Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%BNB287.900.44%USDC1.000.01%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Estonia PM Kallas will remain, promises greater defense expenditure

Estonian Prime Minister Kaja Kallas speaks to the media as she attends the European Union leaders su... Estonian Prime Minister Kaja Kallas speaks to the media as she attends the European Union leaders summit in Brussels, Belgium March 23, 2023. REUTERS/Johanna Geron
Estonian Prime Minister Kaja Kallas speaks to the media as she attends the European Union leaders su... Estonian Prime Minister Kaja Kallas speaks to the media as she attends the European Union leaders summit in Brussels, Belgium March 23, 2023. REUTERS/Johanna Geron

Listen to the article now

On Wednesday, Estonia’s parliament approved Prime Minister Kaja Kallas’ plans to hike taxes and defense expenditure in response to perceived Russian threats.

“The ongoing war in Ukraine and Russia’s attempt to demolish the current European security standards will for the next several years place Estonia in the most challenging security scenario since World War Two,” Kallas’ new three-party coalition declared.

The prime minister’s liberal Reform party won the March general election and formed a coalition with Estonia 200 and the center-left Social Democrat Party, garnering 60 of 101 parliament votes.

The coalition claimed Estonian defense expenditure will grow to 3% of GDP by 2027 from 2.85% in 2023, while value-added tax and income tax would rise by two percentage points to balance the budget.


Comment Template

You May Also Like

Business

Starting in 2024, the IRS will lower the Form 1099-K reporting threshold to $5,000 for business transactions via payment platforms like PayPal and Venmo....

Business

The stock market saw major premarket moves on February 14, 2025. Roku and Airbnb surged on strong earnings, while Moderna and Informatica fell on...

Business

Warren Buffett’s Berkshire Hathaway trimmed its stake in DaVita amid a weaker 2025 outlook, causing an 8% stock decline. Rising costs and dialysis center...

Business

Stock futures dipped amid new trade policy shifts from President Trump, while GameStop surged on crypto investment speculation. Major retailers scaled back DEI commitments,...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok