2013 was a successful year for Estonian industry. According to the preliminary data of Statistics Estonia, in 2013 the production of industrial enterprises grew 3 per cent compared to the previous year. Both export sales and the sales on the domestic market increased 5 and 4 per cent respectively.
(Äripäev, page 7, February 3, 2014)
Statistics Estonia: in December 2013 the retail sales of goods of retail trade enterprises increased annually 5 per cent at constant prices.
(Äripäev, page 7, February 3, 2014)
Estonia’s first hardware accelerator began its activity. Buildit is the first accelerator in the Baltic States and Nordic countries with focus on physical devices, i.e. hardware in combination with software. Buildit will choose eight start-ups that are active in robotics and electronics to help them create a prototype within three months. Buildit’s investment fund is half million euros that will be invested in 24 companies. Buildit team includes people from University of Tartu, successful companies like Fortumo and Click&Grow, etc.
(Äripäev, page 10, February 3, 2014)
Justice Minister Hanno Pevkur is satisfied with Estonia’s position in the corruption report. Yesterday European Commission published its relevant report, which places Estonia in the same group as France, Germany, Austria, Belgium and the Netherlands, which is the second group of countries in regards to smallest perception of corruption.
(Postimees, page 3, February 4, 2014)
Estonians stand out with big culture consumption in Europe. In the Eurobarometer Special survey Estonians ranked fourth in the culture consumption index.
(Eesti Päevaleht, page 10, Febuary 4, 2014)
Norwegian business delegation plans to tighten cooperation with Estonian partners. Norwegian Embassy’s press release noted that based on their experience they can say that Norwegian and Estonian businessmen find a common ground quickly. Estonia has about 400 companies with Norwegian owners of which many are joint companies with Estonians. Norwegian IT-companies, cluster organisations and municipalities’ representatives are in Estonia for two days.
(Äripäev, page 9, February 4, 2014)
Estonians prefer owning real estate instead of renting. Swedbank study showed that Estonians consider real estate to be the safest investment. 79 per cent of Estonians own real estate.
(Postimees, page 9, February 5, 2014)
Hansapank and Skype have helped push the creation of many successful start-ups. Many workers and creators of Estonian start-ups have former work experience in either Hansapank, an Estonian bank that was later acquired by Swedbank, or Skype. For instance, TransferWise has said that it has many such former workers and its leader Taavet Hinrikus was even Skype’s first employee. Other of such many examples include e.g. former Hansapankers founding software firm Codeborne and former Skypers creating communication programme Fleep.
(Äripäev, pages 4-5, February 5, 2014)
Many entrepreneurs will get state decoration from President. When in 2013 four entrepreneurs received this high honour, this year 11 out 99 state decoration receivers are entrepreneurs. They include e.g. ChemiPharm owner and CEO Ruth Oltjer, tourism promoter Anne Samlik, Molycorp Silmet leader David O’Brock, but also young start-up entrepreneurs Taavet Hinrikus from TransferWise and Jevgeni Kabanov from ZeroTurnaround.
(Äripäev, pages 6-7, February 6, 2014)
Estonian slippers made out of 100% felt target UK and Japanese market. Kaun design has created beautiful, light and comfortable slippers that let feet breathe with designer Kärt Ojavee’s design. As of May the slippers will be sold in the UK and as of December in Japan via online store.
(Eesti Ekspress, EE Naine, page 3, February 6, 2014)
Estonian car sales are better than in Latvia and Lithuania. The reason for bigger sales of new cars is linked to tax system. The most popular cars in Estonia are Toyota, Škoda and Volkswagen.
(Äripäev, pages 8-9, February 11, 2014)
Transferwise is among the best. Global business and technology magazine Fast Company named Estonian start-up Transferwise among the world’s ten most innovative companies in finance.
(Eesti Päevaleht, page 17, February 12, 2014)
Estonian start-up won London’s start-up competition. SeedCamp was won by Estonian solution GoWorkaBit, which connects people who want to earn extra money and companies that need additional personnel at a short notice.
(Eesti Päevaleht, page 18, February 12, 2014)
Government institutions will get a common identity with three lions on the logo.
(Äripäev, page 7, February 12, 2014)
Thomas Jean Lucien Padovani created a successful start-up Adcash. One of the most successful start-ups in Estonia is owned and created by a French man who plans doubling workforce and tripling turnover by reaching € 45 million in 2015. Adcash delivers high-performing solutions to online publishers and brand advertisers around the world, becoming one of the foremost advertising networks in the industry. Its owner Padovani says it is logical that company’s headquarters are in Tallinn because the President supports start-ups and thus he feels part of something bigger.
(Äripäev, pages 10-11, February 12, 2014)
Estonia again places 11th in world press freedom index made by Reporters Sans Frontiers.
(Postimees, page 10, February 13, 2014)
In 2013, a record number of tourists stayed in accommodation establishments. According to Statistics Estonia, 1.9 million foreign tourists and over a million domestic tourists used the services of accommodation establishments in 2013. The total number of tourists increased 5 per cent and the number of foreign tourists by 4 per cent compared to 2012. As in previous years, foreign tourists accounted for nearly two thirds of the total number of tourists. 67 per cent of the foreign tourists arrived from the neighbouring countries Latvia, Finland and Russia. While the number of tourists from several European countries decreased, the number of tourists from Asian countries staying in accommodation establishments increased more than a quarter compared to the previous year.
(Äripäev, page 8, February 13, 2014)
The Estonian exhibition at London Fashion Week was named as the winner of the International Showcase for the second year in a row. The showcase featured Estonian designers Marit Ilison, Jo Nurm, Kärt Põldmann and Sille Sikmann. The Estonian display ’Fashion Now: Estonia’ is open in London until February 23.
(Eesti Päevaleht, page 14, February 17, 2014)
Japanese e-business giant Rakuten announced on Friday that it will buy Skype’s competitor Viber for € 657 million.
(Äripäev, page 24, February 18, 2014)
Salary increase continues strongly. In IV quarter of 2013 the average gross wage was € 986 and increased annually 7.6 per cent. Statistics Estonia reported that for the first time, the average gross wage passed the € 1000 limit with € 1028 average wage in December 2013.
(Eesti Päevaleht, page 3, February 28, 2014)
Estonian company Regio’s (uses name Reach-U internationally) popular mobile solution received an international award. Regio’s Demograft solution that allows analysing mobile users demographically without invading their privacy was chosen as the best solution in Barcelona mobile fair among thousands of competitors.
(Eesti Päevaleht, page 18, March 5, 2014)
Estonia’s position in the European Commission’s new innovation ranking improved one notch. Estonia is now on the 13th position among 28 EU member states.
(Äripäev, page 9, March 5, 2014)
Elering CEO and Fingrid CEO welcome the official opening of the underwater sea cable Estlink-2 today. It is noted that thanks to the cable, consumers will get high quality power supply at all times.
(Postimees, page 17, March 6, 2014)
Results of electric vehicles(EV) sales were surprising. 26 electric vehicles were sold in Estonia in February of which most were Nissan Leaf models, reports AMTEL. This is surprising result for a winter month and it was reported that several cars were bought by private persons. In February altogether 1389 new vehicles were sold.
(Äripäev, page 3, March 6, 2014)
Bank of Estonia: Estonian competitiveness has improved. The central bank refers to GDP per capita that has increased quicker than Estonia’s trade partners’ figures. In 17 years Estonian GDP per capita has increased 6.5 times, which according to economist Natalja Viilmann is successful. Estonia earns most of its revenue from export, which increased in target markets by 5.5 per cent in 2013. It was less than in earlier years due to smaller demand. Estonian export market share in global economy has doubled in past 13 years.
(Äripäev, page 11, March 6, 2014)