Mr Andres Sutt is the Estonian Minister of Entrepreneurship and Information Technology since 26 January 2021.
He was elected to Riigikogu on March 3, 2019, as a member of the liberal Reform Party and served as a member of the Finance Committee, Anti-Corruption Committee and as the chairman of Estonia-France and Estonia-USA parliamentary groups.
Prior to his role in public office, Mr Sutt worked for 17 years in the Bank of Estonia, for the last 8 years as a Deputy Governor responsible for financial stability (2001-2009). He has extensive experience in bank restructuring and crisis management.
Mr Sutt has also worked for the European Stability Mechanism (ESM) in Luxembourg as Head of Banking (2013-2016) having joined ESM’s predecessor European Financial Stability Facility (EFSF) as Senior Advisor to the CEO of the EFSF in June 2012. Before joining the ESM, Mr Sutt was the Senior Advisor to the Executive Director and member of the Executive Board of the International Monetary Fund in Washington D.C.
In the private sector, Mr Sutt was also a Member of the Executive Board at Eesti Energia (the largest energy utility in Estonia) in charge of client services, IT and government affairs (2017-2018).
Mr Sutt continues to serve as a board member of non-profit organizations SOS Children Village Estonia, Estonian Maternity Hospitals Foundation and University of Tartu Foundation.
He has master’s degree in economics and finance (cum laude) from Tartu University, Estonia and has studied management in INSEAD, France.
How can CEE best grasp the opportunity to benefit from tech-driven growth? How can the EU Recovery plan help grow the digitalization efforts in the region? What are the most likely areas for strengthening regional cooperation in the digital area?
Digital technology is at the centre of today’s economic debate due to its wide use during the COVID-19 outbreak. While technological advancements were already changing the world over the past two decades, the pandemic has further amplified the adoption of new technologies. In the CEE region, the lockdown-induced digital acceleration was particularly visible during the first months of the coronavirus crisis, with the rate of growth of the digital economy being almost twice as high as the year-on-year change observed in 2017–2019.
Synchronized with the EU’s recovery plans and strategic priorities, it is already clear that the future growth model for CEE should be based on digital and green technologies. At the same time, the region’s digital transition is an opportunity to grow not only its economic future but also its political influence within the EU and in the transatlantic relationship.