riigivara

Riigivara is the Estonian term for state property. It encompasses all assets owned by the Republic of Estonia, which are managed and utilized by the state to fulfill its public functions. This includes a wide range of tangible and intangible assets. Tangible riigivara consists of immovable property such as land, buildings, and infrastructure, as well as movable property like vehicles, equipment, and natural resources. Intangible riigivara includes intellectual property, state secrets, and financial assets such as shares in companies.

The primary objective of managing riigivara is to ensure its efficient and effective use for the benefit of society. The Estonian state is responsible for the administration, protection, and disposition of these assets. This management is typically carried out through various government ministries, agencies, and state-owned enterprises. The legal framework governing riigivara is established by Estonian law, primarily the Riigivaraseadus (State Property Act), which outlines the principles of acquisition, management, use, and disposal of state assets.

The concept of riigivara is crucial for the functioning of the state, as these assets are used to provide public services, implement government policies, and support economic development. The transparency and accountability in the management of riigivara are important aspects to prevent misuse and ensure that state property contributes to the public good. Disposal of state property, such as through sale or lease, is conducted according to specific procedures to maximize economic benefits and uphold public interest.