FinanceEstonia proposes solutions for enlivening the Estonian economy
These recommendations encompass activities from public and private sector with the aim to boost Estonian economy. Noted actions will bring benefits to both corporations and citizens.
FinanceEstonia has introduced these proposals to the Estonian Ministry of Economic Affairs and Communications and to the Ministry of Finance. For further analysis and implementation of specific activities the team of specialists from Ministry of Finance and FinanceEstonia has been formed.
Priit Põldoja, the Head of the Board of FinanceEstonia comments, “The functional capital market is of imminent importance to the economy, while it expands financing options and offers additional investment opportunities to individuals and corporations.”
Small- and mid-sized enterprises’ ability to access financing independently and smoothly increases the number of new business projects and assists their international expansion. This, on the other hand, creates new jobs and increases the value created in the economy.
The saving and investment opportunities for Estonian individuals and corporations need to expand beyond bank deposits. The objective is to restore quality bond and stock markets which enable alternative investment options. FinanceEstonia considers partial listing of public corporations on the local stock exchange market and increased pension fund investments into the local economy as prerequisites for enlivening the capital markets.
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