Estonian President Alar Karis has appointed into office a new coalition government headed by Kristen Michal of the Estonian Reform Party, ERR reports. Earlier, the government was overwhelmingly approved by the Estonian parliament, the Riigikogu. The coalition consists of the same three parties as the previous government of Kaja Kallas: Reform, the Social Democratic Party…
Estonia’s three-party coalition of the Estonian Reform Party, Social Democratic Party (SDE), and Estonia 200 has published its new coalition agreement, ERR reports. Under the agreement, the coalition pledges to cut the budget deficit to 3% of GDP in 2025 and 2026, and to reduce it further in 2027. The new government will raise most…
Estonia’s three ruling parties are likely to draw up a new coalition agreement by 19 July 2024, the Estonian Reform Party’s candidate for prime minister, Kristen Michal, stated, ERR reports. He said that the three parties had already agreed on the majority of the text in the most important policy areas: competitiveness, growth, public finances,…
Estonian President Alar Karis has tasked Kristen Michal of the Estonian Reform Party with forming a new coalition government, ERR reports. Michal now has 14 days to form a government. He expects a new coalition agreement to be ready by the end of this week. The coalition will consist of the same three parties as…
Estonian Finance Minister Mart Võrklaev suggested floating the company coordinating the Rail Baltica railway project, RB Rail, on the stock exchange to raise more funds amidst rising construction costs, ERR reports. Construction costs in Estonia alone are estimated at EUR 3.1bn, with EUR 1.2bn secured from EU funding. Võrklaev said that the government expected to have…
Estonia’s incoming ruling coalition has agreed to implement budget cuts across all ministries, including defence and interior affairs, ERR reports. Margus Tsahkna, chairman of Estonia 200, said that each ministry would likely face a percentage-based cut to salaries and management costs, and that no new jobs would be created. The coalition plans to extend the…
Estonia’s ruling Estonian Reform Party, Social Democratic Party (SDE), and Estonia 200 (E200) have started negotiations on forming a new coalition, ERR reports. The three parties hope to reach an agreement by the end of July 2024. The parties form outgoing Prime Minister Kaja Kallas’s coalition government. The new coalition would be led by Reform’s…
Estonia’s incoming prime minister, Kristen Michal, said that the Estonian Reform Party would not propose reducing or repealing the tax-free income threshold during upcoming talks on forming a new coalition, ERR reports. Earlier, outgoing prime minister Kaja Kallas said that Reform had suggested lowering the basic income tax exemption, but that the party’s coalition partners…
Estonia’s ruling coalition parties have agreed to introduce a new tax to fund national defence, ERR reports. Incoming prime minister Kristen Michal of the Estonian Reform Party stated that the tax would likely combine increases in VAT, income tax, and excise duties. The aim was to distribute the financial burden evenly across different societal groups,…