Estonian business stories around the world
Yet another fiasco has hit the new Estonian populist and far-right government as Kert Kingo, the new minister of foreign trade and information technology, insists speaking in Estonian on foreign trips, using an interpreter instead. Kingo, appointed to the ministerial post by far-right Estonian Conservative People’s Party (EKRE), is scheduled …
The Estonian-founded money transfer startup, TransferWise, is now the most valuable fintech startup in Europe after a new investment round that values the company at USD3.5 billion. The Estonian-founded, London-based company, raised USD292 in a round of funding, giving it a valuation of 3.5 billion US dollars. To date, the …
Estonian-founded TransferWise is now the most valuable fintech startup in Europe Read More »
The volume of online shopping that Estonian residents did in the first quarter of 2019 was up one fifth on the first three months of the previous year, according to the Bank of Estonia. Considering the experiences of other European countries and the fact that Estonian population boasts one of …
Estonian residents do more online shopping than ever before Read More »
According to Statistics Estonia, in 2018, the average monthly gross income per employee was €1,234, which is €79 euros more than in 2017; the gross income has been on the rise since 2011. The average monthly gross income per employee was highest in Harju county (€1,375) and lowest in Ida-Viru …
According to the European Policy Information Center, Estonia has gained 12 spots in the 2019 Nanny State Index, compared with the year before, and is ranked the third biggest nanny state in the European Union due to raising booze taxes. When in the 2018 index, Estonia was ranked 15th, the …
Estonia gains 12 spots, ranks third in Europe in the 2019 Nanny State Index Read More »
The Estonian ministry of finance has started a new long-term strategy process for the country and is looking for people’s help to find what words should describe Estonia in the year 2035. The ministry is looking to reach Estonians and Estonian enthusiasts all over the world and have created a …
Estonia is looking for people’s help with its 15-year long-term strategy Read More »
Estonian companies Bolt and Pipedrive have made it to the Financial Times third annual list of a thousand fastest-growing European companies. On the third place in the list is the Estonian ridesharing company Taxify, now known as Bolt, with the absolute revenue growth of 12,231% between 2014 and 2017. Bolt, …
Bolt and Pipedrive listed in the FT 1000 Europe’s fastest-growing companies Read More »
The Tallinn-based transportation platform, Bolt, formerly known as Taxify, started operations in Russia on 18 April by launching its ride-hailing services in the country’s second-largest city, St Petersburg. Bolt will offer competition in a market dominated by the Russia-based company, Yandex.Taxi. “Russia is a rapidly growing on-demand transportation marketplace. Bolt’s …
Estonian transportation startup Bolt launches in Russia Read More »
The Estonian capital, Tallinn, has a new Ferris wheel – one opened on the top of a new shopping mall on 11 April. The Ferris wheel is located on the top of the T1 Mall near the airport. It will take visitors to the height of 120 metres (394 feet) …
According to the Bank of Estonia, the country’s central bank, growth in the Estonian economy will slow in the coming years to two per cent, but the economy will continue to perform better than average. The central bank said in a news release that it would be a mistake to …