It provides for a stricter regulation concerning the advertising of consumer credit. The Act restricts information published in advertisements of consumer credit, including payment by instalments, leasing, housing loans and consumer loans. In the future, consumer credit advertisements can include only the essential information set out in legislation, such as the name of the service provider and the number of their business licence, the contact details of their place of business, an example of the annual percentage rate, a reminder to read the terms and conditions of the financial service, the term of repayment, and other similar information. The purpose of the amendments is to reduce the frequency of borrowing decisions based on a moment’s emotion, without sufficient consideration or understanding the loan conditions.

Link uudisele: Riigikogu passed the Act on Amendments to the Advertising Act

The main aims of the Act are the following: to allow for increased competition in regular services by bus and to ensure the stable quality of transport services, to improve the quality of taxi service, to specify the bases for granting travel fare concessions, to organise the regulation of the rights and obligations of a passenger and a driver of a vehicle in road traffic and to specify the competence and functions of the authorities organising public transport.

Link uudisele: Riigikogu approved the Public Transport Act