Estonia: Insufficient data on state support to companies: audit

Data available on state financial support to Estonian companies are incomplete and thus less usable, according to an analysis by the National Audit Office (Riigikontroll), ERR reports. Märt Loite, auditor general at Riigikontroll’s analysis department, sent a note to Finance Minister Mart Võrklaev (Reform), highlighting concerns regarding the integrity and usability of the data. In the letter, Loite urged the minister to address the practical obstacles that hinder the identification of companies that have already received funds and the sources and amounts of such funds. Over the past ten years, the Estonian state has granted over EUR 4bn of support to more than 36,000 companies through various organisations. The biggest support has gone to Tallinn Airport, Eesti Raudtee, Utilitas Tallinna Elektrijaam, Elektrilevi, and Gren Eesti.