Doing Business in Estonia

EENI- School of International Business

Subject - Doing Business in Estonia. Tallinn. Syllabus:

1. Introduction to the Republic of Estonia (the European Union)
2. The economy of Estonia: The most digital country of the EU
3. Doing Business in Tallinn
4. The Estonian Foreign Trade
5. The Foreign Direct Investment (FDI) in Estonia
6. Main Estonian Companies
7. Access to the Estonian Market
8. Business Plan for Estonia

The objectives of the subject “Doing Business in Estonia” are the following:

1. To analyse the Estonian Economy and Foreign Trade
2. To evaluate the business opportunities in the Estonian Market
3. To analyse the trade relations of Estonia with the country of the student
4. To know the free trade agreements of Estonia as a member of the European Union (EU)
5. To develop a business plan for the Estonian Market

Description of the Subject: Doing Business in Estonia

The Republic of Estonia (Europe)

1. Capital: Tallinn
2. Official Language: Estonian
3. Area: 45,228 square kilometres
4. The Estonian population: 1.3 millions of people (one of the less populated countries in the EU)
5. About 25% of the population is of the Russian origin, which generates tensions
6. Type of Government: Parliamentary Republic
7. Borders of Estonia: Latvia, Russia and Finland
8. Religion in Estonia: Lutheran Protestantism (Christianity)
9. Estonia belongs to the Western Christian Civilisation (European Economic Area)
10. Independence from the Soviet Union: 1991

The Economy of Estonia.

1. The Republic of Estonia is Europe's leader in Internet penetration and mobile telephony
2. Estonia, Latvia and Lithuania are the so-called the Baltic Tigers
3. Estonia has been one of the countries of the European Union that more has grown in recent years
4. Economic recession in 2008
5. The information technology and electronics sector is one of the pillars of the Estonian economy
6. GDP (nominal): 21,278 millions of dollars
7. GDP per capita: 17,908 dollars
8. Currency: Euro (2011)
9. Estonia is a member of the European Union since 2004
10. The Headquarters of the European Agency for the operational management of large-scale IT systems in the area of freedom, security and justice (eu-LISA): Tallinn (Estonia)
11. Virtually all sectors of the Estonian economy have been privatised (except power plants)
12. The top Estonian Industries are engineering, electronics, wood products, textiles, information technology, telecommunications
13. The Top Estonian Companies are Hansapank, Eesti Energia, SEB Eesti Ühispank, Eesti Telekom, Tallinnk Grupp, Olympic Entertainment Group, Tallinnna Sadam, Tele2 Eesti, Sampo Pank, Tallinnna Kaubamaja, Merko Group, BLRT Grupp, Elisa, Tallinnna Vesi, Transgroup Invest, Eesti Raudtee, Kunda Nordic Tsement, Viru Keemia Grupp, Falck Baltics

The Estonian Foreign Trade.

1. 50% of the Estonian foreign trade is made with the countries of the European Union
2. The Main Estonian Exports are: wood houses, machinery, electronics and textiles
3. The Top Estonian Trading Partners are Germany, Finland and Sweden
4. As a member of the European Union, Estonia is the beneficiary of the Free trade agreements of the EU with South Korea, Central America, Mexico, South Africa, etc

International economic relations of Estonia

1. Council of the Baltic Sea States
2. International Chamber of Commerce
3. Organisation for Economic Cooperation and Development (OECD)
4. World Bank
5. European Union
6. World Trade Organisation
7. Economic Commission for Europe (UNECE)
8. International Monetary Fund (IMF)
9. United Nations
10. European Investment Bank (EIB)
11. European Bank for Reconstruction and Development
12. Group of States of the Council of Europe Convention against the corruption (GRECO)
13. Organisation for Security and Cooperation in Europe (OSCE)
14. Asia-Europe Economic Meeting (ASEM)

Examples of the subject - Foreign Trade and Business in Estonia: