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The government has followed through on its plan to merge the state credit agency, KredEx, with Enterprise Estonia (EAS), a body which concentrates on innovation, trade, foreign investment and the e-state.
The merger was already decided on at the end of April, while the government officially endorsed the move Thursday, BNS reports.
The merger is expected to save over €140,000 in 2021 alone, at a time when the Reform/Center coalition is pursuing an austerity drive.
Reform s IT and foreign trade minister Andres Sutt (pictured) said: We have set the goal of legally merging the two institutions into one by the beginning of next year.
10-May-2021 Source: XTI Aircraft Company
XTI Aircraft Company (XTI) has signed a Memorandum of Understanding (MoU) with Enterprise Estonia, Estonian Aviation Cluster (EAC), and the Estonian Aviation Academy (EAVA) to recognize Estonia as a Regional Mobility hub for the TriFan 600, the world’s first civilian hybrid-electric long-range vertical takeoff and landing (VTOL) airplane.
The organizations intend to collaborate with XTI to establish a corporate presence in Tallinn, Estonia to directly serve the region.
“It’s a true honor that aviation pioneer XTI Aircraft has turned its eyes to Estonia with regards to establishing its presence in Europe.” Kristo Reinsalu, GM, Estonia Aviation Cluster
Economics affairs minister Taavi Aas (Center) has said options for young families to obtain home loan guarantees from state agency KredEx should not be curtailed. Aas made his remarks Wednesday, following a Bank of Estonia announcement that the KredEx guarantees regime – which can see borrowers obtain loans of up to 90 percent of a property s value – should be tightened up, to avoid a real estate bubble and ensuing levels of too-high household debt.
Aas told ETV news show Aktuaalne kaamera (AK) that: I do not think that we should start limiting the loan for young families now. They are still those individuals who do not have much scope in making their initial deposit, and I think that this support is extremely necessary for them.