Estonia: President appoints new coalition government into office

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…

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Estonia: Finance Minister suggests listing RB Rail on stock exchange

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…

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Estonia: Incoming coalition plans budget cuts across all ministries

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…

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