News & events

Winning the Foreign Investor of the Year award in Entrepreneurship Awards 2020 has brought a great deal of positive attention to Ericsson Estonia, while also entailing a wider impact on Estonia at large.

“InvEST insights” explores how American cybersecurity firm Malwarebytes that first set foot in Estonia around ten years ago, now develops most of the company’s main products, which are used by millions of people around the world, in Estonia.

In a scramble to attract investments to their shores, countries worldwide are vying for the attention of the most exciting businesses looking to expand their horizons. One such cool young business being courted by potential host countries is German-founded birkle IT that decided to invest in Estonia.

HANZA, a Swedish knowledge-based manufacturing company with operations all over the world, invested 8 million euros in a new sustainable production facility in Tartu, Estonia.

American biotech company Biogen opened a branch in Estonia in December 2020. Mikko Fernström, Executive Director of Biogen Estonia has a lot of praise for the speed of administrative processes in Estonia.

“We felt welcome in Estonia from the very first discussions. The Estonian administration has gone fully-digital and that made things very easy – especially during Corona. I think the rest of Western Europe still has lots to learn from Estonia in terms of running the administration efficiently,” Fernström says.

Estonian companies have and can provide the know-how for combining advanced industry and smart logistics to industrial businesses, both in Estonia and abroad.

Business daily Ärileht writes that the arrival of Volkswagen’s software business to Estonia may represent a major breakthrough.

Socially as well as economically – information technologies are the driving forces in Estonia, as well as a bestseller in export from which the Industry sector can benefit.