Economic Revitalization Plan
Session: 15th Riigikogu, 5th sitting, press briefing.
Date: 2025-03-19 14:01
Participating Politicians:
Total Speeches: 12
Membership: 15
Agenda Duration: 13m
AI Summaries: 12/12 Speeches (100.0%)
Analysis: Structured Analysis
Politicians Speaking Time
Politicians
Analysis
Summary
The session focused on a plan to stimulate the economy and its implementation priorities. The first question was directed to the Minister of Economic and Industrial Affairs, Erkki Keldor, and concerned specific measures aimed at increasing the competitiveness and added value of the Estonian economy, and ensuring a stable and affordable business environment even in crisis situations. Key steps outlined included a 45-point action plan, the implementation of which involves legislative and regulatory changes and cooperation with entrepreneurs; in addition, a €100 million protection fund has been created, and a €160 million large investment fund was recently opened, which over the new period will encourage significant investments in the Estonian economy. In terms of legislation, emphasis was placed on simplifying the tax environment and refraining from raising corporate income tax by 2% in order to maintain competitiveness among OECD countries and ensure business stability. Overall, the minister spoke about a broader plan to create a knowledge-based economy and to provide entrepreneurs with the simplest and clearest possible business environment.
Decisions Made 3
At the beginning of April, a roundtable session will be organized to monitor the competitiveness of the economy and the implementation of the 45-point action plan, as well as to gather feedback from entrepreneurs.
The implementation of a 2% increase in corporate income tax next year will not take place; simplification and clarity of the tax environment will remain a priority, and we will strive to maintain our leading position among OECD countries.
Development of offshore wind farms will not proceed in line with the current government's direction; the focus will be on the clean industry agreement and the development of a diverse energy portfolio to ensure a stable and affordable energy price for Estonian businesses and consumers.
Most Active Speaker
The most active speaker was Minister of Economic Affairs and Industry Erkki Keldole (pid), who spoke in several segments and directed the discussion towards economic revitalization plans and energy policy debates. His title: minister (other).
Esimees Lauri Hussar
AI Summary
A member of the Riigikogu, Vladimir Arhipov, asks the Minister of Economy and Industry Erkki Keldo for a plan to revive the economy.
Vladimir Arhipov
Profiling Fraktsiooni mittekuuluvad Riigikogu liikmedAI Summary
Vladimir Arhipov stressed that the Estonian economy contracted in the first quarter of 2021, people's living standards are deteriorating, and inflation is high, and he asked about the economic policy for the coming years and whether the situation is a crisis, referring to the Bank of Estonia's forecast, according to which this year's GDP could fall by about 0.6%.
Majandus- ja tööstusminister Erkki Keldo
AI Summary
Erkki Keldo said that in a difficult economy the government focuses on ensuring national security and improving the economy’s competitiveness with a 45-point action plan, which includes creating a €100 million defense fund and a €160 million large-investment fund, simplifying the tax environment, and developing a knowledge-based economy, and not implementing the planned 2% rise in the corporate income tax from next year, so that Estonian companies can operate safely and easily.
Esimees Lauri Hussar
AI Summary
The chair thanked and asked Vladimir Arhipov to present a clarifying question.
Vladimir Arhipov
Profiling Fraktsiooni mittekuuluvad Riigikogu liikmedAI Summary
Vladimir Arhipov asks about offshore wind farms, whether they bring benefits to Estonian consumers and whether taxpayers' money is used for the private sector, and whether, before proceeding, studies are conducted on the impact on the country's defense capability.
Majandus- ja tööstusminister Erkki Keldo
AI Summary
Although energy is not in my portfolio, I emphasize that energy is an important input to a clean industry and economy, and the European clean industry pact must ensure affordable, stable and green energy for consumers and promote investments in new production capacities in a diversified energy portfolio.
Esimees Lauri Hussar
AI Summary
The chairperson announces an additional question and asks Anastassia Kovalenko-Kõlvarti to pose the question.
Anastassia Kovalenko-Kõlvart
Profiling Eesti Keskerakonna fraktsioonAI Summary
This statement raises questions about suspicions of corruption and conflicts of interest in connection with Greenful's 39 million euros, with the participation of Tarmo Tamme and his son in a business delegation to Saudi Arabia, and asks for clarification on how the delegation was formed and why Greenful was not aware of the company.
Majandus- ja tööstusminister Erkki Keldo
AI Summary
Erkki Keldo said that he does not know Tarmo Tamme's personal business relationships and that the organization of business delegations falls under the purview of the respective authorities. He added that the Estonian government helps entrepreneurs open export markets and build connections, and he explained that three separate legal entities of the Just Transition Fund applied for support independently, and that the support accounts for less than half of the total costs, the main aim being to diversify Ida-Virumaa's economy through new production capacities, tourism services, and the development of the living environment.
Esimees Lauri Hussar
AI Summary
Chairman Lauri Hussar thanks everyone and closes the first question, and before addressing the second question Vladimir Arhipov has his hand raised; he has a question about the procedure for conducting the meeting.
Vladimir Arhipov
Profiling Fraktsiooni mittekuuluvad Riigikogu liikmedAI Summary
He emphasized that energy and the economy are closely linked, therefore he asked a question and thanked the person for the answer, but he was not satisfied with it.
Esimees Lauri Hussar
AI Summary
Chairman Lauri Hussar stressed that this is not a procedural matter and asked that, from now on, the rules for conducting the meeting be followed.