Business

Estonian business stories around the world

Tallinn Music Week’s founder advises Saudi Arabia’s first music conference

The first-ever music conference of its kind will be launched in Saudi Arabia’s capital Riyadh; Helen Sildna, the founder of the Tallinn Music Week, is one of the advisers of the event, taking place from 13 – 15 December. The event, titled XP Music Conference, is run by a diverse …

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Millennials prefer personal well-being over an international career

According to a study conducted by an Estonian researcher, Riina Koris, and her Austrian colleague, Iris Kollinger, under 40-year-olds are not necessarily motivated by careers, status, salary or other monetary benefits; instead, they assume the aforementioned are granted by default and strive for personal well-being. This article is published in …

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Estonia’s LHV bank offers its clients the opportunity to trade crypto

Estonia’s LHV bank has started to offer its clients the opportunity to trade in crypto assets, becoming the first bank in the country to do so. The bank’s clients can trade such crypto assets as Bitcoin, Ethereum or Chainlink in the LHV mobile app, the bank said in a statement. …

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Entrepreneurs launch Estonia’s first private film investment fund

Estonia-based film development and production company Tallifornia has launched the first private film investment fund in the country, with at least 15 equity investments in Estonian and foreign movie projects planned within the next four years. Initiated by start-up entrepreneur Rain Rannu, the founder of mobile payments company Fortumo, the …

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Estonia is one of the least corrupt countries in the world – index

According to the Global Corruption Index 2021, compiled by Global Risk Profile, a risk management company, Estonia is the sixth least corrupt country in the world. The fourth edition of the Global Corruption Index covers 196 countries and territories and “provides a comprehensive overview of the state of corruption around …

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Estonian fintech company Fairown secures a €4.2 million seed round, attempts to reduce waste

Estonian-based fintech company Fairown has secured a €4.2 million seed round; the company plans to invest it in advancing product subscriptions and to reduce waste. Founded in 2018, Fairown has developed a cloud-native financing platform that enables environmentally conscious brands to offer their products as services for monthly subscriptions. The …

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Estonian edtech startup Lingvist raises €5.1 million in funding

The Tallinn, Estonia-based startup, Lingvist, that aims to make language learning faster, using big data and AI, has raised €5.1 million in the latest round of funding for its language learning app. In the new funding round, Lingvist was backed by a group of investors, led by the Netherlands-based Rubio …

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Estonia has the most competitive tax system among the OECD countries – report

According to the 2021 International Tax Competitiveness Index, compiled by the Tax Foundation, an American think tank, Estonia has the most competitive tax system among the countries of the Organisation for Economic Co-operation and Development. Estonia ranks first overall on the 2021 International Tax Competitiveness Index, the same as in …

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Estonia is the world’s fastest-growing nation brand – report

According to a report by BrandFinance, a directory of brand values and company profiles, Estonia is the world’s fastest-growing nation brand. The company’s report, Nation Brands 2021, that BrandFinance calls “the annual report on the most valuable and strongest nation brands”, says Estonia recorded a 38-per cent brand value growth …

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Estonian-founded sustainable fintech company launches its investment platform

Estonian-founded sustainable fintech company Grünfin has launched an investment platform focused on value-based investments, giving European consumers easy access to what it calls “green savings that promise a greater impact on their carbon footprint than many other eco-conscious lifestyle choices combined”. Founded by two women, Karin Nemec and Triin Hertmann, …

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