President names Laar candidate for head of Bank of Estonia supervisory board

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Photo: Peeter Langovits

 President Toomas Hendrik Ilves on Tuesday sent to the Riigikogu a proposal nominating twice former prime minister and former minister of defense Mart Laar candidate for the post of chairman of the supervisory board of the Bank of Estonia.

The president also nominated Priit Pikamae candidate for chairman of the Supreme Court.

"A person who has withdrawn from party politics, Mart Laar, twice prime minister and one of the authors of the economic reforms that laid down the groundwork for Estonia's success, is a consistent and strong-willed person, the right person to work as chairman of the supervisory board of the central bank of Estonia, [a country] that has made it to the eurozone," Ilves said according to spokespeople.

The five-year term of the present chairman of the supervisory board of the Bank of Estonia, Jaan Männik, ends on June 12. If the appointment if approved by the Riigikogu, Laar will leave parliament.

The president described the candidate for the Supreme Court top job, Priit Pikamae, as a lawyer of the younger generation who has a very strong academic background and an extensive record as a judge. Before his appointment to the top court Pikamae worked at the Citizenship and Migration Board, at the Foreign Ministry and the Ministry of Justice, from where he proceeded to work in the Tallinn city court and circuit court. "All that combined makes a strong personal professional base that the new chairman of the Supreme Court will be able to rely upon," said the president.

The nine-year term of  Mart Rask as chairman of the Supreme Court will expire on Sept. 12 this year.