The Estonian business environment is changing significantly, largely driven by technological advancements, digitalization, and governmental policies. Here are some key changes: 

Digitalization: Estonia is often referred to as 'E-stonia' because of its advanced digital infrastructure. The country has fully embraced digital technology and has incorporated it into nearly all aspects of life, including business. This has made starting and running a business in Estonia incredibly efficient. 

E-Residency: Estonia was the first country to offer e-Residency, a government-issued digital identity that allows entrepreneurs around the world to start and manage an EU-based company online. This has attracted a lot of foreign businesses and investments into the country. 

Innovation and Startup Culture: Estonia has a vibrant startup scene. The government provides support for startups through various initiatives and programs, and there is a significant amount of venture capital available. Some successful global startups like Skype, Wise, and Bolt originated from Estonia. 

Regulatory Environment: The Estonian government has a proactive approach in creating a favorable environment for businesses. They have simple and clear tax policies, and they're continuously working on reducing bureaucratic hurdles for businesses. 

Green and Sustainable Business Practices: There is a growing emphasis on sustainability and green practices in Estonia. The government is encouraging businesses to adopt sustainable practices and technologies, which is influencing the overall business environment. 

Workforce: There is a shift in the workforce with more emphasis on tech skills. Estonia has a high-quality education system, particularly in STEM (science, technology, engineering, and mathematics) fields, leading to a highly skilled workforce. 

Cybersecurity: Estonia places a strong emphasis on cybersecurity, having experienced a major cyber attack in 2007. This focus ensures businesses operate in a secure digital environment. 

Investment in Infrastructure: The government is investing heavily in improving the country's infrastructure, such as transport and logistics, which is beneficial for businesses. 

Overall, Estonia offers a dynamic and evolving business environment that is becoming more digital, innovative, and globally connected. If you like to learn more about Estonian Business Environment details you can check our Insights page.