Keep Us Strong WikiLeaks logo

Currently released so far... 97115 / 251,287

Articles

Browse latest releases

Browse by creation date

Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z

Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ETRD EAGR ETTC EAID ECON EFIN ECIN EINV ELAB EAIR ENRG EPET EWWT ECPS EIND EMIN ELTN EC ETMIN EUC EZ ET ELECTIONS ENVR EU EUN EG EINT ER ECONOMICS ES EMS ENIV EEB EN ECE ECOSOC EK ENVIRONMENT EFIS EI EWT ENGRD ECPSN EXIM EIAD ERIN ECPC EDEV ENGY ECTRD EPA ESTH ECCT EINVECON ENGR ERTD EUR EAP EWWC ELTD EL EXIMOPIC EXTERNAL ETRDEC ESCAP ECO EGAD ELNT ECONOMIC ENV ETRN EIAR EUMEM ENRGPARMOTRASENVKGHGPGOVECONTSPLEAID EREL ECOM ECONETRDEAGRJA ETCC ETRG ECONOMY EMED ETR ENERG EITC EFINOECD EURM EENG ERA EXPORT ENRD ECONEINVETRDEFINELABETRDKTDBPGOVOPIC EGEN EBRD EVIN ETRAD ECOWAS EFTA ECONETRDBESPAR EGOVSY EPIN EID ECONENRG EDRC ESENV ETT EB ENER ELTNSNAR ECHEVARRIA ETRC EPIT EDUC ESA EFI ENRGY ESCI EE EAIDXMXAXBXFFR EETC ECIP EIAID EIVN EBEXP ESTN EING EGOV ETRA EPETEIND ELAN ETRDGK EAIDRW ETRDEINVECINPGOVCS EPEC ENVI ELN EAG EPCS EPRT EPTED ETRB EUM EAIDS EFIC EFINECONEAIDUNGAGM EAIDAR ESF EIDN ELAM EDU EV EAIDAF ECN EDA EXBS EINTECPS ENRGTRGYETRDBEXPBTIOSZ EPREL EAC EINVEFIN ETA EAGER EINDIR ECA ECLAC ELAP EITI EUCOM ECONEFINETRDPGOVEAGRPTERKTFNKCRMEAID EARG ELDIN EINVKSCA ENNP EFINECONCS EFINTS ECCP ETC EAIRASECCASCID EINN ETRP EAIDNI EFQ ECOQKPKO EGPHUM EBUD ECONEINVEFINPGOVIZ ENERGY ELB EINDETRD EMI ECONEFIN EIB EURN ETRDEINVTINTCS EIN EFIM ETIO ELAINE EMN EATO EWTR EIPR EINVETC ETTD ETDR EIQ ECONCS EPPD ENRGIZ EISL ESPINOSA ELEC EAIG ESLCO EUREM ENTG ERD EINVECONSENVCSJA EEPET EUNCH ECINECONCS ETRO ETRDECONWTOCS ECUN EFND EPECO EAIRECONRP ERGR ETRDPGOV ECPN ENRGMO EPWR EET EAIS EAGRE EDUARDO EAGRRP EAIDPHUMPRELUG EICN ECONQH EVN EGHG ELBR EINF EAIDHO EENV ETEX ERNG ED
KMDR KPAO KPKO KJUS KCRM KGHG KFRD KWMN KDEM KTFN KHIV KGIC KIDE KSCA KNNP KHUM KIPR KSUM KISL KIRF KCOR KRCM KPAL KWBG KN KS KOMC KSEP KFLU KPWR KTIA KSEO KMPI KHLS KICC KSTH KMCA KVPR KPRM KE KU KZ KFLO KSAF KTIP KTEX KBCT KOCI KOLY KOR KAWC KACT KUNR KTDB KSTC KLIG KSKN KNN KCFE KCIP KGHA KHDP KPOW KUNC KDRL KV KPREL KCRS KPOL KRVC KRIM KGIT KWIR KT KIRC KOMO KRFD KUWAIT KG KFIN KSCI KTFIN KFTN KGOV KPRV KSAC KGIV KCRIM KPIR KSOC KBIO KW KGLB KMWN KPO KFSC KSEAO KSTCPL KSI KPRP KREC KFPC KUNH KCSA KMRS KNDP KR KICCPUR KPPAO KCSY KTBT KCIS KNEP KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KNNB KGCC KINR KPOP KMFO KENV KNAR KVIR KDRG KDMR KFCE KNAO KDEN KGCN KICA KIMMITT KMCC KLFU KMSG KSEC KUM KCUL KMNP KSMT KCOM KOMCSG KSPR KPMI KRAD KIND KCRP KAUST KWAWC KTER KCHG KRDP KPAS KITA KTSC KPAOPREL KWGB KIRP KJUST KMIG KLAB KTFR KSEI KSTT KAPO KSTS KLSO KWNN KPOA KHSA KNPP KPAONZ KBTS KWWW KY KJRE KPAOKMDRKE KCRCM KSCS KWMNCI KESO KWUN KPLS KIIP KEDEM KPAOY KRIF KGICKS KREF KTRD KFRDSOCIRO KTAO KJU KWMNPHUMPRELKPAOZW KEN KO KNEI KEMR KKIV KEAI KWAC KRCIM KWCI KFIU KWIC KCORR KOMS KNNO KPAI KBWG KTTB KTBD KTIALG KILS KFEM KTDM KESS KNUC KPA KOMCCO KCEM KRCS KWBGSY KNPPIS KNNPMNUC KWN KERG KLTN KALM KCCP KSUMPHUM KREL KGH KLIP KTLA KAWK KWMM KVRP KVRC KAID KSLG KDEMK KX KIF KNPR KCFC KFTFN KTFM KPDD KCERS KMOC KDEMAF KMEPI KEMS KDRM KEPREL KBTR KEDU KNP KIRL KNNR KMPT KISLPINR KTPN KA KJUSTH KPIN KDEV KTDD KAKA KFRP KWNM KTSD KINL KJUSKUNR KWWMN KECF KWBC KPRO KVBL KOM KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KEDM KFLD KLPM KRGY KNNF KICR KIFR KM KWMNCS KAWS KLAP KPAK KDDG KCGC KID KNSD KMPF KPFO KDP KCMR KRMS KNPT KNNNP KTIAPARM KDTB KNUP KPGOV KNAP KNNC KUK KSRE KREISLER KIVP KQ KTIAEUN KPALAOIS KRM KISLAO KWM KFLOA
PHUM PINR PTER PGOV PREL PREF PL PM PHSA PE PARM PINS PK PUNE PO PALESTINIAN PU PBTS PROP PTBS POL POLI PA PGOVZI POLMIL POLITICAL PARTIES POLM PD POLITICS POLICY PAS PMIL PINT PNAT PV PKO PPOL PERSONS PING PBIO PH PETR PARMS PRES PCON PETERS PRELBR PT PLAB PP PAK PDEM PKPA PSOCI PF PLO PTERM PJUS PSOE PELOSI PROPERTY PGOVPREL PARP PRL PNIR PHUMKPAL PG PREZ PGIC PBOV PAO PKK PROV PHSAK PHUMPREL PROTECTION PGOVBL PSI PRELPK PGOVENRG PUM PRELKPKO PATTY PSOC PRIVATIZATION PRELSP PGOVEAIDUKNOSWGMHUCANLLHFRSPITNZ PMIG PREC PAIGH PROG PSHA PARK PETER POG PHUS PPREL PS PTERPREL PRELPGOV POV PKPO PGOVECON POUS PGOVPRELPHUMPREFSMIGELABEAIDKCRMKWMN PWBG PMAR PREM PAR PNR PRELPGOVEAIDECONEINVBEXPSCULOIIPBTIO PARMIR PGOVGM PHUH PARTM PN PRE PTE PY POLUN PPEL PDOV PGOVSOCI PIRF PGOVPM PBST PRELEVU PGOR PBTSRU PRM PRELKPAOIZ PGVO PERL PGOC PAGR PMIN PHUMR PVIP PPD PGV PRAM PINL PKPAL PTERE PGOF PINO PHAS PODC PRHUM PHUMA PREO PPA PEPFAR PGO PRGOV PAC PRESL PORG PKFK PEPR PRELP PREFA PNG PGOVPHUMKPAO PRELECON PINOCHET PFOR PGOVLO PHUMBA PRELC PREK PHUME PHJM POLINT PGOVPZ PGOVKCRM PGOVE PHALANAGE PARTY PECON PEACE PROCESS PLN PRELSW PAHO PEDRO PRELA PASS PPAO PGPV PNUM PCUL PGGV PSA PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PGIV PRFE POGOV PEL PBT PAMQ PINF PSEPC POSTS PHUMPGOV PVOV PHSAPREL PROLIFERATION PENA PRELTBIOBA PIN PRELL PGOVPTER PHAM PHYTRP PTEL PTERPGOV PHARM PROTESTS PRELAF PKBL PRELKPAO PKNP PARMP PHUML PFOV PERM PUOS PRELGOV PHUMPTER PARAGRAPH PERURENA PBTSEWWT PCI PETROL PINSO PINSCE PQL PEREZ PBS

Browse by classification

Community resources

courage is contagious

Viewing cable 06TALLINN568, TREASURY UNDER SECRETARY ADAMS STUDIES ESTONIAN

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs

Understanding cables
Every cable message consists of three parts:
  • The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
  • The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
  • The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.
To understand the justification used for the classification of each cable, please use this WikiSource article as reference.

Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #06TALLINN568.
Reference ID Created Released Classification Origin
06TALLINN568 2006-06-15 08:07 2011-08-25 00:00 UNCLASSIFIED//FOR OFFICIAL USE ONLY Embassy Tallinn
VZCZCXRO9675
PP RUEHAST
DE RUEHTL #0568/01 1660807
ZNR UUUUU ZZH
P 150807Z JUN 06
FM AMEMBASSY TALLINN
TO RUEHC/SECSTATE WASHDC PRIORITY 8737
INFO RUEHZL/EUROPEAN POLITICAL COLLECTIVE
RUEATRS/DEPT OF TREASURY WASHDC
UNCLAS SECTION 01 OF 02 TALLINN 000568 
 
SIPDIS 
 
SENSITIVE 
SIPDIS 
 
E.O. 12958: N/A 
TAGS: ECON ETTC PREL EUN EN
SUBJECT:  TREASURY UNDER SECRETARY ADAMS STUDIES ESTONIAN 
ECONOMIC REFORM MODEL 
 
 
TALLINN 00000568  001.2 OF 002 
 
 
1.  (U) Summary: In a June 12 visit to Estonia, Treasury 
Under Secretary for International Affairs Timothy Adams 
met with Finance Minister Aivar Soerd, Central Bank 
Governor Andres Lipstok and representatives of the 
American Chamber of Commerce.  He also hosted a 
roundtable discussion with leading reformers who managed 
Estonia's successful post-Soviet economic transition. 
Adams' trip focused on lessons the successful Estonian 
economic reform model might offer for other economies in 
transition, but it also provided an opportunity to hear 
about the challenges the Estonian economy faces moving 
forward.  End Summary. 
 
U.S. Business Community on Success and Challenges 
- - - - - - - - - - - - - - - - - - - - - - - - - 
 
2.  (SBU) In a meeting with the Estonian AmCham 
participating companies gave a broad overview of the 
Estonian tax system, which, with its flat tax and zero 
corporate tax rate on reinvested profits, is simple and 
competitive.  The companies also pointed to technological 
innovation as a reason for Estonia's rapid economic 
transformation.  They described Estonian usage of e- 
banking, electronic signatures, and e-voting as examples 
of ways Estonia is well ahead of other western states in 
terms of technology usage. 
 
3.  (SBU) The companies cited the amount of time and 
money it takes to register a business and a cumbersome 
notarial system as areas where improvement is needed. 
The companies agreed that the biggest challenge facing 
the Estonian economy in the future is labor.  A 
representative of the North Carolina-based veneer company 
Baltispoon noted that the labor shortage is causing the 
company to rethink its plans for expansion in Estonia. 
Estonian Railways CEO Chris Aadnesen said that his 
company had to increase wages for its train operators 70 
percent in a three month period.  The companies agreed 
that the GOE needed to do more to simplify immigration 
and foreign work permit procedures in order to keep 
Estonia competitive.  They also expressed concern about 
uncertainly over future Estonian tax policy, as EU 
requirements demand that Estonia give up its present 
corporate tax structure by January 2008. 
 
Minister of Finance Notes Record Growth 
- - - - - - - - - - - - - - - - - - - - 
 
4. (SBU) Minister of Finance Aivar Soerd told U/S Adams 
that the Estonian economy is seeing record growth.  The 
first quarter of 2006 showed 11.6 percent real GDP 
growth, with unemployment at seven percent and falling. 
Soerd noted that Estonian public sector debt is the 
lowest in the EU at 4.8 percent of GDP, and mentioned 
that Estonia ran a budget surplus last year of 1.6 
percent of GDP.  Soerd said the government had just 
approved a comprehensive budget strategy through 2010, 
and confirmed that Estonia's new target for entering the 
euro zone is January 1, 2008.  Adams welcomed the 
Minister's statement that Estonia planned to gradually 
graduate from the EBRD.  Adams also raised a tax issue 
faced by the USAID-funded Baltic American Enterprise 
Fund. 
 
Central Bank: Estonia Victim of its Own Success 
- - - - - - - - - - - - - - - - - - - - - - - - 
 
5. (SBU) At the Central Bank Governor Andres Lipstok 
reviewed Estonia's economic reform process, focusing on 
the creation of the currency board.  Turning to the 
present, the delegation discussed the integration of the 
Nordic-Baltic banking market and the effect membership in 
the euro would have on Estonia.  In conversation on the 
delay in Estonia's planned adoption of the euro due to 
higher-than-expected inflation, Lipstok lamented that 
Estonia was becoming a victim of its own success.  He 
called the EU's euro accession criteria "excessively 
legalistic."  Adams closed the meeting with an update on 
G-8 preparations and focused on the impact of rising 
energy prices on the world economy. 
 
Reform Roundtable 
- - - - - - - - - 
 
6. (SBU) A roundtable on Estonian reform at the Embassy 
brought together officials who shaped the Estonian reform 
policy and experience in the 1990s.  Participants 
included Vaino Sarnet, former head of the Estonian 
privatization agency; Ain Aaviksoo, chairman of Estonia's 
leading social policy think tank Praxis; Hardo Pajula, a 
 
TALLINN 00000568  002.2 OF 002 
 
 
former economic advisor to Estonian Prime Ministers; and 
Allan Martinson, a leading entrepreneur and venture 
capitalist.  All representatives agreed on three keys to 
Estonian reform success.  First, Estonia kept 
administrative reforms simple.  It introduced a flat tax 
and zero tariffs, for example, because these would be 
easy to understand and administer.  Second, Estonian 
reformers offered sufficient incentives to convince 
Estonians to endure tough reforms.  At the beginning of 
the reform process, the GOE quickly restituted 
apartments, homes, and land, while at the same time 
administering the less popular, rapid privatization of 
industry. 
 
7. (SBU) The third key to Estonian reform success was 
strategic management, or knowing what the state was not 
capable of managing effectively.  Estonia's reform 
governments recognized they lacked broad economic 
experience, so they created a currency board arrangement 
to take monetary policy out of the hands of the 
government.  For the same reason they adopted a simple, 
virtually unregulated, liberal trade policy, and put a 
balanced budget provision in the constitution.  All of 
these efforts built confidence in Estonia's economic 
policies and encouraged increased trade and foreign 
direct investment, allowing the Estonian economy to 
expand at a rapid rate. 
 
8. (U) Following the reform roundtable U/S Adams held a 
press conference which resulted in positive media 
coverage in Estonian print and television media outlets. 
 
WOS