Mart Laar, Young Estonian Statesman – Cosmos Tour
By sandra. Filed in Cosmos Jewels of the Baltic Tour, Estonia, Europe |
Mart Laar Estonian became Estonia’s Prime Minister at the tender age of 32 in Oct 1992 and held the office twice. He is credited with successful major economic reforms transforming Estonia from a Soviet way of life to a free economy.
He abolished subsidies and import duties, created a flat income tax of 26% and started social security. He made it easy to do business there. A new company could be up and running in 2 weeks. Ericsson, Nokia phones are produced here and Skype was invented in Tallinn.
His leadership helped rank Estonia as the least corrupt country in the post-communist region and the Heritage Foundation / Wall Street Journal index qualified Estonia as the most economically free in all of Europe.