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Estonian business stories around the world

The Bank of Estonia: growth in the economy will slow; the economy still to perform above average

According to the Bank of Estonia, the country’s central bank, growth in the Estonian economy will slow in the coming years to two per cent, but the economy will continue to perform better than average. The central bank said in a news release that it would be a mistake to …

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Estonian ride-sharing company Bolt awarded as the best young-led startup

At the Startup Europe Awards ceremony, held in Romania, the Estonian ride-sharing company Bolt was awarded as the best young-led startup in Europe. At the awards ceremony in late March, the European Commission and the Finnova Foundation awarded five significant startups in Europe for their social impact. Bolt – formerly …

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Latvian airline becomes number one in the Estonian capital

Even though Estonia has its own national carrier, Nordica, the Latvian airline, AirBaltic, has become the number one airline carrying passengers to and from the Tallinn Airport. In February 2019, AirBaltic carried over 35,000 passengers to and from the Tallinn Airport, more than any other airline. The airline has reached …

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Almost half Estonian managers are women – second in EU

Almost half of the managers in Estonia are women, placing the country second in the European Union, together with Bulgaria. According to Eurostat, the European statistics agency, 49 per cent of the leadership positions in Estonia are held by women. That makes Estonia to stand out among its peers, as …

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China wants to invest €15 billion into the Tallinn-Helsinki railway tunnel

China’s Touchstone Capital Partners has signed a memorandum of understanding with the developer of the Tallinn-Helsinki railway tunnel, committing to invest €15 billion into the project. One-third of the funding will come as private equity investment and two-thirds as debt financing, Finest Bay Area Development, the company behind planning the …

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Estonia opens an honorary consulate in St. Petersburg, Florida

Estonia on 22 February opened an honorary consulate in the St Petersburg, Florida, area; the honorary consul at the newest consulate is Kaie Tiina Põhi Latterner. The consulate was opened by the director general of the consular department at the Estonian ministry of foreign affairs, Kersti Eesmaa, who said that …

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Estonia regulates the future of the British living in Estonia after Brexit

The Estonian parliament on 21 February passed an act that regulates the conditions for the citizens of the UK and their family members for residing in Estonia after Brexit. As it is still not yet clear whether the United Kingdom will leave the European Union on the basis of a …

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Estonia kicks Danske Bank out of the country after the money-laundering scandal

Estonia’s Financial Supervision Agency has ordered Danske Bank to leave the country, saying that the Danish bank’s $230 billion money-laundering scandal had marred Estonia’s financial market’s reputation. Danske Bank said it would comply with the order that demands they leave the country within eight months. It also plans to stop …

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The 2019 list of most desirable employers in Estonia announced

The Estonian employment portal, CVKeskus, has compiled the list of most desirable employers in Estonia. The most desirable company to work for is the state-owned energy company, Eesti Energia. The local energy giant is followed by Swedbank, the Estonian affiliate of the Scandinavian banking giant; and Telia, the Estonian affiliate …

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