About Estonia

Official name:

Republic of Estonia

Head of State:

President

Area:

45,227 km2

Constitution:

passed on 28th of June 1992 (4.)

Population:

1.340 million

in towns 65%

in rural municipalities 35%

Government:

Parliamentary Republic, single chamber Parliament (Riigikogu) of 101 members

Capital:

Tallinn (400,000)

Currency:

Euro (1.1.2011)

Other Major Cities:

Tartu (102,000)

Narva (66,000)

Kohtla-Järve (46,000)

Pärnu (44,000)

National Day:

Independence Day, February 24th


Language:

Estonian. Other languages such as English,

Russian and Finnish are also widely spoken.

Ethnic groups:

69% of the population is of Estonian ethnicity. The second largest ethnic group is Russian, forming approximately 26% of the population. 2% of the population has Ukrainian roots, and Belarussians and Finns each make up approximately 1% of the populatio

Religion:

Overall, most Estonians are not religious. There is a tolerance toward all religions and in general religious beliefs do not affect business activities in Estonia. Formally, Estonians are predominantly Lutherans, but religion does not have any considerable impact on daily life. There are small Russian Orthodox, Baptist and other communities across the country.

Major Natural Resources:

Timber, oil shale, phosphorite, peat, limestone, dolomite

Estonia is divided

into 15 counties, 194 rural municipalities and 33 towns

Time Zone:

GMT + 2 hours

Distance from Tallinn:

Helsinki 85 km, Riga 307 km, St Petersburg 395 km,

Stockholm 405 km, Vilnius 605 km

Flight times:

Helsinki 35 min, Stockholm 1 h, Copenhagen 1 h 30 min, Moscow 1 h 40 min,

Amsterdam 2 h 20 min, London 2 h 45 min

Climate:

The climate in Estonia is temperate, characterised by warm summers and fairly severe winters. The weather is often breezy and humid due to the proximity of the Baltic Sea. Average temperatures range from 20.9° C in summer (usually July is the hottest month) to - 8°C in winter. Although occasionally the temperature may rise to 30°C and above in summer or sink below - 23°C in winter, it is very usual at our latitude.


Business Environment


Overall, the business climate in Estonia is characterised by free business and trade in alignment with EU practices. Many companies are subsidiaries of European, particularly Scandinavian, firms.
 
There are no significant service or industry sectors where a monopoly has been created, except for some important infrastructure services (railways, ports, the national airline, power stations and energy transmission) that are provided by fully or partially state-owned companies or groups which effectively enjoy a monopoly. However, large stakes in some of those companies may be sold to strategic investors in the future.

Throughout the period of regained independence, the economic and fiscal policy of the government has mostly been aimed at achieving long-term economic growth.
 
Most investment and business is concentrated in Tallinn and its surrounding areas like Keila etc. 
 
The government has voiced its concern for small enterprises and export industries as well as for agriculture. In this respect the most important action taken on the part of government was an alignment of policies, institutions and standards with EU norms, to enable participation in financing from EU structural funds. This has facilitated standards closer to the western European level, though there is still much to achieve. 

Useful Links

HARJU KEK AS
www.harjukek.ee

American Chamber of Commerce Estonia
www.amcham.ee

Bank of Estonia
www.eestipank.info

Enterprise Estonia
www.eas.ee

Estonian Chamber of Agriculture and Commerce
www.epkk.ee

Estonian Chamber of Commerce and Industry 
www.koda.ee

Estonian Employers’ Confederation
www.employers.ee

Estonian Institute of Economic Research
www.ki.ee

Estonian Italian Chamber
www.italiaestonia.it 

Estonian Ministry of Foreign Affairs
www.vm.ee

Estonian Tax and Custom Board
www.emta.ee

Estonian Unemployment Insurance Fund
www.tta.ee

German-Baltic Chamber of Commerce in Estonia, Latvia, Lithuania
www.ahk-balt.org

Ministry of Economic Affairs and Communications
www.mkm.ee

Spanish-Estonian Chamber of Commerce
www.secc.ee

Statistical Office of Estonia
www.stat.ee

Swedish Trade Council in Estonia
www.tradewithsweden.com/estonia/

Swedish Chamber of Commerce in Estonia
www.swedishchamber.ee

The British-Estonian Chamber of Commerce
www.becc.ee