View
1.116
Download
1
Category
Preview:
Citation preview
ESTONIA AT A GLANCE
Märt HelmjaFDI Area Manager
AT THE HEART OF THE BALTIC SEA
Area 45,339 km2
Population 1.3 million
Member of EU, Eurozone,
OECD, NATO and Schengen
Credit ratings: Fitch A+ S&P AA-
Moody’s A1
ESTONIAN INVESTMENT AGENCY
Information services & investment preparation
Investment proposals & tours
Consulting & project management
Facilitating contacts, negotiation with authorities
Identifying suitable properties & consulting recruitment
Aftercare services
WE PROVIDE
EIA IS A DIVISION WITHIN ENTERPRISE ESTONIA
Tallinn EstoniaHamburg Germany
Helsinki FinlandStockholm SwedenSilicon Valley USA
Tokyo JapanShanghai China
Saint-Petersburg RussiaLondon UK
Copenhagen Denmark
Paris FranceNetherlands
New Delhi India
HIGH POSITION IN BUSINESS ENVIROMENT RANKINGS
1st in International
Tax Competitiveness
Index
2015 Tax Foundation
2nd in Index of Economic
Freedom in EU (9 th in
the World)
Wall Street Journal / The Heritage
Foundation 2016
30th in Global
Competitiveness Report 2016
World Economic Forum
22nd in Corruption
Perceptions Index 2016
Transparency International
2nd in the Internet
Freedom
Freedom House 2015
4th in Registering
Property
2015 World Bank Group
EASE OF DOING BUSINESS RANKING 2015
16
60
2223 24
34
15LithuaniaEstoniaGermany
SwedenNew Zealand
LatviaPortugalJapan
Greece
119
Singapore
Source: World Bank – Doing Business 2015
HungaryBelgium
4243
LOW RISK –POLITICALLY AND ECONOMICALLY STABILE
A BALANCED AND FUTURE
ORIENTED STATE BUDGET
POLITICAL STABILITY
LOWEST GOVERNMENT
DEBT IN EUROPE
RISK OF POLITICAL INSTABILITY, GLOBAL RANK
6,21
5,24
6,5
Finland
Sweden
UK
Belgium
Estonia
Latvia
Spain
Croatia
Italy
Russia
7,367,49
8,24
5,04
4,854,83
4,46
Source: IMD World Competitiveness Yearbook 2015
The higher the rank, the lower the risk
11 1
1 11 1 1 1 1
RISK OF POLITICAL INSTABILITY, GLOBAL RANKThe higher the rank, the lower the risk
Finland Sweden UK Belgium Estonia Latvia Spain Croatia Italy Russia
8.247.49 7.36
6.5 6.215.24 5.04 4.83 4.83 4.46
RISK OF POLITICAL INSTABILITY, GLOBAL RANKThe higher the rank, the lower the risk
Finland Sweden UK Belgium Estonia Latvia Spain Croatia Italy Russia
16% MANUFACTURING
ESTONIAN GDP BY ECONOMIC ACTIVITY 2015
Source: Statistics Estonia (04.07.2016)
6% CONSTRUCTION
12% WHOLESALE AND RETAIL TRADE
10% REAL ESTATE ACTIVITIES
8% TRANSPORTATION AND STORAGE
4% FINANCIAL AND INSURANCE ACTIVITIES
4% AGRICULTURE, FORESTRY AND FISHING
4% HEALTH AND SOCIAL WORK
4% ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES
5% EDUCATION6% INFORMATION AND COMMUNICATION6% PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
7% PUBLIC ADMINISTRATION AND DEFENCE
8% OTHER SECTORS
GDP GROWTH 2012-2017
GDP growth %
* forecastSource: Bank of Estonia (16.01.2017)
2015
1,4
2016* 2017*
5,0
1,7
2,8
1,0
2,6
201420132012
MAIN ECONOMIC INDICATORS 2013-2015
Source: Statistics Estonia (16.01.2017); Bank of Estonia (16.01.2017)
2013 2014 2015
GDP real growth (%)
GDP (current prices, billion EUR)
Change of consumer price index (%)
Labor force (thousands)
Growth of labour productivity per worker
Unemployment rate (ILO)
Average wage (EUR)
Wage real growth (%)
1.7
19.00
2.8
621.3
0.3
8.6
949
4.9
2.8
19.96
-0.1
624.8
1.9
7.4
1,005
6.3
1.2
20.46
-0.5
640.9
-1.2
6.2
1,065
6.0
2016
-
-
0,1
653,3
-
7.5
1,119 (Q3)
-
FDI INFLOW BY COUNTRY AND ACTIVITY STOCK AS OF 31.12.15
SWEDEN
Source: Bank of Estonia (14.03.2016)
FINLAND
NETHERLANDS
RUSSIAN FEDERATION
NORWAY
FINANCIAL AND INSURANCE ACTIVITIES
REAL ESTATE ACTIVITIES
WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES
MANUFACTURING
PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
26%
19%
14%
13%
7%
25%
23%
10%
5%
DENMARK
0,8%
4%
TOTAL EXPORTS ACROSS ALL COMMODITIES (EUR)
8,743,007,248 €
2010
Source: Statistics Estonia (04.07.2016)
12,003,360,298 €
2011 2012 2013 2014
12,521,145,705 € 12,297,264,120 €
12,083,423,528 €
2015
11,626,723,528 €
COMMODITIES EXPORTS BY COUNTRY AND COMMODITY 2015
Source: Statistics Estonia (04.07.2016)
Sweden
Finland
Latvia
Lithuania
Russian Federation
19%
15%
11%
7%
4%
Machinery and transport equipment
Miscellaneous manufactured articles
Manufactured goods classified chiefly by material
Mineral fuels, lubricants and related materials
34%
17%
15%
9%
SERVICES EXPORTS AND IMPORTS BY COUNTRY 2015
Source: Bank of Estonia (04.07.2016)
RUSSIAN FEDERATION
8%SWEDEN
8%LATVIA
5%SWEDEN
6%
IMPORTS
FINLAND
28%FINLAND
10%
EXPORTS
SIMPLE AND FAVOURABLE TAX SYSTEM
0% Corporate income tax
on reinvested profits
Personal income tax:
flat rate 20%
Unemployment insurance:
2,6% of the
gross salary
No property
tax
VAT: 20%
Social tax:
33% Land tax:
from 0,1% to 2,5%
EASY ADMINISTRATION ALL THE TAXES CAN BE DECLARED VIA E-TAX/E-CUSTOMS
TAX RATE ON CORPORATE INCOME
0%
ESTONIA
LITHUANIA
LATVIA
FINLAND
GERMANY
Source: KPMG
2015
0% 10% 20% 30% 40%
15%
24,5%
29,6%
INFORMATION SOCIETY INDICATORS
100% OF SCHOOLS AND GOVERNMENT ORGANIZATIONS ARE ICT EQUIPPED
ENTIRE COUNTRY IS COVERED WITH A BROADBAND CONNECTION
80% OF HOMES HAVE BROADBAND CONNECTION
99,8% OF BANK TRANSFERS ARE PERFORMED ELECTRONICALLY
95% OF INCOME TAX DECLARATIONS ARE MADE VIA THE E-TAX BOARD
30% OF VOTES WERE CAST OVER THE INTERNET ON 2015
MORE THAN 94% OF THE POPULATION HAS AN ID-CARD
LABOUR MARKET
Total labour force:
650 000 – 700 000
The average wage in
Estonia in 2016 Q3 was
1 119 EUR
Unemployment rate:
7,5% in 2016 Q3
General working time:
8 hours a day, 5 days
per week
The duration of the annual
vacation: 28 days
10 Public holidays
a year
Source: Statistics Estonia (16.01.2017)
EDUCATION SYSTEM
Source: haridussilm.ee, 16.01.2017
168 gymnasiums
(high schools)
36,674students
7 universities (6 public, 1 private)
37,755 students in 16/17
17 other professional
higher education institutions
10,039 students
38vocational
schools
25 071students
KEY SECTORS
ICT TRANSPORT and
LOGISTICS SERVICES
SHAREDSERVICES
INDUSTRIAL MACHINERY
and METALWORKING
ELECTRONICS
Top-ranking destination countries by average job value of investment projects – 2015 (2014)
5,615,63
Ireland
Singapore
Switzerland
Sweden
Denmark
Netherlands
Hong Kong
Estonia
Austria
Lithuania
5,685,77
6,49
5,405,23
5,18
5,14
Source: IBM-PLI Global Location Trends database and analysis. 2016.
5,23
Source: Estonian Investment Agency, 2016
Switzerland
USA
Norway
Russia
Sweden
Germany
Finland
8
10
12
22
24
32
63
MAIN ORIGING COUNTRIES OF INVESTMENT PROJECTS HANDLED BY THE ESTONIAN INVESTMENT AGENCY
TOTAL CAPITAL COSTS 3,5 bill. €
RAIL BALTIC
Estonia
Latvia
New 1435 mm double trackrailway line
Top speed up to 240 km/h
To be finished by 2024
Lithuania
Latvian border – Kaunas
Kaunas – VilniusKaunas – Polish
border
A 1435 mm railway alongside old
1520 mm railwayTop speed
120 km/h to 80 km/hTo be finished
by 2024
THANK YOU!
Recommended