Invest in Estonia 2014

Estonia, officially the Republic of Estonia, is located in the Northern Europe along the Baltic Sea. Its capital city Tallinn is a former Hanseatic League member. Tallinn is ranked among the top 10 digital cities in the world and its old town was listed as a World Heritage Site by UNESCO. Estonia shares its borders with Sweden, Finland, Russia, and Latvia. With its advanced digital and information technology, Estonia was selected as the incubator of the well - known Skype; and benefit from its strategic geogr aphic location, Estonia has rather good access to Scandinavia, Russia and CEE.

As one of the important European countries, Estonia joined WTO in 1999, became a member of European Union and NATO in 2004, and adopted Euro as its official currency in the beginning of 2011.

As one of the freest economies in Europe, Estonia has enjoyed rapid economic growth in recent years. Estonia is considered as a high - income country by the World Bank, and is often recognized as a Baltic tiger. According to The World Bank, Estonia was ranked as the 22 nd easiest of doing business and the 7th easiest of trading across borders among the 189 countries ( www.doing business.org/rankings ). Based on International Monetary Fund’s estimation, Estonia’s GDP (PPP) of 2014 will be 29.944 billion US dollars; its GDP (PPP) per capital will be 23,213 US dollars, its nominal GDP will be 24.284 billion US dollars; its nominal GDP per capital will be 20,179 US dollars. ( www.imf.org ).

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RAZ Group

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