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Estonia has one of Europe’s largest bioeconomies, including world-leading expertise in forest-based activity. Supported by high-quality natural resources, ultra-high use of IT and support policy making, Estonia offers a range of production and innovation opportunities.
| Sizable bioeconomy delivering economic, social and environmental benefits. | |
| Availability of high-quality, sustainably produced natural resources. | |
| World leader in forestry management and production of wood-based products. | |
| Ultra-high use of IT in planning, management and innovation. | |
| Commitment to sustainable development in Bio and Circular economies. |
Estonia has a large and growing bioeconomy which merges traditional skills in forestry, aquaculture and agriculture with cutting-edge technological solutions.
Blessed with pristine nature, Estonian’s have centuries long expertise in harnessing natural resources in an efficient and sustainable manner. Historic traditions are integrated with the practical application of modern methodologies taught in specialist universities and professional competence centres for horticulture, forestry, environmental science and chemicals.
Estonia’s bioeconomy is driven by its world-class expertise in forest-based activity. Possessing an abundance of high-quality FSC and PEFC certified raw material, Estonia has a full value chain for export-oriented activity supported by a track-record of successful investments. Stora Enso’s (read more) significant, vertically integrated operations include forestry management, milling and value-added treatment services. Metsä Wood operates five sites in Estonia including a new €50M energy efficient factory in Pärnu exporting plywood globally.
Europe’s largest per capita producer of wooden residential and commercial buildings, 90% of which are exported to Northern Europe, Estonia is also a pioneer in Biomass and home to Europe’s largest wood pellet producer Graanul Invest.
As befits the world’s most digitally enabled nation, IT utilisation is ultra-high. In addition to high automation to ensure quality and efficiency in production, Estonia is a leader in raw material yield optimisation. For example, Timbeter’s machine learning and imaging solution attracts global clients.
With over 30% of economic output already linked to the bioeconomy and innovative approaches to business transformation and policy making providing unique proof of concept and expertise, Estonia is set to emerge as a global centre of excellence in the field.
Whether you seek high-quality production, world-class digitalisation capability or cutting-edge R&D, Estonia is an attractive and scalable location for bioeconomy investment.
Success stories in the Estonian Bioeconomy include:
AB Karl Hedin, Graanul Invest Group, Heinzel Group, Holmen, Horizon Pulp & Paper, Latvijas Finieris, Metsä Wood, SCA, Stora Enso (read more), UPM, etc.
These websites can be useful when interested in Bioeconomy in Estonia:
You are also welcome to send us a request for personal e-consulting to obtain more specific information.
Estonia is a cashless society with over 99% of financial transactions occurring digitally. Electronic ID and Blockchain are widely used in FinTech applications. 80+ FinTechs ranging from innovative startups such as Wise to Blockchain leader Guardtime make Estonia a global centre of excellence for FinTech.
Estonia has a sizeable Advanced Industrial sector and world-class IT expertise in areas including high tech systems, control technologies and cyber security. Supported by a collaborative ecosystem well suited to research and development, Estonia is emerging as a centre of excellence in industrial automation.
Estonia developed X-Road, its proprietary decentralised, distributed system in 2001 and has utilised Blockchain since 2008. World-class technical skills supported by practical experience implementing public and permissioned Blockchain’s place Estonia at the forefront of the emerging Blockchain economy.
Patient records in Estonia are digitised and secured by the Blockchain, providing a single immutable data source for healthcare professionals. With a unique digital platform and collaborative ecosystem, Estonia is positioned to lead on preventative medicine, patient self-treatment and industry efficiency.
What is it like to run a business in Estonia? How to benefit from the e-solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?
The Estonian Investment Agency’s team is happy to help you via its complimentary e-Consulting service, organize online or offline follow-up events such as virtual investment visits and guide you through the fairly simple process of investing in Estonia.
