Business

Estonian business stories around the world

Estonian employers ask the Finnish PM to allow workers move between the countries

The Estonian Employers’ Confederation has sent a letter to the Finnish prime minister, Sanna Marin, asking her to allow workers move between Estonia and Finland. According to the organisation, the industrial, service and construction sectors are most affected by the temporary restrictions for the cross-border movements of workers. “Estonia has …

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The Tehnopol startup incubator to open an office in Narva

The Tallinn-based Tehnopol startup incubator is planning to open an office in the predominantly Russian-speaking Narva, in Estonia’s Ida-Viru County; its first steps will be to increase entrepreneurship in the community by providing a valuable training programme. According to Kadri Tammai, the head of incubator, the expansion to Narva and …

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Estonia’s most valuable companies are Tallink, Swedbank and Eesti Energia

Estonia’s most valuable companies are the shipping operator, Tallink; the subsidiary of the Swedish banking giant, Swedbank; and the local energy company, Eesti Energia, according to the data compiled by Prudentia, a mergers and acquisitions advisory company, and Nasdaq Tallinn, the central stock exchange. The Top 101 of Estonia’s Most …

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UPDATED: Estonian unicorn Bolt requests a loan from the state

The Estonian ridesharing company, Bolt, hard hit by the coronavirus crisis, has asked the Estonian government to step in to save the company. Bolt is particularly hard hit by the current coronavirus crisis. What was previously the Europe’s third fastest growing company, has seen 85% of its turnover wiped off …

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Israel to have an oil plant based on the Estonian technology

Enefit Outotec Technology, an enterprise majority-owned by the Estonian state oil shale processing company, Eesti Energia, has signed a deal with the Israeli firm, Rotem Energy, to export Estonia’s oil plant technology to Israel. According to the contract, Rotem Energy Mineral Partnership will use Enefit’s knowhow, technology and licence to …

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Prince Harry and Meghan Markle buy a manor in Estonia

Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, have bought a manor house, once owned by a Baltic German nobleman, Johan von Benckendorff, in Estonia.* An international real estate broker, the Edinburgh-based Tartan Estates, announced on 1 April that Harry and Meghan had expanded their property portfolio …

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Viveo Health: How to provide immediate health care for yourself and your family

Viveo Health is looking to make Estonia the frontrunner in telemedicine – the distribution of health-related services and information via telecommunication technologies – while protecting people from the coronavirus. This is a paid content. Dear fellow Estonians and friends of Estonia, I wanted to share an important update with you …

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Estonian-founded AI startup to supply Walmart with its technology

The Estonian-founded startup, Pactum, an AI-based platform that helps companies to automate personalised commercial negotiations, is to supply its technology to Walmart, the US retail giant. Pactum’s artificial intelligence system enables partners to negotiate more valuable contracts for all parties while reducing costs for customers, the company said in a …

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Addressing the coronavirus crisis like the Estonian startup community

The Estonian startup community is teaming up with Mistletoe Singapore, the European Commission and other local and international supporters, to organise a 100-hour free online accelerator for startups with potential to have a strong impact on shaping today’s and the post-crisis world; the mentors include the Estonian president, Kersti Kaljulaid and the …

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Estonian government announces €2 billion stimulus package

Due to the coronavirus crisis, the Estonian government on Thursday announced it will support the local economy with a package worth at least €2 billion. “The spread of the coronavirus and its prevention measures will have a very significant impact on the economy. Taking this into account, the government today …

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