Estonia, a 2004 European Union entrant, has a modern market-based economy and one of the highest per capita income levels in Central Europe. Estonia’s successive governments have pursued a free market, pro-business economic agenda and have wavered little in their commitment to promarket reforms. (CIA World Factbook)
Key exchange rates:
Interest rate: 1%
Current inflation: 10.4%
Tax rate: 18%
Major Estonian owned companies:
Eesti Energia is a state-owned company engaged in the production, sale and transmission of electric and thermal power. The main raw material for energy production – oil shale – is extracted from mines owned by the company. Eesti Energia is also involved in the construction and maintenance of energy systems.
AS Eesti Telekom is a holding company registered and operating in the Republic of Estonia, whose subsidiaries provide telecommunications and IT services.
Bank of Estonia Eesti Pank is the central bank of the Republic of Estonia that operates the Estonian monetary system, i.e. conducts the national monetary policy. The mission of Eesti Pank is to ensure price stability in Estonia.
Swedbank Swedbank AB is a leading Nordic-Baltic banking group with 8.8 million retail customers and 441,000 corporate customers in Sweden, Estonia, Lithuania and Latvia.
Lepik & Luhaäär LAWIN The aim of Law Office Lepik & Luhaäär LAWIN is to offer high quality legal services in accordance with international standards to its clients and enable them to get top level assistance in matters related to all fields of law.
Raidla Lejins & Norcous The firm of approximately 35 lawyers renders comprehensive legal services to local, regional and international legal entities, including multinational enterprises, international banks and financial institutions.
Rödl & Partner The philosophy of Rödl & Partner lies on a strong company culture, that being a prerequisite for providing a complete and high quality offer of services irrespective of country or office.
P&M Accounting P&M Accounting OÜ is an auditing and accounting bureau established in September in 1998. Clients include firms, nonprofitmaking organisations, foundations, government structures and physical person entrepreneurs.
Eurochambres, the European Association of Chambers of Commerce and Industry, is one of the key representatives of business to the European institutions. It voices the interests of over 19 million member enterprises in 45 European countries through a network of 2000 regional and local Chambers represented by 45 national - and one transnational - organisations. More than 90% of these enterprises are small or medium enterprises, with chamber members employing over 120 million employees.
Eurochambres is the sole European body to serve the interests of every sector and size of European business - due to the multi-sectoral membership of Chambers - and the only one so close to business, as a result of the Chambers’ regional focus.
The mission of the Estonian Chamber of Commerce and Industry is to develop entrepreneurship in Estonia. The ECCI provides several business-related services – consultation (legal, foreign trade, EU-related), business match-making (trade missions, trade fair visits, presentations), information services (business contacts, co-operation proposals etc.), training and foreign trade documents.