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A world leader in digital technology
ESTONIA has many advantages that make it a smart, agile investment location for businesses with global ambitions.
These include world-class human capital, unique digital capabilities and a competitive business environment. Smart people, a robust pro-business environment, being a digitally enabled nation, and having a scalable location within the EU and a strong investment track record give Estonia solid advantages.
As a Northern European hub for industrial, global business services and supply chain sectors and a world class IT centre, Estonia consistently ranks as a world leader in human capital, digital capability, and ease of doing business. This creates a competitive environment which allows solutions and services to be researched, developed and delivered globally.
Owing to a two-decade commitment to IT, Estonia is the world's most advanced digital society and a recognised leader in digital skills, infrastructure and legislation.
The country has unique capabilities in the research, development (R&D) and application of software, high-tech systems, digital identity technologies and telecommunications. Estonian companies are acknowledged world leaders in blockchain, connected networks, and cleantech, and are at the cutting edge of IoT (Internet of Things), big data, automation and real-time computing.
Estonia boasts a fully digital ecosystem, world class cybersecurity, and soon-to-be-completed 5G infrastructure. Among famous homegrown Estonian successes are companies such as Fortumo, Guardtime and Skeleton Technologies which have collaborated with global giants like Microsoft, CGI and Fujitsu, to create a dynamic environment ideal for investment and innovation.
From multinational companies to high-growth startups, Estonia has a two-decade track record of successful investments and innovations.
A key strength is strong fundamentals in human resources. Estonians are high achievers from an early age. IT skills are taught extensively in primary school, and students rank in the top 10 globally in science, mathematics and reading at the secondary school level.
The majority of Estonia's workforce is multilingual and provides high value-add. The country recently ranked first in Europe for entrepreneurial employee activity and competitiveness. The strong digital mindset also makes the workforce highly adaptable.
As IT becomes the value driver in all industries, Estonia is uniquely positioned as the location of choice for knowledge and digital business. Productive workers and ultra-high usage of IT ensure high added value. In the global business services, supply chain, and industrial sectors, Estonian workers are recognised for their precision and ability to optimise processes.
Estonia also has an excellent record of commercialising intellectual property in startups as well as at in-house R&D departments for large organisations such as Ericsson, Telia and Nato. Estonia's digital capabilities provide better and faster data for decision-making while its agile business environment and smart people allow businesses to adapt easily.
Meanwhile, being full EU and eurozone member with a competitive economy helps provide scalability to businesses, with Estonia increasingly serving as a base for pan-European activity.
Estonia is seen as one of the most globalised economies in the world. Foreign ownership is high and export products come from various sectors across the economy. Also, an already rich trading tradition has now been augmented by modern integrated supply chains, making the country a preferred location for doing business with the Nordic region and Germany.
Apart from the digital world, Estonian workers also possess world class skills in the industrial sector where they excel in engineering and electronics. According to preliminary 2017 data from Statistics Estonia, industrial production rose 8 per cent year-on-year, with increases in energy, mining and manufacturing.