GDS International - FST - Summit - Europe - 7 - 18

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GDS International - FST - Summit - Europe - 7 - 18

  1. 1. Estonia –the environmentof continuous financialIT innovation
  2. 2. e-Estonia:Early adopters 100% of schools and government institutions have broadband connection 68% of households have broadband connection (Statistics Estonia 2011) 98% of bank transfers are made electronically 92% of income tax returns are submitted via the e-Tax Board 1,163,917 active ID cards Digital signature legislation Enterprises with fixed broadband access 2011 Poland 73% Latvia 82% Hungary 84% Lithuania 87% Czech Republic 87% EU 27 87% ESTONIA 90% UK 92% Sweden 94% Finland 96% 0% 20% 40% 60% 80% 100% 120% Households with fixed broadband access, 2011 Lithuania 57% Latvia 59% Hungary 61% Poland 61% Czech Republic 63% ESTONIA 66% EU 27 67% UK 81% Finland 81% Sweden 86% 0% 20% 40% 60% 80% 100%Source: Eurostat
  3. 3. Efficient place to do business 70 68 63 Index of economic 56 Ease of doing business freedom 51 rankings 2011 rankings 2011 46 28 24 24 22 23 22 23 20 17 18 16 17 14 13 14 94 5Source: World Bank Group Source: Wall Street Journal; The Heritage Foundation Estonia is consistently ranked by IMD, World Bank and the World Economic Forum as one of the easiest and most efficient places to do business in the world No 17 out of 181 economies in ease of doing business. Transparent regulations, easily understandable taxation systems, readily available credit, etc. Country’s credit ratings Fitch A+ S&P AA- Moody’s A1 Member of the European Union, eurozone, OECD, Schengen area and NATO
  4. 4. One of the safest places for banking IT Very high cyber security level Safe to operate, safe to share information, high knowledge of cyber security In comparison with the other 58 countries included in the IMD world competitiveness survey, Estonia is ranked seventh in cyber security In 2008, the NATO Cyber Security Centre was established in Estonia In 2011, the European Union IT Agency was established in Tallinn Rate of cyber security Hungary 4.34 Poland 5.36 UK 5.58 Czech Republic 5.84 Germany 6.29 Lithuania 6.95 Sweden 7.13 ESTONIA 7.22 Finland 7.26 0 2 4 6 8Source: The IMD World Competitiveness Yearbook 2011
  5. 5. TestimonialsSymantec is a world leader in cyber security and employs 120 people at its research centrein Tallinn, Estonia.“Without a doubt, Estonia is a leader on these subjects [IT and cyber security issues], not only in theBaltic region but in the broader area of Europe.”“Estonia is highly developed when it comes to the use of online applications and the use of theInternet […] Estonia is a natural fit for Symantec as an anchor for our operations, not only inEstonia but throughout the Baltic region.” John Thompson, Chairman, Symantec CorporationIn 2008, the NATO decided to establish its Cooperative Cyber Defence Centre ofExcellence in Tallinn, Estonia. The centre conducts research and training on cyber warfare. “Estonia has shown that it is not the matter of the size of the defence forces, but the level ofspecial capabilities, that shows their role in enhancing NATO’s defensive capabilities. We appreciateEstonians initiative in the field of cyber defence.” Koenraad Gijsbers, Major General, NATO
  6. 6. The strength of Skype - and perhaps the strength of Estonian IT - is that itshallmark is simple efficiency. It is not burdened with layers of cumbersomemanagement or formalities. “Before I came to Skype,” says former Skype’s Chief Evangelistand General Manager of the Tallinn office, Sten Tamkivi, “I used to bid against a lot ofwestern European companies for jobs. They would offer a three-layer project organisationwith complicated reporting structures. We’d put four guys in a room and get the job done.”In four short years, Skype’s user base has grown from 54 million users to 520 million. Skypehas offices in Tallinn, London, Luxembourg, Stockholm, Prague, San Jose, Sao Paulo, HongKong, Tokyo, and Tartu, a university town of 100,000 in Southern Estonia. Still, themajority of Skype’s staff is Tallinn-based. Among Skype’s slightly over 300 Tallinnemployees, 24 different nationalities are represented. Sten Tamkivi, Former Skype’s Chief Evangelist and General Manager of the Tallinn officeAdditional informationand video interviews
  7. 7. Success storiesContactsMr. Tanel KõrvelFDI Project ManagerEstonian Investment Agency / Enterprise EstoniaPhone: +372 6279 525Mobile +372 5305 4221email: tanel.korvel@eas.eeMr. Andrus ViirgDirectorEnterprise Estonia Silicon Valleyemail: andrus.viirg@eas.eewww.investinestonia.com

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