Estonian business stories around the world
Fortumo, the mobile payments services provider, founded in Tartu, Estonia, has been acquired by the London Stock Exchange-listed mobile payments platform, Boku. Fortumo was founded in Tartu in 2007 as a spin-off of the mobile services company, Mobi Solutions, by entrepreneurs Rain Rannu and Veljo Otsason. The company offers various …
Estonian mobile payments startup Fortumo sold to Boku for $41 million Read More »
The Estonian fintech startup, Planet42, that operates in Africa and focuses on providing access to mobility to the underbanked, has raised USD2.4 million in an investment round. The seed round was led by Change Ventures. Private backers include Martin Villig (Bolt), Ragnar Sass (Pipedrive), Marko Virkebau (MeetFrank), Kristjan Vilosius (Katana …
The Estonian-founded funding and trading platform, Funderbeam, has launched its Venture Index that allows investors to track price changes of tradable equity securities on the Funderbeam Marketplace and compare its correlation against other asset classes. The Funderbeam Venture Index is a price return index reflecting changes in the market price …
Estonian trading platform launches an equity price tracking platform Read More »
The Estonian social ministry and the Unemployment Insurance Fund are to offer job mediation to those short-term foreign workers who have lost their jobs in Estonia, but have the right to continue working, in order to more flexibly match the labour supply and the need for seasonal labour. Job mediation …
Estonia to offer job mediation to short-term foreign workers Read More »
The consumer prices in Estonia dropped by 1.7% in May 2020, compared with May the year earlier, which is more than in any other country in the eurozone, according to the Bank of Estonia, the country’s central bank. Prices in Estonia also dropped by 0.7%, compared with April 2020. Prices …
Estonian consumer prices dropped in May more than anywhere else in the eurozone Read More »
The Estonian Fashion Festival took off on 10 June online, featuring three fashion shows and highlighting the work of 30 designers, with a focus on sustainability and slow fashion. All the shows this year take place without an audience and are streamed instead, broadcasted by the Estonian, Latvian and Lithuanian …
The Estonian Fashion Festival takes place online Read More »
The Estonian foreign ministry is helping the country’s companies that produce smart digital solutions to enter foreign markets by putting them in touch with useful contacts through foreign missions and a network of business diplomats. “Estonia’s e-health solutions have attracted international attention and several specific projects have found cooperation partners …
The Estonian parliament on 3 June adopted amendments to the current laws to create a digital nomad visa that would allow people to come to Estonia as a tourist and at the same time continue working for a foreign employer or as a freelancer independent of location. According to the …
A marketing stunt by the Estonian entrepreneurs is trying to sell an Estonian islet to Latvia who doesn’t have any islands of its own, saying that Estonia already has over 2,000 islands and if every Latvian invested €1, the country would have its own island to be proud of. The …
The Estonian gross domestic product fell by 0.7 per cent in the first quarter of 2020 – even before the coronavirus crisis, according to Statistics Estonia, the country’s statistics agency; the GDP at current prices was €6.5 billion. The economic growth was hindered mainly by the energy sector, mostly due …
The Estonian GDP fell by 0.7 per cent in the first quarter of 2020 Read More »
