Estonia concluded agreement for the protection and facilitation of investments with Belarus

Foreign Minister Urmas Paet stated that the Foreign Ministry would like to support Estonian entrepreneurs in finding new markets and increase the security of Estonian entrepreneurs. “The agreement concluded between Estonia and Belarus today for the facilitation and reciprocal protection of investments helps to increase the feeling of security for entrepreneurs,” stated the foreign minister. [...]

Minister wants to bring Asia’s air transit to Tallinn

Export and investment plan “Made in Estonia” intends to make Tallinn Airport a hub to Asian aviation companies, Eesti Päevaleht reports.
Juhan Parts, the Minister of Economic Affairs and Communications sent an additional application together with 2010 budget, wanting the state to donate security service.
“It’s really specific method to lower airport fees without bankrupting airport. I [...]

Government hoping to attract investments to N-E Estonia

The Estonian government is planning to establish an industrial park of thousands of hectares in size in the north-eastern East Viru County, by which it is hoping to attract billions of kroons’ worth of investments to the area and create thousands of jobs, the daily Postimees wrote.
According to the bill, born in the Ministry for [...]

It’s better to do business in Estonia than in Japan or France

The business climate in Estonia is better than in Japan, France of Portugal, according to the magazine Forbes, Postimees.ee reports.
For the fourth year Forbes listed countries where it’s best to make business. It appears from there that although Estonia has dropped seven places in a year, the business climate in Estonia is still better than [...]

Foreigners can register company through a website

The Company Registration Portal can now be used to found companies by holders of Portuguese, Lithuanian and Belgian ID cards. Finland will soon join this list.

Minister of Justice Rein Lang says that this is probably the first time anywhere in the world that one country’s register has officially accepted the national ID cards of other [...]

Recession is reducing the company investments

According to Statistics Estonia, in the 3rd quarter of 2008 compared to the same quarter of the previous year, enterprises’ investments in fixed assets decreased about 18%.

In the 3rd quarter of 2008, enterprises invested about 9 billion kroons in fixed assets, which is about 2 billion less than a year ago. When in the 1st [...]

BBN: SAS pressures government into selling its shares in Estonian Air

 SAS Group that owns 49 percent of Estonian Air is ready to inject more capital into the airline only if it gets the Estonian government’s 34 percent holding.
Äripäev has obtained a copy of a letter signed by Mats Jansson, President and CEO, where SAS Group says that it could participate in a new capital injection [...]

Estonian minister invites foreign investors to second round

Since transitional period to next growth cycle is the best time for investing, Juhan Parts, Estonian Minister of Economic Affairs invites foreign investors to the second round, aripaev.ee mediates New European Economist.
After couple of years doubled economic growth Estonian economy faces cooling and blooming of domestic economy is ending, writes Parts in the article.
“Still it is [...]

fDi ranks Tallinn second in Europe by economic potential

fDi Magazine has ranked Estonian capital Tallinn second in Europe in economic potential just behind Luxembourg and ahead of Paris and London.
Äripäev wrote that fDi that is part of the Financial Times Group ranked Vilnius 8th and Riga 9th by economic potential.
By separate categories, Tallinn was 9th by cost effectiveness and third among small European [...]

Foreign investors presented their proposals to the government

Foreign Investors Council in Estonia (FICE) submitted the Estonian government their suggestions about Estonia’s economic growth and employment plan for 2008-20011 in which they noted that increasing effectiveness should be the most important topic.
FICE is a lobby group formed on Aug 2008 acting through contacts with the Estonian government and Estonia’s governmental bodies. Before this organization was [...]