By Plenary Sessions: Aivar Sõerd

The speakers are focusing on the topics of financial regulation and real estate valuation. The representative of the leading committee strongly supports the draft legislation, which improves the regulation of derivative and repo transactions, stressing its positive impact on the competitiveness of the Estonian business environment. The questioner expresses caution regarding the adequacy of the statistical real estate valuation model in conditions of dispersed settlement. The political framework is clearly policy- and results-based, focusing on improving regulation.

The speaker strongly opposes Bill 594 (the lowering of excise duty and VAT on fuels), as it is predicated on the false premise of a sharp increase in energy prices, even though oil prices have dropped back to 2021 levels. This stance is strictly policy- and fact-based, highlighting the bill's lack of financial backing and its conceptual flaws. The speaker points out that the proposed amendments would result in a loss of budgetary revenue amounting to over 200 million euros annually by 2027.

The political focus centers on the nation's economic performance and the investment climate, which is structured around results-based metrics. The speaker highlights with concern that Estonia has drifted away from its goal of reaching 110% of the EU average labor productivity. This position is strongly geared toward improving economic indicators and boosting the investment confidence of businesses. He criticizes the illusory growth in wealth, which is attributable to inflation rather than genuine productivity gains.