Business in Estonia, Tallinn

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Syllabus of the Subject - Doing Business in Estonia. Tallinn (Course, Master).

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

1. North Sea-Baltic Transport Corridor (Finland, Estonia, Latvia, Lithuania, Poland, Germany, Netherlands, Belgium)
2. Access to the:
   1. Trans-Siberian Railway (Russia, Mongolia, China, North Korea)
   2. Pan-European Corridor II
   3. Pan-European Corridor IX

Estonian Preferential Access and Free Trade Agreements

1. Estonia and the European Economic Area
2. European Union
3. As a member of the European Union, Estonia is a beneficiary of the EU Free trade agreements with Algeria, Ivory Coast, South Africa, South Korea, India, Mexico, MERCOSUR, Chile, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia etc. besides the Customs Union with Turkey
4. Council of the Baltic Sea States

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

1. To analyse the Estonian Economy and Foreign Trade
2. To know 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 Estonian free trade agreements as a member of the European Union (EU)
5. To develop a business plan for the Estonian Market

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Description of the Subject: Doing Business in Estonia

The Republic of Estonia (Europe)

1. Estonian Capital: Tallinn
2. Official Language of Estonia: Estonian
3. Estonian Area: 45,228 square kilometres
4. Estonian population: 1.3 million people (one of the less populated countries in the EU)
5. About 25% of the population of Estonia has a Russian origin, which generates tensions
6. Type of Government of Estonia: Parliamentary Republic
7. Borders of Estonia: Latvia, Russia and Finland
8. Independence of Estonia from the Soviet Union: 1991

Main religion in Estonia: Lutheran Protestantism (Christianity)

Estonia belongs to the Western Civilisation (European Economic Area)

Economy of Estonia.

1. The Republic of Estonia is the European leader in Internet penetration and mobile telephony
2. Concept of e-Residency: towards the Digital Nomades
3. Estonia, Latvia and Lithuania are the so-called Baltic Tigers
4. Economic recession in 2008
5. The information technology and the electronic sector are the pillars of the Estonian economy
6. Estonian GDP (nominal): 21,278 million dollars
7. GDP per capita of Estonia: USD 17,908
8. Estonian 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) are in Tallinn (Estonia)
11. Virtually all sectors of the Estonian economy have been privatised (except power plants)
12. Top Estonian Industries are engineering, electronics, wood products, textiles, information technology, telecommunications
13. 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

Estonian International 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. Top Estonian trading partners are Germany, Finland and Sweden

International Economic Relations of Estonia

1. International Chamber of Commerce
2. Organisation for Economic Cooperation and Development (OECD)
3. World Bank
4. European Union
5. World Trade Organisation (WTO)
6. Economic Commission for Europe (UNECE)
7. International Monetary Fund (IMF)
8. United Nations
9. Convention Relating to Temporary Admission
10. European Investment Bank (EIB)
11. European Bank for Reconstruction and Development
12. International Rail Transport Committee (CIT)
13. Organisation for Cooperation between Railways (OSJD)
14. Group of States of the European Council Convention against Corruption (GRECO)
15. Organisation for Security and Cooperation in Europe (OSCE)
16. Asia-Europe Economic Meeting (ASEM)

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

(c) EENI Global Business School
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