Doing Business in Estonia

EENI- School of International Business

Subject (Course) - Foreign Trade and Business in Estonia. Tallinn

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. Foreign direct investment (FDI) in Estonia
6. Main Estonian Companies
7. Access to the Estonian Market
8. Business Plan for Estonia

Objectives of the subject “Doing Business in Estonia”:

1. To analyse the Estonian Economy and Foreign Trade
2. To evaluate business opportunities in the Estonian Market
3. To analyse the trade relations of Estonia with the student's country
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

Subject Description: Doing Business in Estonia

The Republic of Estonia (Europe)

1. Capital: Tallinn
2. Official Language: Estonian
3. Area: 45,228 square kilometres
4. Population: 1.3 millions of people (one of the less populated countries in the EU)
5. About 25% of the population is of 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

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 Baltic Tigers
3. Estonia has been one of the European Union countries that more has grown in recent years
4. Economic recession in 2008
5. The information technology sector is one of the pillars of the economy and electronics
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. 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 economy have been privatised (except power plants)
12. Top Industries of Estonia: engineering, electronics, wood products, textiles, information technology, telecommunications
13. Top Estonian Companies: 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 Foreign Trade.

1. 50% of Estonian foreign trade is made with the European Union countries
2. Main Estonian Exports: wood houses, machinery, electronics and textiles
3. Top Trading Partners: 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 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: