Estonia

Герб
 Флаг
 

Coat of arms: depicts a golden shield, which includes three slim blue lions passant gardant with red tongues in the middle and golden oak branches along both sides of the shield. The lesser coat of arms lacks these oak branches. The three lions derive from the arms of Danish king Valdemar II who had conquered northern Estonia in 1219.

Flag: is a tricolour featuring three equal horizontal bands of blue (top), black, and white.  the blue is for the vaulted blue sky above the native land, the black for attachment to the soil of the homeland as well as the fate of Estonians — for centuries black with worries, and white for purity, hard work, and commitment.

 
  • Anthem: «Mu isamaa, mu õnn ja rõõm» is the national anthem of Estonia. 
  • Official languages: Estonian.
  • Geographical location: it is a country in Northern Europe. It is bordered to the north by the Gulf of Finland with Finland on the other side, to the west by the Baltic Sea with Sweden on the other side, to the south by Latvia (343 km), and to the east by Lake Peipus and Russia.
  • Administrative divisions: The Republic of Estonia is divided into fifteen counties, which are the administrative subdivisions of the country.
  • Capital: Tallinn.
  • Governance: the politics in Estonia takes place in a framework of a parliamentary representative democratic republic, whereby the Prime Minister of Estonia is the head of government, and of a multi-party system. Legislative power is vested in the Estonian parliament. Executive power is exercised by the government, which is led by the prime minister. The judiciary is independent of the executive and the legislature.
  • Population1.32 million. 
  • Currency: Euro.
  • GDP: $23.1 billion.
  • Time zone: GMT +2, GMT +1.
  • Telephone code: +372.
  • Barcode: 474.

 

Trade and economic cooperation between Belarus and Estonia

Estonia's economic performance:

  • GDP — €20.5 billion (2015);
  • GDP per capita — €15 589 (2015);
  • Share investment — €17.3 billion (2015);
  • Unemployment (according to ILO standards): 7.5% (Q3 2016).

Estonia attracts more foreign direct investment than any other country in Central and Eastern Europe. In general, the country has a good business environment and follows the EU trade directives. Many companies are subsidiaries of European corporations (in particular, Scandinavian ones).

Estonia is a leader in development and implementation of e-government and cyber security solutions.

Belarus considers Estonia as one of the most important trade partners in North Europe. 

In January — October 2017, trade turnover between Belarus and Estonia increased by 3.2% to $85.97 million as compared to the same period of 2016. Belarusian exports to this country increased by 17.2% to $63.09 million as compared to 2016, Estonian exports decreased by 22.3% to $22.88 million. Trade surplus was $40.21 million. 

Belarus's most valuable products to export to Estonia:

  • Salt;
  • Potassic fertilizers;
  • Paints and varnishes;
  • Plates, sheets, film of plastics;
  • Wood;
  • Fibreboard of wood;
  • Woven fabrics of flax;
  • Asphalt or similar material; articles;
  • Float glass;
  • Rods and wire of steel;
  • Tubes of iron or steel;
  • Refined copper;
  • Wire and cables;
  • Tractors;
  • Cars and trucks;
  • Furniture.

Estonia's most valuable products to export to Belarus:

  • Bovine animals;
  • Frozen fish;
  • Fermented beverages;
  • Wadding, gauze, bandages;
  • Glaziers' putty, grafting putty;
  • Leather;
  • Wood veneer;
  • Lifting cranes;
  • Agricultural machinery;
  • Electrical transformers;
  • Communication apparatus;
  • Boards, panels, consoles, desks, cabinets, bases with apparatus.

In January — October 2017, trade in services between Belarus and Estonia increased by 22% to $51.9 million as compared to the same period of 2016, Belarusian exports of services increased by 31.9% to $31.4 million, Estonian exports — by 10.8% to $20.5 million.

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the Republic of Estonia, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Estonia for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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