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Estonian business stories around the world

Estonia drops four places in the IMD World Competitiveness Rankings

Estonia has in 2019 dropped four places in the IMD World Competitiveness Rankings and is now ranked 35th. IMD, an independent business school, based in Switzerland and Singapore, ranks Estonia 35th in this year’s index. The index doesn’t specify what caused Estonia’s drop, but it says that “competitiveness across Europe …

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Taavet Hinrikus.

TransferWise cofounder: the new government’s damage to Estonia’s reputation is disastrous

Taavet Hinrikus, one of the founders of TransferWise, the most successful Estonian-founded startup, said in an interview that Estonia’s new populist and far-right government has caused immeasurable damage to the country’s reputation.  In an interview given to Estonian daily newspaper, Postimees, Taavet Hinrikus – a cofounder of the London-based money …

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Embarrassment for Estonia as the new IT and foreign trade minister refuses to speak in English on foreign visits

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 …

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Estonian-founded TransferWise is now the most valuable fintech startup in Europe

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 …

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Estonia gains 12 spots, ranks third in Europe in the 2019 Nanny State Index

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 …

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Estonia is looking for people’s help with its 15-year long-term strategy

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 …

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Bolt and Pipedrive listed in the FT 1000 Europe’s fastest-growing companies

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, …

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