11.00 Opening of the conference

11.10–13.30 PANEL 1: MARKET ECONOMY AND FINANCIAL CRISIS

Johnny Munkhammar, analyst, author and commentator
“Are Crises Required for Radical Reforms?”
In his presentation, Mr Munkhammar analyses the causes of the financial crisis that has hit the world and points out that sustained economic development is only achieved through reforms and decisive reduction of state regulation.

Siim Kallas, Vice-President of the European Commission
“Market Economy – Past or Future?”
In his presentation, Mr Kallas analyses the role of the market economy in today’s world – does market economy as an economic model belong in the past or in the future; what is the role of the state in market economy and how do concepts such as justice, security, ethics, and fair competition associate with the market economy.

Bo Lundgren, Director General of the Swedish National Debt Office
“How to tackle a financial crisis: The case of Sweden in the 1990s”
Are there any similarities between the Swedish banking crisis in the 90's and the current situation. How was it handled back then and how could it be done in the presence? What is going to happen to Swedish banks? This is the main question in Estonia today. People fear for their savings - rumors of banks collapsing are moving around.

Discussion: Whose Era Will Start After the 2008 Crisis?
Rain Tamm, Managing Partner in Gild Bankers; Andres Sutt, Deputy Governor of Bank of Estonia; Bo Lundgren, Director General of the Swedish National Debt Office; Siim Kallas, Vice-President of the European Commission; and analyst Johnny Munkhammar will discuss, in which direction the world economy is heading to and what role do the European Union and Estonia as a part of it have. Which forecasts should we trust and which not? Where do the roots of the crisis lie and what are the key questions we need to answer in order for Estonia, a successful small country that up until now has been known for its quick reforms, to emerge victorious from it?

13.30–14.20 LUNCH

14.20–15.50 PANEL 2: FREE BUSINESS ENVIRONMENT – GAS OR BRAKE PEDAL OF THE STATE?

Rein Lang, Minister of Justice of the Republic of Estonia
“Hello enterpreneur!”
In his presentation Mr Lang will seek an answer to the question of how to transform Estonia into a successful business hub and which specific steps the state must take in order to establish a necessary legal and economic framework for that.

Viljar Arakas, CEO of Eften Capital
“The Nokia of Progressive Youth – Estonia of Businessmen”
In his presentation Mr Arakas discusses today’s economic environment from the point of view of a modern leader – how to attract smart enterprises and entrepreneurs; is the free market sustainable in Estonia? What does a progressive leader expect from the government? How to satisfy the conditions for the euro?

Terry Miller
“Is Economic Freedom Still the Answer?”
In his presentation, Mr Miller will introduce the principles and procedures of forming the economic freedom index and analyses the situation in the US economy in general and its impact on Europe.

15.50-16.10 BREAK

16.10-17.10 PANEL 3: INNOVATION IS NOT A TECHNICAL BUT AN ECONOMIC CONCEPT

Pekka Roine, lookout and company pilot
“The Only Obstacle to Innovation Is Wrong Policy Chosen by the State”
In his presentation, Mr Roine will describe, based on his extensive experience in business management spanning from Helsinki to Silicon Valley, how countries as well as enterprises will get better results with the help of innovation. How to find new winners? Mr Roine will introduce fine examples from Israel and elsewhere, how innovative decisions in public policy can bring success to a small country.

Discussion: “Opportunities of Markets that Are Open to Innovation”
Rein Raud, Rector of Tallinn University, Sten Tamkivi, the General Manager of Skype Estonia, and cosmopolitan businessman Pekka Roine will discuss, which innovation policy will lead the entrepreneur to innovation, which in turn will incite the whole economy. What is a innovative business activity? How to make the best use of people’s individual creativity? What kind of environment does a creative and innovative idea need to be put in practice?

17.10-17.30 CLOSING REMARKS OF THE CONFERENCE: WHAT’S TO COME?

Andrus Ansip, Prime Minister of the Republic of Estonia
“What's to come, Estonia?” In his presentation, Mr Ansip, the Prime Minister of Estonia and the Chairman of the Estonian Reform Party speaks about the main challenges Estonian economy is about to face, and presents his vision of the necessary steps that need to be taken. Which decisions are best for Estonia in today’s situation?

20.00 Reception in Restaurant Gloria