Business

Estonian business stories around the world

An Estonian startup offers insurance for lightweight vehicle users

As the number of accidents involving electric scooters and bicycles has increased in Estonia, an Estonian startup called Cachet has launched a “city rider insurance”. According to the startup, in the last few years, the number of lightweight vehicles and their users in Estonian cities has tripled. “In parallel, the …

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Estonia’s average salary grows 7.3% in Q2 2021

According to Statistics Estonia, the country’s statistics agency, in the second quarter of 2021, the average monthly gross wages and salaries in Estonia were €1,538, which is 7.3% higher than the year before. Gross wages and salaries were the highest in Harju and Tartu counties, and in the information and …

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Survey: Estonians don’t stay home when sick as they’re afraid of losing money

A quarter of the Estonian people have gone to work when sick during the last year as they’re afraid of a decrease in their income and don’t want to let down their colleagues at work, reveals the recent survey carried out by an Estonian insurance company. According to the Seesam …

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Business event sTARTUp Day kicks off in Tartu for the fifth time

The sTARTUp Day business event is to take place from 25-27 August in Estonia’s second-largest town, Tartu; it’s also possible to attend the event online. A total of 3,000 participants are expected, according to the organisers. “To celebrate the fifth anniversary year, more than 150 speakers will be performing, the …

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A third of Estonian startups are founded by e-residents

According to a recent analysis commissioned by Startup Estonia and the Estonian e-residency programme, almost one third of Estonian startups – 348 out of 1,200 companies from Estonian Startup Database – have been founded by e-residents; most of these startups focus on business software development and fintech solutions. The head …

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Exciting times ahead for the Estonian wine industry

For wine collectors collecting this liquid art, Estonia would currently not be on top of the list; but as with many other surprising facts about this country, an interesting and rapid expanding variety of wines are produced there, writes Joubert Odendaal, a South African-native.* The history of wine making in …

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Two Estonian founders of Wise are now billionaires

Kristo Käärmann and Taavet Hinrikus, the two Estonian founders of Wise, a money transfer company, are now billionaires after the company’s direct listing at the London Stock Exchange. Wise, formerly known as TransferWise, started trading at the London Stock Exchange on 7 July and after their first day of trading, …

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