The Estonian Business market is booming and the business opportunity is ours for the taking. With no low labor costs, part of OECD's and EU's legislation system there are many opportunities for innovative startups to get a head start in the international market. Let me share with you a preview of Estonia's business culture and its recent achievements in 2017 to give you a broad overview of the marketplace.

Quick Facts on the Estonian Market

Whether you’re looking to expand your business or simply considering taking the plunge into Estonian territory, it’s important to know a few key things about the business market here. Although it’s a small country, Estonia has a lot to offer businesses of all sizes.

Here are some quick facts about doing business in Estonia: 

- Despite its small size, Estonia is home to a number of large global companies, including Skype, LOTTE, and TransferWise. 

- The economy is largely driven by the service sector, which accounts for approximately 73% of GDP. 

- Businesses in Estonia benefit from a flat corporate tax rate of 20%. 

- The government is very supportive of startups and there are a number of initiatives in place to help them thrive.

If you’re thinking about starting or expanding your business in Estonia, keep these facts in mind. With a supportive government and favorable tax landscape, Estonia is an ideal place to do business.

Main Industries in Estonia

Estonia has a thriving economy with a variety of different industries present. The main industries in Estonia include information and communication technologies, electronics, forestry, construction, and agriculture.

Each industry plays a vital role in the Estonian economy and contributes to the country's overall success. The information and communication technologies sector is one of the most innovative and fastest-growing industries in Estonia. This sector provides a wide range of services including software development, web design, and e-commerce solutions.

The electronics industry is another important sector in Estonia. This industry manufactures a variety of products including mobile phones, tablets, computers, and other consumer electronics. The forestry industry is also an important contributor to the economy as it provides timber for construction and other purposes.

The agriculture sector is another significant part of the Estonian economy. This sector produces a variety of crops and livestock that are essential for the country's food supply. The construction sector is also vital to the economy as it helps to build and maintain infrastructure.

All of these industries are essential to the Estonian economy and contribute to the country's success.

Estonian Economy Overview

The Estonian business market has been on the rise in recent years, with many new startups and businesses springing up across the country. This is in part due to the favorable business environment that Estonia offers, with low taxes, a skilled workforce, and good infrastructure.

However, there are still some challenges that businesses face in Estonia. One of the biggest is access to finance, as most banks are reluctant to lend to small businesses. This can make it difficult for businesses to get off the ground or expand.

Despite these challenges, Estonia is an attractive destination for businesses and has a lot to offer. With its strong economy and favorable business environment, it is definitely worth considering for your next business venture.

Markets in The Baltics

The Baltics are an up-and-coming business destination, and Estonia is at the forefront. The country has a well-educated workforce, a developed infrastructure, and a favorable business environment. Estonian businesses are innovative and forward-thinking, and the government is supportive of entrepreneurship.

If you're thinking about doing business in Estonia, there are a few things you should know. First, the country is highly digitalized. This means that many businesses are conducted online, and paperless processes are the norm. This can be a bit of adjustment for businesses used to conducting everything in person or on paper, but it's worth getting used to because it's very efficient.

Second, English is widely spoken in Estonia. This makes communication easy for businesses from English-speaking countries.

Third, the cost of living and doing business in Estonia is relatively low. Estonian cities are affordable, and wages are reasonable. This makes Estonia an attractive destination for businesses looking to cut costs.

Finally, the Estonian business market is growing rapidly. Businesses of all sizes are thriving, and new opportunities are opening up all the time. If you're looking for a dynamic market with plenty of growth potential, Estonia is a

State of Housing and Business Ownership

The housing market in Estonia is stable, with prices remaining steady for the past few years. Business ownership is gradually becoming more popular, as entrepreneurs look to take advantage of the country's business-friendly environment. The number of small businesses is on the rise, and the government offers a range of incentives to encourage entrepreneurship.

The Future of Austerity and Growth in Estonia

The Estonian business market is evolving rapidly and businesses need to stay ahead of the curve to survive and thrive. In this blog post, we'll take a look at the future of austerity and growth in Estonia, and what businesses can do to stay ahead of the trend.

Austerity measures have been in place in Estonia since the 2008 global financial crisis, and they are set to continue into the foreseeable future. The Estonian government has been implementing austerity measures in an effort to reduce its budget deficit and public debt levels. These measures have had a negative effect on economic growth, with GDP growth averaging just 0.8% per year between 2010 and 2016.

The Estonian government has recently announced plans to increase spending on infrastructure and research & development (R&D) in an effort to boost economic growth. This is a positive development for businesses in Estonia, as it will create new opportunities for them to invest and grow. However, it is important to note that austerity measures will still be in place, so businesses need to be mindful of how they manage their finances.

In order to survive and thrive in the current business environment, Estonian businesses need to be adaptable and proactive. They need to constantly monitor the changes

Average Salary and Cost of Living in Estonia

If you're considering doing business in Estonia, it's important to know what the average salary and cost of living are like in the country. Here's a quick overview of both:

The average salary in Estonia is about €1,200 per month. That's not a lot by Western standards, but it's enough to live comfortably in Estonia. The cost of living in Estonia is also relatively low, with most basic expenses like food and transportation costing less than €500 per month.

Overall, Estonia is a great place to do business. The economy is strong and growing, and salaries and costs of living are relatively low. If you're looking for a new market to expand your business into, Estonia is definitely worth considering.

Employment Ratio for Women and Men

Although women make up only 48% of the labor force in Estonia, they account for a larger share of higher-skilled occupations. In fact, women are overrepresented in most highly skilled professions, including medicine, education, and finance. And while the gender pay gap in Estonia is smaller than in many other countries, women still earn about 19% less than men.

Despite these disparities, there are some signs that the business world is becoming more inclusive for women. For example, last year Estonia ranked 4th on the World Economic Forum's Gender Gap Index, up from 17th in 2006. And in recent years, a number of companies have implemented policies to help close the gender pay gap.

There's still much progress to be made, but the Estonian business market is slowly becoming more welcoming for women. With continued effort, hopefully, we can see even more progress in the future.