Business

Estonian business stories around the world

An Estonian business idea competition offers a €150,000 prize

An Estonian business idea competition, called Ajujaht (“Brain Hunt” in English), is offering €150,000 in prize money for development of new business ideas. According to Peeter Raudsepp, the head of Enterprise Estonia that initiated the competition, now may be the best time to start a business in Estonia. “Opportunities for …

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A virtual trade mission is to introduce Estonia to American and Canadian businesses

A virtual trade mission, starting on 27 October, will introduce Estonia and its business environment, along with the country’s leading companies and startups, to American and Canadian enterprises, small and medium businesses and investors, offering help with building new connections. The virtual trade mission is arranged by the Washington, DC-based …

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The Estonian president, Kersti Kaljulaid. Photo from the president's Facebook page.

Estonia proposes president Kaljulaid as the next Secretary General of the OECD

Estonia has proposed the country’s current president, Kersti Kaljulaid, as the Estonian candidate for the position of the Secretary General of the Organisation for Economic Co-operation and Development. On 1 October, the Estonian ambassador to the OECD, Clyde Kull, handed over the president’s candidacy documents. She will give an overview …

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Twenty most attractive employers in Estonia

CVKeskus, a leading online job searching platform in Estonia, has published its annual list of the most attractive employers in the country. CVKeskus’s 2020 survey of the most attractive employers is based on the responses of 5,699 employees. The Estonian branch of the Swedish telecommunications company, Telia, was chosen to …

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Estonian economy contracts by 6.9 per cent in the second quarter of 2020

According to Statistics Estonia, the country’s official statistics agency, in the second quarter of 2020, the Estonian gross domestic product fell by 6.9% compared with the second quarter of 2019; the GDP at current prices was €6.4 billion. According to Robert Müürsepp, a leading analyst at Statistics Estonia, most of …

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An Estonian financial services marketplace closes a €1.1 million seed round

Cachet, an Estonian-founded financial services marketplace for online platform workers, has closed a €1.1 million seed round as it prepares to expand its service offering from rideshare platforms to other fields and launch in new markets like Poland, the Nordic countries and the United Kingdom. Founded in 2018 in Estonia, …

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Startup Estonia publishes free model documents for startups

Startup Estonia and nine law firms in Estonia have created a set of free model legal documents to make life easier for the country’s startups. The package includes 22 documents and forms, most needed for startups and investors. The startup community development manager at Startup Estonia, Liisi Org, said in a statement …

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Estonian-founded startup aims to build a “pan-European” tax service

TaxScouts, a UK-based, Estonian-founded startup, has just closed a £5 million series A funding round; the company, until now operating in Britain, is launching its service in Spain and is planning to expand across Europe. TaxScouts, an online tax preparation platform, was founded in 2018 by Estonians Mart Abramov and …

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