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Today the Economic Affairs Committee of the Riigikogu (Parliament of Estonia) and the Expert Panel on Competitiveness operating at the Committee will give a public press conference where they will present the report on competitiveness that was recently completed.

The Expert Panel was convened last year. The result of its work is a comprehensive report “The Situation and Perspectives of the Estonian Economy. Report of the Expert Panel on Competitiveness to the Riigikogu” that discusses the future prospects, opportunities and obstacles of the Estonian economy, and outlines forward-looking economic policy recommendations.

Members of the press, You are welcome to attend the press conference where Chairman of the Economic Affairs Committee of the Riigikogu Jaak Aab and members of the Expert Panel on Competitiveness Ülo Kaasik, Priit Vahter, Kadri Männasoo and Uku Varblane will give an overview of the contents of the report and its recommendations.

The press conference will be held today at 12 noon in the Conference Hall of the Riigikogu. The press conference will be webcast live.

The report shows that changes in business models multiply the positive impact of digitalisation, and artificial intelligence also has a great potential in increasing productivity. The report also focuses on energy, highlighting new incentives to invest in Estonia brought about by the green transition, underlining the need to think about energy efficiency when valorising green electricity, and setting out that 60–80% share of renewable energy will ensure the lowest price of electricity. At the same time, Estonia’s productivity is held back by education drop-outs, mismatches between jobs and skills and excessive labour turnover.

The members of the Expert Panel on Competitiveness are Deputy Governor of the Bank of Estonia Ülo Kaasik, Professor of Applied Economics of the University of Tartu Priit Vahter, Tenured Professor of Applied Econometrics at Tallinn University of Technology Kadri Männasoo and Head of Research at the Foresight Centre Uku Varblane. Numerous experts and stakeholders, like other universities and research institutes, representatives of employers and employees as well as public authorities were also involved in the work of the Expert Panel.

The video recording can be viewed later on the YouTube channel of the Riigikogu.
Photos can later be found in the Riigikogu photo archive (author: Erik Peinar / Chancellery of the Riigikogu).

Riigikogu Press Service
Maris Meiessaar
+372 631 6353, +372 5558 3993
[email protected]
Questions: [email protected]