Notify Friend
2010-06-22

Estonia - Presents strong export

The export of goods in April grew 35 percent in current prices compared with April 2009, while the growth in import was by 16 percent, Statistics Estonia said. The growth in export was last as high in June 2006. Partly, the fast growth in export was also influenced by the low basis of comparison in April 2009, the statistical office said.

Facts about Estonia

  • There are more internet bank users in Estonia than people
  • Foreign and domestic investments in Estonia are treated equally under the law
  • Estonians have one of the biggest collections of folk songs in the world, with written records of 133,000 folk songs
  • Estonia is a member of the World Trade Organization and the European Union
  • Estonia is one of the most sparsely populated countries in Europe
  • 98% of banking transactions in Estonia are effected electronically
  • SKYPE has been developed in Estonia
  • Estonia was first in the world to commission mobile parking
  • It takes only 15 minutes to establish a company in the Internet in Estonia
  • In Estonia, all e-services can be accessed with the national ID-card
  • In Estonia, a digital signature is legally equal to a normal signature
  • Estonia is the leader in Central and Eastern Europe in terms of foreign direct investments per capita
  • The World Bank ranks Estonia 24th in its Doing Business in 2010 report
  • The Index of Economic Freedom 2010 ranks Estonia as the 16th freest economy in the world
  • In 2009, the percentage of electronic tax declarations in Estonia was 91
  • All Estonian towns and villages are covered by the network of public Internet access points
  • More than 60% of Estonian work force is working in the service sector 
  • Estonian companies do not have to pay income tax for re-invested profits 
  • There are about one hundred different nationalities and ethnic groups represented in Estonia
  • Currency information EUR 1 = EEK 15.65

Source Invest in Estonia

                                                                               Cecilia Helland

Nopef
NCC