By Plenary Sessions: Marek Reinaas

The economic outlook strongly favors a free market economy, stressing the vital role of competition in securing the best prices and ensuring a fair market environment. The speaker is against market distortions and collusion, but simultaneously advocates for a rule-of-law approach to enforcement to protect businesses. They support providing the Competition Authority with the necessary tools for the swift restoration of the market.

Economic perspectives support a regulatory shift to electronic administration (the elimination of paper invoicing) through an accelerated procedure. Simultaneously, strong consumer protection is emphasized by placing a mandate on traders to verify consent, thereby balancing business efficiency with consumer rights.

Economic views are focused on regulatory efficiency, supporting the improvement of the Competition Authority’s work and widely involving business organizations (e.g., the Chamber of Commerce and Industry, the Estonian Employers’ Confederation). The objective is to modernize competition rules and ensure legal certainty.

Being strongly focused on innovation and export, it supports expanding equity financing via venture capital to boost startup activity. It deems productivity growth a critical objective, necessitating digitalization and automation (AI). It supports generating state revenue through service exports, such as offering prison services to foreign countries, which would generate approximately 30 million euros.