Posts tagged as Minister of Finance

Riigikogu approves draft regulation on EU recovery facility

Monday, May 10, 2021

The parliament at a sitting on Monday passed a draft regulation approving the decision of the Council of the European Union regarding a system of own resources which stipulates that the recovery plan is to be funded through borrowing on behalf of the EU. The regulation was passed with 63 votes for and 19 against. The handling of the draft resolution in the parliament had been tied to a a…

Minister of Finance: Second pillar pension reform to be launched as planned

Wednesday, October 21, 2020

The Ministry of Finance has said the second pillar pension reform will enter into force according to the previously established plan after the Supreme Court of Estonia said on Tuesday that it did not find any conflicts with the Constitution. “Today’s decision of the Supreme Court confirmed what we already knew. It is important to bring additional freedom and new choices to the second pillar to diversify collection opportunities,” Minister…

Official must be able to publicly discuss state’s problems

Thursday, July 25, 2019

Minister of Finance Martin Helme (EKRE) posted a message on social media on Wednesday criticizing Ministry of Foreign Affairs Undersecretary for European Affairs Matti Maasikas, who had expressed concerns regarding the direction of Estonia’s foreign policy. Prime Minister Jüri Ratas (Centre) in turn wrote another message on social media himself in defense of Estonia’s officials. In his post on Wednesday afternoon, Martin Helme, deputy chairman of the Conservative People’s Party…

Ministry and police officials: Border tech cheaper than staff, in long run

Wednesday, May 29, 2019

There has been consensus on constructing the border infrastructure in principle, between politicians and officials, which only saw some wavering once the costs of the project became clearer, according to Raivo Küüt, undersecretary at the Ministry of the Interior. “To achieve this [constructing the eastern border as planned], there are alternatives, but are they cheaper or sustainable in the long term, ” Kütt said, ERR’s online news in Estonian reports.…

Draft state budget for 2019 presented to the Seimas

Tuesday, October 23, 2018

Vilius Šapoka, Minister of Finance, presented draft Law No XIIIP-2715 on the Approval of Financial Indicators of the State Budget and Municipal Budgets for 2019 to the Seimas, which focuses on structural reforms in the areas of health, education, social protection, innovation, and taxes and on reduction of shadow economy. The draft submitted proposes to endorse the state budget revenue of nearly EUR 10.587 billion in state budget revenue and…

Lithuania seeks to become China‘s financial service gateway to Europe

Wednesday, July 11, 2018

In the meeting of heads of Governments of China and the Central and Eastern European countries 16+1, wherein Lithuania was represented by Vilius Šapoka, the Minister of Finance, it was agreed to establish a financial technologies coordination centre of 16+1 format in Vilnius and to organize high-level fintech conference in 2019. “On this occasion I would like to thank all 16+1 countries for their expressed evaluation of and support to…