Business

Estonian business stories around the world

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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Estonian sauna maker Iglucraft plans a global expansion

Iglucraft, the Estonian manufacturer that few years ago made headlines in Britain when Gordon Ramsay and David Beckham bought its handmade igloo-style saunas, is planning to open 50 “Igluparks” all around Europe in the upcoming years; the first such park opened in Tallinn’s Noblessner area. The company said in a …

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Estonian-founded British company Wise to go public in a direct London listing

The Estonian-founded money transfer firm, Wise, formerly known as TransferWise, has announced it is planning to go public in the London Stock Exchange through a direct listing. Kristo Käärmann, the Estonian co-founder and chief executive of the fintech firm, said in a statement a direct listing allowed the company “a …

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The Estonian e-residency programme makes a €15 million profit

The Estonian e-residency programme in 2020 made what it says was a record-breaking return, earning a revenue of €19.7 million with costs amounting to €4.85 million – therefore making the programme’s profit €14.85 million. “The profit made last year is thus far the largest in the programme’s history, bringing in …

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