Estonia: Committees of the Riigikogu discuss foreign investments and impacts of foreign capital at public sitting

NordenBladet — The Economic Affairs Committee and the Foreign Affairs Committee of the Riigikogu (Parliament of Estonia) will today hold a joint public sitting “The results of the Estonian Research Council RITA study of foreign investments, and the impacts, bottlenecks and opportunities of foreign capital in Estonia”.

According to Chairman of the Economic Affairs Committee Sven Sester, the purpose of the sitting is to get an overview of the impact of foreign capital on Estonia’s economy. “We must make continuous efforts in Estonia to attract foreign investments and to make our country attractive for foreign investors. Today, we will get the latest information from the Estonian Research Council, which will enable us to be better prepared for discussing the bills and laws concerning the Estonian economy,” Sester said.

“Sustainable increasing of foreign investments is one of the priorities of Estonia’s foreign policy and foreign trade in the coming years,” Chairman of the Foreign Affairs Committee Enn Eesmaa said. “The volume of innovative investments into Estonia is decreasing at the moment. A survey of the role of foreign investments in Estonia’s economy helps recognise the reasons for the decrease, learn about the assessments of foreign investors and create a context for further decisions concerning Estonian economy and investment climate,” he added.

At the sitting, Professor of International Business at the University of Tartu Urmas Varblane will speak about the results of a study on smart foreign investments, Director of the Estonian Investment Agency Raido Lember will give an overview of foreign investments in Estonia, and representatives of foreign investments Katri Jürine from Ericsson Estonia Ltd and Jaanus Aal from Enics Estonia Ltd will share their experience. Deputy Secretary General for Economic Development at the Ministry of Economic Affairs and Communications Viljar Lubi and Head of the Foresight Centre Tea Danilov will also present their comments.

The representatives of the Estonian Chamber of Commerce and Industry, the Estonian Employers’ Confederation, the Estonian Service Industry Association and the Foreign Investors’ Council in Estonia are also included in the discussion.

The joint sitting of the Committees begins at 2 p.m., and it will be streamed online.

Source: Parliament of Estonia