Eesti Energia aiming to pay less dividends as energy prices drop ({{commentsTotal}})

Source: Photo: ERR

State-owned energy giant Eesti Energia wants to pay the state 62 million euros in dividends this year, instead of the planned 95 million.

The Ministry of Finance told ERR that energy prices are low and better finances would help the company meet requirements set by lenders.

The move would help the company keep finances balanced if energy prices drop further.

The plan would need government approval. Eesti Energia is the highest dividend payer of all state-owned companies and it could receive a green light for its idea as the state has collected more tax this year than predicted, meaning that the budget is more balanced.

Editor: J.M. Laats



Siim Kallas.

Interview: Siim Kallas on ambitions, Estonian politics, and EU presidency

Following the local elections in October this year, Reform Party founder, former prime minister, EU commissioner, and presidential candidate Siim Kallas took on the job of municipal mayor of Viimsi, a community on the outskirts of Tallinn. In his interview with ERR's Toomas Sildam, Kallas talks about local government, his party, the EU presidency, and perspectives in Estonian politics.

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