Riigikogu heard overview of activities of Estonian Development Fund
Today, the Riigikogu heard a speech by Chairman of the Board of the Estonian Development Fund Ott Pärna who gave an overview of the activities of Estonian Development Fund and spoke about the situation and perspectives of the Estonian economy. In Pärna’s words, the Development Fund is the driving force of ambitious enterprise and it is looking for new growth opportunities of the Estonian economy. The speaker noted that the Development Fund had carried out numerous different observations both for diagnosing the situation of the economy and for analysing the success capacity of different sectors. “On the background of international trends, we have looked at the processing industry, different niches of the services economy, the financial intermediation, health care services export and the ways to use IT more effectively than so far in view of future profit,” added Pärna. The speaker stated that our state is receiving three times less fresh money today than it used to receive in the boom years. Pärna: “90 billion has decreased to 30 billion, that is, this is the money which we earn freshly from the world or borrow or which comes to us as investments and which in its turn helps boost the domestic economy and shape the state budget. These eloquent numbers show that we have to find a new breath of life for our economy. We have to find a new essence for the economy.” Pärna stressed the importance of seeking foreign investments and expressed the opinion that that was a challenge for the Estonian diplomats. The leader of the Development Fund also pointed to the capacities of the education system. The development opportunities of the IT sphere were discussed at length.
Your feedback is important. Please share it with us!