Tallinn is in the process of forming an economic growth council as outlined in the coalition agreement of the Centre Party and Isamaa, signed at the beginning of December. Mayor Peeter Raudsepp has indicated that the council will have specific objectives aimed at reducing bureaucracy and accelerating planning processes to invigorate the city's economy. The council is not exclusively reserved for non-political individuals, signifying that while expertise is crucial, political representation may also play a part in its formation.

Since last year, a similar council composed of entrepreneurs has been operating under the government's office, focusing on identifying ways to decrease bureaucracy across Estonia. The establishment of Tallinn's council will mirror this initiative, with a clear emphasis on catering to the local economic context and the needs of the capital's business community. Initial meetings have already taken place to lay the groundwork for this new body, although the specific membership is still to be determined.

The formation of this council represents a proactive approach from Tallinn's government to enhance economic performance amidst prevailing challenges. By streamlining processes and fostering collaboration between business leaders and political figures, the city aims not only to stimulate growth but also to adapt more swiftly to changing economic demands and improve overall governance in economic matters.