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Estonian business stories around the world

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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Estonia’s Põhjala brewery rated 57th in the world by beer connoisseurs

The Põhjala brewery in Tallinn, Estonia, has been rated 57th in the world by beer connoisseurs rating beers on the ratebeer.com website. Põhjala is the only Estonian brewery to make it to the ratebeer.com top 100. Its highest-rated beers are all imperial stouts, with two of them – the To …

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Estonia is one of the least corrupt countries in the world – index

According to the 2018 Transparency International Corruption Perceptions Index, Estonia is one of the least corrupt countries in the world, having been ranked 18th among 180 countries. The 180 countries in the index are given a score from zero (highly corrupt) to 100 (very clean). Estonia’s score in the 2018 …

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Almost a 1,000 people have moved to Estonia on the two-year-old startup visa

The Estonian startup visa has allowed 931 people to move to the country within the past two years since it was launched. Altogether, the startup visa programme received 1,108 applications, Startup Estonia said in a blog post. “When in 2017 we had 167 employees and 107 founders relocate to Estonia, …

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