New Government Could List State Businesses on Stock Markets

Taavi Rõivas. Photo: Postimees/Scanpix
3/28/2014 6:00 PM
Category: Economy

New Prime Minister Taavi Rõivas said private capital could boost state companies, citing Eesti Energia's oil shale plants as an example.

He told ERR radio today that instead of loans or taxpayer money, the oil shale plants could turn to the stock market for cash injections, if the plants achieve full operation capacities.

The new right-left coalition has set a goal of analyzing the idea. Rõivas said Eesti Energia has many subsidiaries, of which some are of strategic importance, but others could be partly privatized.

He said one result of part-privatization would be a greater number of Estonian companies to invest in.


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