Eesti in brief - 2009-04-08

  • 2009-04-08
The police are preparing for the second anniversary of the Bronze night, when capital suffered riots following the relocation of the Bronze Soldier, a Soviet WWII monument in Tallinn. Police have recently received a made to order hydro-jet machine, a piece of equipment that was badly needed during the April disturbances in 2007, when it had to be borrowed from Latvia. The machine's cost to Estonian government is about 1.8 million euro. Police have been training all year in order to be prepared for any possible disorders and ready to make everything possible to avoid the same chaos that happened two years ago, when many people were injured and one died.

Estonian pension funds are coming to a collapse. At the moment, second stage pension funds are missing part of the money that has been invested into them. Over the past seven years, more than 830 million of euros have been saved up, while the cost of pension shares today is about 705 million euro. In an effort to help cover the gap, the Estonian government discusses the possibility of freezing pension funds for two years. This would mean that funds will not receive about 38 million euro during this time. The Finance Revision Board has heavily criticized the decision, which was made by the ruling coalition. According to the Finance Revision Board, an interruption in pension payments can turn into a loss of trust and court action against the government, as people can not reject pension contract but its conditions will change.