Estonia has not yet elaborated a medium-term economic strategy. The privatisation process in the manufacturing sector has been completed. Privatisation of the big utility companies has progressed further but is still to be completed in the energy sector. Further efforts to restructure companies will be needed over several years, particularly, in the food processing sector. The restructuring plan for the oil-shale industry has yet to be completed.
Land reform continues to be slow.
A medium-term economic strategy has been drawn up. A law on pension reform has been adopted but other measures need to be taken to complete the reform programme.