riigiettevõte

Riigiettevõte is the Estonian term for a state-owned enterprise. These are legal entities established by the state that operate in the public interest or for commercial purposes. The Estonian state, through various ministries or government agencies, acts as the owner or shareholder of these companies. Riigiettevõtted can operate in diverse sectors, including energy, transport, forestry, and public services. Their primary objective is often to provide essential services, manage state assets, or promote economic development, though they may also aim to generate profit. The management and oversight of these enterprises are regulated by Estonian law, and they are subject to public accountability and transparency requirements. The specific legal framework and operational principles for riigiettevõtted are defined within the Estonian Commercial Code and other relevant legislation. They play a significant role in the Estonian economy, contributing to public welfare and implementing government policy.