A fast-track for strategic investments would help make the Estonian state more manageable and predictable

We prepared a legal analysis of the development of a fast-track for strategic investments at the request of the Ministry of Economic Affairs and Communications. Estonia’s main challenge today is not a lack of regulation, but fragmented and time-consuming procedures. While the legislation is in place, implementation often takes years, reducing Estonia’s attractiveness as an investment destination compared to other European countries.

Economic development depends on the speed of decision-making

One of the main issues in Estonia’s economic development is whether the state can make decisions on large-scale and socially significant investments quickly enough. The purpose of the analysis was to explore options for speeding up planning and construction procedures, including targeted exceptions that would simplify the implementation of strategic investments in Estonia.

In the analysis, we propose integrated solutions in order to create an express lane for strategic investments. These include a clear definition of what qualifies as a strategic investment, a flexible planning process, parallel environmental impact assessments, and the creation of a single point of contact for investors.

European expectations have changed

At the European Union level, improving the investment environment has become a clear priority. Initiatives such as the Net-Zero Industry Act, the Critical Raw Materials Regulation, and the Defense Omnibus require member states to introduce shorter timeframes, greater procedural clarity, and a single point of contact for strategic projects.

The green transition, energy security, and technological independence require predictable and timely decision-making. This speed does not mean compromising substantive requirements, but improving the organisation and efficiency of procedures.

Our team and services

Our team was led by counsel Sandra Mikli. The analysis was prepared in collaboration with partner Paul Künnap, counsel Britta Retel, senior associates Heidi Rand-Karu and Ulrika Paavle, and associates Anu Liinsoo and Birke Vahesaar.