The finance minister has previously said the government prefers using the Unemployment Insurance Fund, the government’s reserves, EU crisis support funds, Enterprise Estonia and state credit body KredEx to a supplementary budget, but the Ministry of Finance will now…

State secretary tasked with Porto Franco inquiry committee

Thursday, January 14, 2021

The government has tasked state secretary Taimar Peterkop with setting up a committee of inquiry into the circumstances of a loan granted to a Tallinn real estate development by state credit agency KredEx. Revelations Tuesday that KredEx was subject to a security services investigation, with the Center Party’s secretary-general named one of five suspects, directly led to Jüri Ratas’ resignation as prime minister. The state secretary heads up the government…

Estonia: KredEx approves Alexela’s €37 million loan

Tuesday, October 27, 2020

Fuel company Alexela Varahalduse AS and state credit body KredEx reached an agreement for a coronavirus loan of €37 million, allowing the company to maintain more than 500 jobs at oil shale producer Kiviõli Keemiatööstus, managed by Alexela Group. Alexela group CEO Andreas Laane said via press release Tuesday morning: “The greatest satisfaction comes from the knowledge that as an employer, we can maintain the jobs and household stability of…