News & events

IFC, a member of the World Bank Group, makes a €20 million investment in Estonian ride-hailing unicorn Bolt to expand mobility solutions that create earning opportunities, stimulate small-scale entrepreneurship, and improve access to transportation in Eastern European and African markets.

In the fourth quarter of 2020, Estonia’s GDP contracted by 1.2 per cent year-on-year, which compared to all the other European Union countries, is the smallest decline. Analysts are expecting Estonia’s GDP to grow already by the end of 2021.

What are the top investments landed in Estonia last year? Why Estonian tax system is so simple to use? How much time would your company save on tax compliance if it paid taxes in Estonia? Why Estonia’s Fintech unicorn TransferWise became Wise? How Estonian defence company Milrem became a leading robotics developer in Europe? How Estonian-founded Eurora helps to avoid tons of paperwork in order to move goods in and out of Europe? Read top investment news from Estonia and find out!

“If you go to a little country like Estonia, the whole damn country is on the internet and it’s a very good idea,” Charlie Munger, an American billionaire investor and businessman, sometimes referred to as the right-hand man of Warren Buffett, said at 2021 Daily Journal Annual Meeting.

Besides cross country skiing and rally, filing income tax declarations has become one of the favourite national sports for Estonians. Each year, new records are broken as Estonia has the world’s best tax system: simple and online, quick and enabling fast payouts of returns.

Both, personal and corporate income tax can be declared more quickly than almost anywhere else in the world.

Estonia-based Auve Tech is developing a hydrogen-powered self-driving vehicle, to be completed by mid-2021. CEO Johannes Mossov shared his vision on the future of sustainable, self-driving cars, and the secret to the quick success of Auve Tech.

Invest Estonia celebrates the 103rd anniversary of the world’s most entrepreneurial country, the Republic of Estonia, with free tickets to a unicorn movie to spread entrepreneurial mindset.

Estonia’s fintech unicorn TransferWise is changing its name to Wise and aiming at building an entirely new cross-border payments network that they hope will one day power money without borders for everyone, everywhere.