New bill to open up Estonian businesses to investment funds ({{commentsTotal}})


Government today approved a bill which will increase the proportion which Estonian pension funds can invest in companies not listed on stock markets from 10 to 30 percent of the fund.

Pension fund will have more freedom to invest in larger real estate and infrastructure projects and in precious metals.

The bill, if passed, will also allow pension funds to buy up more than 10 percent of any company, and buy a controlling share. Neither are currently allowed.

The bill is expected to enter force on January 1, if passed.

The changes could enliven the economy as very few Estonian companies are listed on the stock market, forcing pension funds to look abroad.

Editor: J.M. Laats

+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long

Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.