Estonian Presidency was roughly 11 million euros cheaper than expected

06.04.2018 | 17:05

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The cost of organising the Estonian Presidency of the Council of the European Union turned out to be 10.7 million euros lower than initially planned.

“Today, we can say that organising the Presidency cost 68.1 million euros and compared to the original budget, a sum of 10.7 million euros was saved,” said Piret Lilleväli, head of the organising team of the Presidency of the European Union.

The planned budget for the Presidency for the period 2014–2019 was 74.8 million euros plus four million euros allocated to organising the Tallinn Digital Summit. According to Lilleväli, a significant amount of money was saved by moving the Presidency forward, which reduced the duration of long assignments abroad. Events were also organised at a lower cost than planned and the sponsors who were involved supported the Presidency with 1.5 million euros.

Furthermore, it was possible to organise additional events and reduce the expenses covered by Estonia by involving co-funding from institutions of the European Union in the amount of 4.9 million euros. More than 50 of the events organised in Estonia, including 32 conferences, were largely or even fully funded by institutions of the European Union.

In total, approximately 27 thousand foreign visitors, about a thousand of whom were journalists, attended events related to the Estonian Presidency in the second half of 2017. The visitors to Estonia are estimated to have spent a total of 7.3 million euros on consuming products and services.