Deputy Governor of Eesti Pank Maive Rute was appointed on Wednesday as the Deputy Director-General of the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) of the European Commission. Maive Rute’s last day of work at the central bank has not yet been fixed.

“When the proposal came to join one of the most influential management teams at the European Commission, it was not an easy decision. The central bank has a constructive working atmosphere and outstanding experts in their field”, she said.

“I was very sorry to hear that Maive has decided to leave Eesti Pank. In her short but very busy time at the bank, she has managed to launch several forward-looking projects and was inspirational example to us all with her energy and her balance. I understand Maive’s choices though and her decision to take on a new challenge, and I wish her every success”, said Madis Müller.

Governor of Eesti Pank Madis Müller said that it is his job to propose a candidate for Deputy Governor of the central bank to the Supervisory Board of the bank as soon as possible.

DG GROW is one of the largest Directorates-General of the European Commission and it sets and implements many of the main policies of the European Union, covering the free movement of goods and services, industrial policy and entrepreneurship, and the various related regulations. The DG comes under the French Commissioner Thierry Breton.

Maive Rute will have responsibility for the Directorates dealing with the free movement of goods in the internal market, industrial policy and innovation, standardisation, and the main European industries, from the production of raw materials to the car industry, the chemical industry, the textile industry, the creative industries, and tourism. She worked in the same Directorate-General as Director for the Promotion of SMEs, Competitiveness and Entrepreneurship in 2005-2009.

Additional information:
Viljar Rääsk
Head of Communications
Eesti Pank
6680 745, 5275 055