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Economic Development Committee: the work with the Helsinki-Tallinn tunnel must continue

22. February 2018 - 14:10

Economic Development Committee of the government decided on its meeting that the analysis of the construction of the Helsinki-Tallinn tunnel and the preparation of the next steps must continue.

Prime Minister Jüri Ratas concluded discussion: “The project of the tunnel joining the two cities and countries is very ambitious and would be unique in its scale as well as its potential impact. A successful project could increase the well-being in both countries andopportunities of business cooperation, as well as boost the labour market.”

“Extensive public discussions are needed in both countries to make the best possible decision. It is also important that all steps are based on comprehensive analyses and done in excellent cooperation with our northbound neighbour. I plan to meet my Finnish colleague shortly and I also wish to discuss the issue in a joint session of the governments of the two countries before the summer; the session is planned for 7 May,” added Prime Minister Ratas.

According to the FinEst cost-effectiveness survey project results, a fast permanent link built between Tallinn and Helsinki would benefit Estonia and Finland as well as the entire Europe. The tunnel would help to develop a twin city and forge a metropolis with three million residents, ensuring the free movement of people, goods, and services.

 

High renewable energy percentage in Estonia allows participation in statistical transfers

The working group of the expert group at the Economic Development Committee introduced its proposals for organising statistical transfer of renewable energy amounts. The EU has set targets for the percentage of renewable energy from the overall energy consumption. Estonia has already exceeded the EU’s target for the end of 2020, which is 25% of the overall consumption. This allows Estonia to sell the excess renewable energy statistics to another state that has not met its targets.

“Our goal is to prepare ourselves as early as possible for the participation in the statistical commerce market for renewable energy to gain maximum benefits. The working group coordinated by the Government Office has offered specific proposals for this purpose,” said Strategy Director Henry Kattago.

The Economic Development Committee decided to take further steps to make preparations for the sale of statistical units of renewable energy – the Ministry of Economic Affairs and Communications will employ an expert on statistical transfer of renewable energy amounts. Additionally, the ministry will convene a working group for statistical transfer of renewable energy amounts, comprised of the representatives of the renewable energy sector as well as the state.


Foreign investments to be simplified, the initiative of Organic Estonia introduced

The Minister of Rural Affairs Tarmo Tamm introduced to the Economic Affairs Committee the activities and developments of the Organic Estonia initiative. Organic Estonia will aid the government in its efforts to develop the export of organic products and services.

The Minister of Justice Urmas Reinsalu made a presentation on the challenges facing foreign investors that complicate making investments in Estonian businesses from outside the European Union.

 

Background

  • The Economic Development Committee lead by the Prime Minister convenes once per month to gain an overview of the state of the economy, find solutions for issues requiring coordination across ministries, involve experts and interested parties, and engage in the development of the economic environment.
  • In addition to the Prime Minister, the Economic Development Committee includes Minister of Entrepreneurship and Information Technology Urve Palo, Minister of Education and Research Mailis Reps, Minister of Justice Urmas Reinsalu, Minister of Economic Affairs and Infrastructure Kadri Simson, Minister of Finance Toomas Tõniste, Minister of Health and Labour Jevgeni Ossinovski and Minister of Foreign Affairs Sven Mikser.
  • Other ministers participate in the committee hearings upon an invitation of the Prime Minister when the issues under discussion require their presence. The committee is supported by the Strategy Unit of the Government Office.

 

Additional information
Government Communication Unit
press[at]riik[dot]ee
valitsus.ee