The European Commission has approved the implementation plan for structural subsidies for Estonia for the period 2021-2027, the Ministry of Finance says. The aid totals €3.37 billion and focuses on energy efficiency and a 'smarter Estonia'.
Sven Kirsipuu, Ministry of Finance undersecretary for fiscal policy, told ERR that the 4 percent interest rate of long-term Estonian government bonds is the result of Russia's war in Ukraine and a shift in the global economic situation, adding that many investors were no longer interested in Baltic bonds at all.