Estonia is considered to be one the Europeâ€™s trade friendly economies. However, despite being friendly to investors, there is a lot of government intervention. Further, there is a number of government owned organizations. Besides, the government has carried out a number of privatization programs. An example of such a program is the sale of shares in Tallinna Vesi in 2001. It is a water utility company. Another example of privatization is U.S. and British-backed Baltic Rail Services in 2000 (Kramer 1). The central bank of Estonia is independent of the operation of other government organizations. Further, it cannot be held liable for the financial obligations of the government. However, it can provide advice to the government (Eesti Pank 1).
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