Key Competitive Attractions
The Estonian Investment and Trade Agency is your first port of call for information and support when seeking to set up or relocate operations in Estonia.
Key Economic Facts:
- Estonia borders Finland, Latvia, Sweden, and Russia
- Half of Estonia constitutes forests
- 30% of Estonia’s population (1.34 million) lives in the capital - Tallinn.
- Estonia is one of the world’s least densely populated countries
- Since regaining its independence in 1991, Estonia’s economy has significantly transformed.
- Estonia joined the EU and NATO in 2004
Competitive Advantages:
- Estonia occupies a central position in the Baltic Region - the fastest-growing market in Europe, with over 90 million consumers.
- Political and economic stability
- Excellent infrastructure and logistical and social accessibility to major European, Baltic and Scandinavian markets.
- Low operational costs
- The Estonian government debt is one of the lowest in Europe
- Tallinn is within a 3-hour flight from key European cities
- A leader in modern ICT solutions
- Among the world’s top 25 countries for ‘ease of doing business’ (The World Bank Group).
- Low tax rates
- Low labour costs – 1/3 of the costs of labour in Sweden or Finland.
Major Companies:
- SKYPE
- Playtech
- Swedbank
- Ericsson
- Tallink Group
- ABB
- Elcoteq
Estonia can offer exceptional investment opportunities in a variety of sectors:
Estonia’s 10 universities and 25 higher education colleges constantly replenish the workforce with multi-lingual specialists in a number of disciplines, as well as providing the backbone for healthy R&D activities.
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