A new R&D centre jingles Estonia’s clean energy future
The construction of a magnet factory and R&D centre in Narva will have the capacity to produce magnets made of rare earth metals and recycled ones.
The construction of a magnet factory and R&D centre in Narva will have the capacity to produce magnets made of rare earth metals and recycled ones.
ELWIND has been listed on the first list of green energy cross-border (CB RES) projects under the EU Connecting Europe Facility (CEF).
Estonia has now become a front-runner green power in wind farms. A unique laboratory on the sea will be created near Saaremaa.
Latvia’s recognitions at the last Go Global Awards underline its own achievements through innovations and technological development.
Despite the strong scores in the regulatory and legal frameworks, Estonia has more people unemployed than before the pandemic.
Estonia has to cope with very high inflation and a recession in the second half of the year when the economy will decline by 3%. Perfect economic storm.
The Estonian IT sector is the most competitive in CEE, thanks to its business environment and the implementation of online services.
The culture of knowledge and experience sharing attracts more talent and creates the breeding ground for more innovation and European leadership.
In Estonia, the consumer basket price was 24.8% higher YoY. Orders have declined, making harder to pass the higher costs to the final products. Competitiveness is at stake.
Even in uncertain times, Estonia’s FDI inflow as a percentage of the GDP is the 4th-largest in Europe, thanks to the business legislation and government’s efficiency.