Estonia’s government debt the lowest in EU

According to Eurostat, Estonia had the lowest ratio of government debt to GDP in 2008 at 4.6%. Estonia was followed by Luxembourg (13.5%), Romania (13.6%), Bulgaria (14.1%), and Lithuania (15.6%).
In 2008 the largest government deficits in percentage of GDP were recorded by Greece (-7.7%), Ireland (-7.2%), Romania (-5.5%), the United Kingdom (-5.0%), Malta (-4.7%), Spain [...]

Estonia clocks in highest ever local election turnout at 60 pct

Sunday’s elections saw a higher voter turnout than any local elections in Estonia since the restoration of independence.
The turnout figure released by the national election authority shortly after 9 p.m. was 60.3%.
Voter turnout was highest in the capital Tallinn, where it reached 65.3%. It was also 60 % or higher in Harju County (64.3%), Jõgeva [...]

Over 100 000 people participate in e-voting

During the advance voting period for this year’s local elections that ended on Wednesday night, 236 386 votes were cast in polling stations and over the Internet, which accounts for 21.6% of the Estonian electorate.
The National Electoral Committee said 104 415 people voted electronically during the week this was possible, and in addition 131 971 [...]

2008 budget deficit was 2.7 pct of GDP

According to adjusted data of Statistics Estonia, the Estonian general government sector deficit in 2008 was 2.7% and gross debt level was 4.6% of Gross Domestic Product (GDP). General government budget’s deficit remained within the limits set out in the Maastricht Treaty.

In 2008, the total expenditures of the general government sector budget exceeded the revenues [...]

Estonia will collect 3.5 bEEK from the sale of Eesti Telekom

The state will improve its budget balance by EEK 518 mln already this year, but not all small shareholders and analysts are pleased about the state accepting the offer, Äripäev reports.
Yesterday the Ministry of Finance announced that the state has agreed in principle to sell its holding in Eesti Telekom. The price for the holding would [...]

Contact between businesses and embassies has increased significantly

Foreign Minister Urmas Paet and Estonian ambassadors residing outside of European Union nations met with representatives of the Estonian Chamber of Commerce and Industry and businesses. Estonian businesses and foreign service members are interested in increasing co-operation to promote Estonia’s economic interests abroad.
Foreign Minister Urmas Paet stated that the Foreign Ministry would like to continue [...]

46 pct of budget revenue was received by 30.06

The Ministry of Finance informs that by the end of June the budget revenue amounted to 39.4 billion kroons (i.e. 46.3% of the total budget ).
The expenditure incurred in the six months amounted to 43 billion kroons, which is 47.1% of planned expenditure.The 2009 state budget has been planned with a deficit and therefore current [...]

Supplementary state budget for 2009

Estonian Second Supplementary State Budget for 2009 improves the public sector budget position by a total of EEK 5.5 billion. Within 2009 the public sector budget position has been improved a total of EEK 16.1 billion (7.3 percent of the GDP). 
Based on the Second Supplementary Budget volume of state budget revenues of the year is [...]

Voter turnout reached 43.2 pct

According to preliminary figures, 392 494 people or 43.2% of all voters came to the polls in today’s elections to the European Parliament in Estonia.
Online voters numbered 58 669, which makes up 14.9% of the total.
The turnout was highest in the capital city Tallinn at 53.7%. In Harju County, which includes Tallinn, the turnout was [...]

Estonia signed a loan contract of 550mEUR with EIB

On May 25th the Republic of Estonia signed a loan contract of 550 million EUR with European Investment Bank (EIB). Contract was signed by EIB Vice-President Eva Srejber and acting Minister of Finance of Estonia Mr Helir-Valdor Seeder. The loan will be used to co-finance investment projects with EU funds and to finance infrastructure projects.
 
On [...]