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Riigi Kinnisvara wants to manage state real estate

Jun 28, 2001
Kairi Kurm

TALLINN - Estonia's Ministry of Finance is planning to establish a real estate company, Riigi Kinnisvara, to administer the state's real estate holdings more effectively and sell unnecessary plots.Finance Minister Siim Kallas presented legislation forming the company to the state chancellery on June 20 and it will be discussed by the government in a week.The state owns about 15,000 pieces of real estate, which are managed by different ministries and state institutions. The new company will cut ...

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