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Estonian business stories around the world

Estonia jumps in the world talent ranking from 27 to 19

According to the World Talent Ranking index, compiled by a Swiss business school, Estonia has jumped from the 27th place in the previous ranking to 19th in the 2020 report. The World Talent Ranking, compiled by the International Institute for Management Development, a business education school located in Lausanne, Switzerland, …

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Tartu’s business event sTARTUp Day to feature world-class participants

The annual business event, sTARTUp Day, is to take place in a hybrid form from 25-27 August 2021 in the town of Tartu and it’s going to feature world-class participants sharing their experiences on four stages. According to the organisers, the festival brings to the stage over a hundred speakers …

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Estonian-founded artificial intelligence platform Pactum raises USD11 million

Pactum, the Estonian-founded artificial intelligence platform that enables companies to automate personalised commercial negotiations, has raised USD11 million in a Series A investment round; the money will allow the startup to scale up the deployment phase of its platform. The funding brings the company’s total investment to USD15 million. The …

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Tax revenue from Estonia’s e-residents’ companies grows steadily

In 2020, companies set up in Estonia by e-residents delivered nearly €17.5 million in taxes, constituting a one-third increase, compared with 2019. This result marks a record for the annual direct economic impact of the Estonian e-residency programme that was launched in 2014. Over the course of six years, the …

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Estonian energy company to purchase electricity from a Danish energy developer

Estonian energy company Eesti Energia has signed a power purchase agreement with Danish energy developer European Energy for 3.8 terawatt-hours over 10 years starting in 2023; the agreement secures renewable energy to an equivalent of what is half of Estonia’s annual energy consumption. Eesti Energia is a leading renewable energy …

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Estonia launches a national testbed for moonshot ideas

Estonia is bringing public and private partners together to test moonshot ideas that tackle complex problems the society is facing; a national testbed, called Accelerate Estonia, is an opportunity to experiment, validate and develop solutions that have strong value to the global economic space.  Accelerate Estonia is a national platform …

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Estonia’s Allfilm wants to attract more foreign movie productions to the country

Allfilm, Estonia’s preeminent film production company that co-produced the Academy Award and Golden Globe-nominated “Tangerines” and “The Fencer”, wants to attract more foreign productions to the country; the company has now launched a new website that gives a clear overview of what Estonia has to offer. “Choosing the Baltic countries …

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A newly-founded EU “unicorns’ group” includes two Estonian companies

A newly-founded European Union “unicorns’ group” includes two Estonian companies – the already unicorn rideshare company Bolt, and Skeleton Technologies, an ultracapacitor producer that is expected to become a unicorn. The EU commissioner for innovation, research, education, culture and media, Mariya Gabriel, invited over 30 founders and CEOs of European …

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Estonian influencer marketplace raises €1.2 million to connect brands with their superfans

Promoty, an Estonian marketplace connecting social influencers to retail brands, has closed a €1.2 million funding round to strengthen its market position and integrate other social platforms. The company is planning to strengthen its position “in the newly expanded countries of Scandinavia and the Baltics and expand laterally to other …

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