Business

Estonian business stories around the world

Estonian unicorn Bolt requests a loan from the state

The Estonian ridesharing company, Bolt, hard hit by the coronavirus crisis, has asked the Estonian government to step in to save the company. Bolt is particularly hard hit by the current coronavirus crisis. What was previously the Europe’s third fastest growing company, has seen 85% of its turnover wiped off …

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Israel to have an oil plant based on the Estonian technology

Enefit Outotec Technology, an enterprise majority-owned by the Estonian state oil shale processing company, Eesti Energia, has signed a deal with the Israeli firm, Rotem Energy, to export Estonia’s oil plant technology to Israel. According to the contract, Rotem Energy Mineral Partnership will use Enefit’s knowhow, technology and licence to …

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Prince Harry and Meghan Markle buy a manor in Estonia

Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, have bought a manor house, once owned by a Baltic German nobleman, Johan von Benckendorff, in Estonia.* An international real estate broker, the Edinburgh-based Tartan Estates, announced on 1 April that Harry and Meghan had expanded their property portfolio …

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Viveo Health: How to provide immediate health care for yourself and your family

Viveo Health is looking to make Estonia the frontrunner in telemedicine – the distribution of health-related services and information via telecommunication technologies – while protecting people from the coronavirus. This is a paid content. Dear fellow Estonians and friends of Estonia, I wanted to share an important update with you …

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Estonian-founded AI startup to supply Walmart with its technology

The Estonian-founded startup, Pactum, an AI-based platform that helps companies to automate personalised commercial negotiations, is to supply its technology to Walmart, the US retail giant. Pactum’s artificial intelligence system enables partners to negotiate more valuable contracts for all parties while reducing costs for customers, the company said in a …

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Addressing the coronavirus crisis like the Estonian startup community

The Estonian startup community is teaming up with Mistletoe Singapore, the European Commission and other local and international supporters, to organise a 100-hour free online accelerator for startups with potential to have a strong impact on shaping today’s and the post-crisis world; the mentors include the Estonian president, Kersti Kaljulaid and the …

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Estonian government announces €2 billion stimulus package

Due to the coronavirus crisis, the Estonian government on Thursday announced it will support the local economy with a package worth at least €2 billion. “The spread of the coronavirus and its prevention measures will have a very significant impact on the economy. Taking this into account, the government today …

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Two Estonians included in the Forbes top young entrepreneurs in Europe list

The London-based fashion designer, Roberta Einer, and the Manchester-based entrepreneur, Martin Vares, are included in the “Top Young Entrepreneurs of the Forbes Under 30 2020” list. “At a time of great global uncertainty, it is hard to see beyond the doom and gloom. Fortunately, our fifth annual Under 30 Europe …

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Notarial acts can now be performed at several Estonian embassies abroad

Several Estonian embassies have joined a pilot project of distant authentication making it possible to perform notarial acts from abroad, without travelling to Estonia. The first foreign missions to provide the service are Estonian embassies in Brussels, Stockholm, London and Riga – the embassy in Helsinki will join the pilot …

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Report: Estonia ranks 10th out of 128 countries on the rule of law

According to the World Justice Project Rule of Law Index 2020, Estonia ranks 10th out of 128 countries on the rule of law. The Rule of Law Index is an annual report based on national surveys of more than 130,000 households and 4,000 legal practitioners and experts around the world. …

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