News

At the Development Fund Supervisory Board meeting today the Fund's Supervisory Board members elected Raivo Vare to be Chairman.

Raivo Vare is also a member of the Supervisory Board of the Estonian Cooperation Assembly and actively participated as an expert and practitioner in the elaboration of the Development Fund's "white paper to the Riigikogu".

According to Raivo Vare, it is important that Estonia comes out of the crisis stronger. "For creating these spaces, it is necessary to work on a whole package direction of activities which ensures the state and economy success. The Development Fund has consistently and continually given its strong contribution here as well as planning strategic activities and investing into progressive technological projects. I am certain that the Estonian state continues to support such kind of activities in that direction in spite of current lightning activities derived from the crisis," commented the Development Fund's new Chairman of the Supervisory Board.

The Development Fund CEO is Ott Pärna. In addition to Raivo Vare, the Development Fund's supervisory Board consists of  the Director of the Estonian Institute for Future Studies, Erik Terk, who is also the Development Fund's Deputy Chairman

of the Supervisory Board; the Chairman of the Supervisory Board of the Bank of Estonia, Jaan Männik; the Rector of the Tallinn University of Technology, Peep Sürje; the Rector of the University of Tartu, Alar Karis; Riigikogu member Mart Laar; Minister of Finance, Jürgen Ligi and Minister of Economic Affairs and Communication, Juhan Parts.

Further information: Raivo Vare, mob: +372 503 0900