Internet giants earn tax-free millions in Estonia
The advertising volumes of Facebook and Google are increasing unstoppably, earning millions worth of advertising revenue in Estonia, on which the do not have to pay taxes. Experts point out that this situation should no longer be tolerated.
27.12.2016, Karel ReisenbukPM
State salary different by region
Work of public servants is worth up to 16 percent more in Tallinn and Harju County than it is elsewhere in Estonia, the salary scale of the state support services center reveals.
27.10.2016, Anneli AmmasPM
FinMin to look into EAS support for Ermamaa
The financial control department of the Ministry of Finance is about to open an inquiry to determine whether the decision of Enterprise Estonia (EAS) to reclaim 10 percent of the support granted to former President Toomas Hendrik Ilves' company Ermamaa was legal.
Growth to slow, while general situation remains good
While the finance ministry lowered its economic growth forecast for the eighth consecutive time in its fall economic outlook published yesterday, Minister of Finance Sven Sester said that otherwise things are good. Salaries are growing, price advance is recovering, the budget is in structural balance, the tax burden is falling. All in all, this year's budget is in a better situation than anticipated.
16.09.2016, Tõnis OjaPM
Estonian govt to cover hospital bill of citizen taken ill in Turkey
The Estonian government on Thursday decided to allocate 48,593 euros to cover the extraordinary hospital bill of an Estonian who was taken ill in Turkey and the Social Ministry is also in negotiations with the Vaatsa rural municipality for partial compensation of medical costs.
New architectural design competition to be held for building of ministries
The city of Tallinn urban planning authority has decided that a new architectural design competition must be held for the building of four government ministries to be built on the plot of the Ministry of Finance in Tallinn's city center.
FinMin forecasts 1.5 pct economic growth for 2014
After a change in the time series of the gross domestic product Estonia's 2014 economic growth could total 1.5 percent, the Ministry of Finance forecasts.
Customs to gain right to confiscate counterfeit goods on site
Estonian Ministry of Finance is seeking opinions on a bill of amendments to the Customs Act according to which lodging a traveler's declaration would become easier and customs would gain the right to confiscate counterfeit goods on site.
Econmin says followed Finance Ministry's guidelines in ferry tender
The Estonian Ministry of Economic Affairs and Communications embarked on a negotiated tendering procedure without prior publication of a tender notice in the tender for the island ferry service contract for the next ten-year period on the recommendation of the Finance Ministry.
FinMin doubts lawfulness of way ferry tender was handled
The Estonian Finance Ministry finds that the Ministry of Economic Affairs and Communications may have violated the law by awarding the island ferry service contract for the next ten-year period by a negotiated tendering procedure and as a result it may be necessary to declare the outcome invalid.
Ministry initiates bill of steep excise rise
Yesterday, Ministry of Finance came out with draft legislation on amending Alcohol, Tobacco, Fuel and Electricity Excise Duty Act and Fiscal Marking of Liquid Fuel Act whereby several excises will undergo a rise much more pronounced than currently planned, in years to come.
Editorial: bursting the hope bubble
Ministry of Finances has cut this year’s economic growth forecast for Estonia. Instead of the 3.6 per cent growth predicted in September, the ministry now expects a growth of 2.0 per cent. Behind the changes, there lay the shrinking expectations regarding export partners.
State damps down expectations
Ministry of Finance cuts economic growth forecasts from three per cent to 1.5; even so, it thinks it not prudent to enhance growth.
03.09.2013, Liina ValdrePM
Scrutiny applied to lottery lovers
Ministry of Finance would like to widen existing restrictions to classic lottery due to its increasing popularity in Estonia.
06.08.2013, Kadri InselbergPM
Tax receipts up 15 pct on year at EUR 438 mln in May
The inflow of tax revenue into Estonia's state budget grew by 14.9 percent year-on-year to 438.3 million euros in May, the Ministry of Finance said on Thursday.
Size of profit distribution breeds ill will between Ministry of Finance and Bank of Estonia
The Reform Party led Ministry of Finance wanted the central bank of Estonia to allocate €12.8m. The council of Bank of Estonia, however, decided on Tuesday to allocate a quarter of last year’s profit, €8.5m, for state budget.
08.05.2013, Andrus Karnau, PostimeesPM
Estonian audit: Ministry fails to exercise supervision over public companies, foundations
While the Public Procurement Act grants the Estonian Ministry of Finance the sole competency to exercise supervision over contracting authorities, the ministry has not exercised any supervision over tenders carried out by public undertakings and public foundations, it appears from the findings on an audit by the National Audit Office.