Estonia is a northern European country with a population of 1.32 million. It has a highly developed infrastructure and business environment, ranking highly in indices such as the Index of Economic Freedom. Estonia has a simple and favorable tax system, including a 0% corporate income tax rate on reinvested profits. The country also has well-developed ICT infrastructure and is among the global leaders in e-government services. Estonia's central location provides access to markets across Europe and in Russia and is a growing hub for international transit and distribution.

1. ESTONIA AT A
GLANCE.
Estonian Investment Agency
» investinestonia.com

2. Area: 45,227 km2 (similar in size to Denmark or
Netherlands)
Population: 1.32 million (68% Estonians, 25%
Russians), Capital Tallinn (401,000)
Official language: Estonian (belongs to
Fenno-Ugric language group, similar to Finnish
language)
Currency: EURO
Member of: EU, NATO, WTO, OECD and the
Schengen zone
Country credit ratings: Fitch A+
S&P AA-
Moody’s A1
Time Zone: GMT+2
Estonia is the heart of the Baltic Sea.

3. Why make business with Estonia?
 A unique location and culture combining Nordic roots
and Eastern influencesA unique location and culture combining
Nordic roots and Eastern influences.
hy make business with Estonia?

4. Business in Estonia
 Estonia can offer a progressive business environment with an
efficient and compatible infrastructure. Our e-services, mobile
communications and internet applications are among the most
progressive in the world. Estonians are adaptable towards new
technologies, and use them willingly.
 At the same time, our Nordic influence gives investors a transparent,
clearly defined, sincere and honest partner who is considerate, rational
and not very talkative. The Estonian approach is functional and one
that creates timeless value. Our natural resources are powerful and
accessible.
 As an added value, rootedness is like a guarantee that Estonians do
not give up and would rather break their arm than a promise they have
given. Perseverance and culture are a good basis for long-term plans in
any area of business.

5. High position in business
environment rankings
1
9 10
13 14
16
19 19
22
24
29
48
55
57
Index of economic freedom
rankings 2013
Source: World Economic Forum
Source: Wall Street Journal; The Heritage Foundation
1
3 4 5 6
10
32
42
46
48
52
Global competitiveness index
2013

6. High e-readiness and low corruption
Source: World Economic Forum
Source: Transparency International
1
3
5
7
9
13
21 22
32
41 42
44
49
Networked readiness index
rankings 2013
Estonia is second in the internet freedom in the world.
According to Freedom House
1 3
3
12
14
18
19
28
38
43
47
49
Corruption perception index
rankings 2013

7. Politically and Economically Stable
 Political stability. Estonia is seen as
the most stable country in CEE –
more stable than Czech Republic,
Poland, Lithuania, Latvia, Romania or
Hungary.
 No 1 in Europe in lowest
government debt. Government debt
was 10.1% of GDP in 2012. A stable
and future oriented state budget, with
a growing interest in entrepreneurs
and foreign investors.
 Low inflation – 3,9% in 2012
9.05 8.77 8.5
6.49
6 5.92 5.64
5.24
4.37 4.12
0
1
2
3
4
5
6
7
8
9
10
Risk of political instability, global rank
Source: IMD World Competitiveness Yearbook 2013
The higher the rank the lower the risk

8. A highly progressive environment that offers
an efficient way of doing business.

9. Simple and favourable tax system
 * 0% Corporate income tax on reinvested profits
 All distributions are subject to income tax at the rate of 21% of the
amount of taxable payment
 Personal income tax: flat rate 21%. The same rate applies for expats
 VAT: 20%
 Social tax: 33% (20% for social security and 13% for health
insurance)
 Unemployment insurance: 3% of the gross salary. (The employer
pays 1% of the salary and deduction from employees salary is 2%.)
 no property tax
 The land tax is from 0,1% to 2,5% on the assessed value of the land,
rate established by local government (i.e in Tallinn 2,5%).
 All the taxes can be declared via E-tax/e-customs (an electronic
service desk of the Estonian Tax and Customs Board)
Source: European Commission
0% *
15.0%
15.0%
19.0%
19.0%
19.0%
26.0%
26.0%
26.3%
30.2%
0.0% 10.0% 20.0% 30.0% 40.0%
ESTONIA
Latvia
Lithuania
Poland
Czech Rep
Hungary
Finland
UK
Sweden
Germany
Tax rate on corporate
income, 2013

10. Use of ICT
98%
95%
95%
94%
93%
91%
90%
86%
85%
77%
0% 20% 40% 60% 80% 100%
Finland
Sweden
Lithuania
ESTONIA
UK
Czech Republic
EU 27
Latvia
Hungary
Poland
Enterprises with fixed broadband access, 2012
Source: Eurostat
 100% of schools and government organisations have broadband connection
 74% of homes have broadband connection (Statistics Estonia 2012)
 98% of bank transfers are performed electronically
 94% of income tax declarations are made via the e-Tax Board
 1 192 029 active ID-Cards
 Digital signature legislation
87%
85%
81%
74%
72%
68%
67%
68%
67%
61%
0% 20% 40% 60% 80% 100%
Sweden
Finland
UK
ESTONIA
EU 27
Czech Republic
Poland
Hungary
Latvia
Lithuania
Households with fixed broadband access, 2012

11. Why make business with Estonia?
 A highly progressive environment that offers an efficient
way of doing business.
 Highly developed infrastructure that supports business
development.
 Among the most successful countries in the world in
attracting inward investment.
Well developed infrastructure
that supports business development.

12. Strategic Location – 240 million market

13. Estonia Distribution Hub
Estonia has been a global trading post for 760 years. As the
“centre of Europe” moves further north and east, Estonia is once
again a key gateway between the East and West, North and South,
linking Scandinavia, the Baltics, Russia, the CIS, Central Asia, China
and the Far East.
An impressive infrastructure – 5 key international ports, 4 free zones,
10 border posts to Russia, block trains to Moscow and Beijing,
shortest EU flight time to China – still has plenty of capacity and
scope for growth.
Estonia, ranked 7th in the world for ease of trading across
borders, is an ideal location for international, intermodal
distribution and transit activities.

14. Accessibility
 Toll free roads, excellent capacity, 10 border inspection posts from Estonia to Russia
 Electronic pre-arrival customs processing for the European Union and Russia border
checkpoints
 Excellent national and international rail network with particularly strong links to Russia
including partnership with Russia’s major wagon owners Containers to Central Asia:
regular train “Baltic Transit” operated since 2003
 Regular container train service Tallinn – Minsk – Black Sea
 Future: Southward extension, i.e. Turkey etc.
 Land and sea bridge connecting to the Far East
Land
Sea
Air
 Port of Tallinn – the largest and deepest (18 m of depth) port of the Baltic Sea
 Port of Sillamäe – the easternmost port of the European Union
 EU tax exemption in the customs-free zones of the ports
 All-year navigation without assistance of ice breakers
 An ideal location for cargo shipment to neighbouring markets
 2 international airports: Tallinn, Tartu
 Most European capitals served directly within 3 hours
 7.5hr flight to Beijing – shortest in the EU
 Global connections via Copenhagen, Helsinki, London
 Helsinki connection provides frequent services from Europe to Far Eastern cities in
China, Japan and South Korea

15. Location - Markets sizes and delivery times
 Russia – 143.8 mln
 to St.Petersburg – 24 hours (by train)
 to Moscow – 24 hours (by train) 48 hours (by truck)
 Finland – 5.2 mln
 to Helsinki – 3 hours (by ship/truck)
 Latvia & Lithuania – 6 mln
 to Riga – 4 hours (by truck)
 to Vilnius – 8 hours (by truck)
 Belorussia – 10 mln
 to Minsk – 24 hours (by train) 48 hours (by truck)
 Ukraine – 46 mln
 to Black Sea – 2 days (by truck) 5 days (by train)

16. Industrial & Science Parks
 SILPORT hinterland territory of 600 ha has the Free
Zone status and is available for developing different
terminals, distribution and manufacturing facilities.
 SAIVTA is developing 6 industrial parks in Ida-Viru
County in Eastern Estonia, a key development area.
 Paldiski South Harbour Industrial Park - located 50
km west of Tallinn and it is the third largest harbour of
the five harbours belonging to Port of Tallinn. A 21 ha
industrial park area bordering on the harbour is
developed.
 Muuga Industrial Park is located in Muuga
Harbour, near Tallinn, the largest and deepest cargo
port in Estonia. The total area of the industrial park is
75 ha.
Extensive network of quality
sites for different user types at
all stages of the development
process

17. Free Zone area – Transit Benefits
 Free zone enables to set up distribution or manufacturing facilities
 Free zone regime exempts from Value Added Tax (VAT) & customs
duties, excise taxes on transit cargo
 But preserves Estonian speciality – exemption from corporate
income tax on retained earnings
 There are 4 free zones in Estonia:
 Port of Muuga
 Port of Sillamäe
 Paldiski Northern Port
 Valga free zone

18. Customs
 EU common customs tariffs
 The online tariff dataase – TARIC
 Electronic customs board for tax administration
 From 1 August 2011, the new procedure of border crossing works on
the Estonian–Russian border and all motor vehicles are obliged to
book a place in the electronic border queue in the Russian direction.
Information and booking at the Internet addresses
www.eestipiir.ee and www.estonianborder.eu
 Estonian Tax and Customs Office:
http://www.emta.ee/index.php?id=1939

19. Cutting Edge ICT connectivity
 By 2015 all Estonian households,
enterprises and institutions will
have access to the broadband
network with the data connection
speed of up to 100 Mbit/s
 Fiber optical backbone network
connects all Estonian county
centers
 The country is completely covered
by digital networks providing
wireless internet
 A network of Public Access Points
covers most cities and towns
Fiber optical
network in 2015
Fiber optical
network today

20. Estonia is part of the Nordic
electricity market
 Estonia is part of Nordic electricity market and Estonian electricity
system is connected also with Russia and Latvia.
 Estonian energy system is the only predominantly oil-shale-based
energy production system in the world.
 The biggest energy producer in Estonia is Eesti Energia, a 100%
state-owned company.
 The price of electricity consists of four components: electricity,
network service, renewable energy support and excise duty.
 Electricity market is 100% open starting January 2013.

21. Natural gas market
 Natural gas is imported into Estonia
from Russia and from Latvia
 Estonian natural gas company is Eesti
Gaas
 Network services to all participants of
the natural gas market on the territory
of Estonia are provided by EG
Võrguteenus
 The price of gas consists of three
elements: gas, network service and
excise duty
 The price for industrial users is a
matter of negotiations
8.51
8.97
9.36
9.82 9.94
10.88
12.04
12.4612.48
13.76
0
2
4
6
8
10
12
14
16 Gas price for industries, 2012 (EUR per
GJ)
Source: Eurostat

22. Labour market and education
system
 Total labour force: 691,000
 The unemployment rate: 10,2% in
2012
 General working time: 8 hours a
day, 5 days per week. The duration of
one shift may not exceed 12 hours
 Overtime is allowed by mutual
agreement
 The duration of the annual vacation:
28 days
 10 Public holidays a year
 The average wages in Estonia in 2012
was EUR 887. The monthly minimum
wage for full-time work is EUR 320.
Education system
 7 universities (6 public, 1 private) - ca
49,400 students
o University of Tartu – 17,200
students
o Tallinn University of Technology –
13,900 students
o Tallinn University – 10,300
students
 22 other professional higher
education institutions – ca 15,400
students
 48 vocational schools - ca 26,200
students
 214 gymnasiums (high schools) - ca
24,000 students

23. Living in Estonia
 Living cost lower that in Scandinavian countries, according to the
www.xpatulator.com database, Tallinn is in 285th place out of 780 cities
 Most health services covered by general medical insurance system - all
persons insured with the Health Insurance Fund have a family practitioner
 Education: pre-school care, obligation to attend school from the age of 7 –
basic, secondary and higher education. 2 international schools in Tallinn
 Social insurance in the EU: http://www.sm.ee/eng/for-
you/employees/social-insurance-in-the-eu.html

24. Why make business with Estonia?
 A highly progressive environment that offers an efficient
way of doing business.
 Highly developed infrastructure that supports business
development.
 Among the most successful countries in the world in
attracting inward investment.
Among the most successful countries to
attract foreign investments – all
entrepreneurs are treated equally.

25. Estonian foreign trade -
commodities, (EUR bln)
0
2
4
6
8
10
12
14
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
10
months
4,7
6.2
7.7 8
8.5
6.5
8.8
12.1
12.5
10.3
6.7
8.2
10.7
11.4
10.9
7.6
9.2
12.6
13.8
11.5
Exports Imports
Source: Statistics Estonia

26. Sweden 15,9%
Finland 14,5%
Russia 12,1%
Latvia 8,7%
Lithuania 5,4%
USA 4,7%
Germany 4,5%
Norway 3,4%
Netherlands 2,5%
Others 28,3%
Commodities exports by country
and commodity, 2012
Commodities exports represent 74% of Estonia’s GDP
Source: Statistics Estonia
Machinery and appliances 28,7%
Mineral products 15%
Base metals and articles of metals 8,3%
Wood and articles of wood 7,4%
Miscellaneous manufactured
products
6,6%
Chemical products 5,2%
Transport equipment 5%
Food products 4%
Live animals, animal products 3,3%
Plastics and rubber 3,1%
Other 13,4%

27. Finland 14,4%
Germany 10,3%
Sweden 10,2%
Latvia 9,6%
Lithuania 8,6%
Russia 6,8%
Poland 6,3%
Netherlands 3,8%
UK 3,8%
China 3,5%
Others 22,7%
Commodities imports by country
and commodity, 2012
Source: Statistics Estonia
Machinery and appliances 28,4%
Mineral products 15,5%
Transport equipment 9,2%
Chemical products 8,2%
Base metals and articles of metals 7,7%
Food products 5,6%
Plastics and rubber 4,9%
Textiles and textile articles 4%
Wood and articles of wood 2,4%
Vegetable products 2,1%
Other 12%

28. Estonian foreign trade - services,
(EUR bln)
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 9
months
4,7
2.6
2.9
3.3
3.5
3.2
3.4
3.9
4.2
3.3
1.4
1.8
2
2.2
2.3
1.8
2.1
2.7
3
1.4
Exports Imports
Source: Bank of Estonia

29. Structure of FDI inflow, (EUR m)
822.2
770.8
2302.2
1431.9
1985.0
1181.8
1324.5
1206.8
244.9
1180.5
129.1
409.5
510.1
567.9
1000.1
1373
870.6
408.4
1013.9
989.9
972.4
280.9
-1000
-500
0
500
1000
1500
2000
2500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
1H
FDI inflow reinvested profits Source: Bank of Estonia
Total stock: EUR 15 bln

30. Structure of FDI outflow, (EUR m)
137.4
216.6
556
881.6
1275.6
760.2
1113.9
107.3
-1044.8
740.8
80.3
-1500
-1000
-500
0
500
1000
1500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
1H
FDI outflow reinvested profits
Source: Bank of Estonia
Total stock: EUR 4.6 bln

31. FDI inflow by countries and
activity, stock as of 30.06.2013
Sweden 27,1%
Finland 23,0%
Netherlands 9,9%
Russia 4,9%
Norway 4,6%
Lithuania 3,0%
Cypros 2,9%
Denmark 2,5%
Luxembourg 2,2%
USA 2,2%
Other 17,7%
Financial and insurance activities 24,1%
Manufacturing 15,9%
Wholesale and retail trade 12,9%
Real estate activities 8,9%
Professional, scientific, technical activities 8,8%
Transportation and storage 5,7%
Agriculture, foresty and fishery 2,7%
Information and communication 2,6%
Other 18,4%
Source: Bank of Estonia

32. FDI outflow by countries and
activity, stock as of 30.06.2013
Cyprus 30,9%
Lithuania 19,0%
Latvia 17,1%
Ukraine 6,1%
Russia 4,8%
Netherlands 3,4%
Finland 3,0%
Others 15,7%
Transportation and storage 28,9%
Professional, scientific, technical activities 19,3%
Financial and insurance activities 16,3%
Real estate activities 12,4%
Wholesale and retail trade 8,1%
Manufacturing 4,2%
Other 10,8%
Source: Bank of Estonia

33. Key sectors
 ICT
 Transport and logistics services
 Business and financial services
 Industrial machinery and metalworking
 Electronics
Industrial opportunities –
Engineering and metalworking

34. Competitive Advantage in Mechanical
Engineering Products
- opportunities as a near-shore manufacturing hub for both in-
house and outsourced production, services and distribution
- a dynamic, internationally focused mechanical engineering
ecosystem, excellent accessibility, a sustainable, high-quality
skills base and competitive, low-inflation costs.
 1,250 companies are active in the machinery and metalworking
sector, ca 18,200 direct employees
 EUR 1.4 billion revenues, of which 67% is generated from exports
 3 main branches
 Metals and metal products – 64% of total revenues
 Transport equipment – 22% of total revenues. 91% of transport
equipment production is exported
 Machinery, tools & equipment – 14% of total revenues

35. Summary – Why Estonia?
Competitive advantages in mechanical engineering products
Strategic location – global
vision
 Baltic, Nordic and Western European connections
 Proximity to Russia and other CEE markets
 Exports represent more than 100% of Estonia’s GDP
Dynamic engineering
industry ecosystem
 World class foreign investors supported by extensive local supply chains
 Productivity increased by 48% in 5 years
 Development and production of globally innovative products
Quality talent pool–
resourcing for business
 98,000 engineers
 50% of engineers studied specialized or vocational engineering courses
R&D know how
 High quality universities - Ranked 19th in the world for the quality of math and
science education
 Government support - Zero % tax on re-invested profits
 Mechatronics Innovation Centre at Tehnopol
Competitive costs & taxes –
outstanding value
 Labour costs are at least a third of those in Sweden or Finland
 Prime land values €20/m², prime bulk industrial space rent €4/m²
 Simple, flat rate tax system
Progressive infrastructure
 Sites – scalable and accessible
 Ports – growth potential, open year round
 100% fibre broadband by 2015
Easy to do business
 Ranked by the IMD, World Bank and the World Economic Forum as the easiest
place to do business in CEE
 Ranked 7th in the world for ease of trading across borders
Low risk
 Lowest government debt in Europe (10.1% of GDP in 2012)
 Sustainable workforce – 8% unemployment; latent engineering talent pool
 Political & economic stability – joined the Euro in January 2011
 Security – NATO chose Estonia for its cyber security operations

36. Opportunities for Mechanical
Engineering Companies
 Metals & fabricated metal
products
 Tool-making
 Machinery & equipment
 Automotive components
 Ship and boat building
Key Specialisms Opportunities
 Nordic and Baltic production & distribution hub
 Contract manufacturing & engineering services
 High-end welding
 Precision tungsten carbide dies
 Design & R&D services
 Product development , piloting & testing
 Ideal “small country” test market
 Scalable development sites around major sea
& land hubs

37. Successes Stories
OEMs using Estonia as an International Production &
Distribution Hub

38. 6. Quality Talent Pool –
Engineering Workforce
Of the total available Estonian engineering talent
pool, around 47% are not currently working in a
hands-on engineering role. These 46,700 skilled
people represent an under-utilized and readily
available recruitment base for foreign companies.
The high prevalence of private sector employers is
indicative of the breadth of skills available within
engineering, gained through exposure to a greater
variety of projects.
Source: Oxford Intelligence Location Skills Audit© 2010
Status
Adults with Engineering
Skills
TOTAL 98,300
Currently work in
engineering role
51,600
Previously worked in
an engineering role
46,700
Private
Sector big
company
24%
Private
Sector
medium
company
26%
Private
Sector small
company
30%
Government/
Government
agency or
other public
sector 10%
Education
school 1%
Education
further or
adult
education 1%
Self
employed 8%
Engineering Professional Workforce segmented
by Organizational Type

39. 6. Quality Talent Pool –
Engineers: Qualified & Experienced
Source: Oxford Intelligence Location Skills Audit© 2010
Rank Education Levels Workforce
1
Specialised
Secondary
45,700
2 Master’s Degree 19,100
3 Bachelor’s Degree 8,700
4 Doctorate / PhD 900
Almost half of the engineering workforce has
studied either a specialised or vocational
engineering course, highlighting that
government support for the sector is strong.
Estonia is ensuring that its talent pool is being
refreshed, to guarantee a plentiful supply of
employees for the future. This continues to be
balanced with experience, which will service
corporate needs for middle management and
more senior ranking positions.
0% 10% 20% 30% 40% 50%
less than 2 years
2-5 years
5-10 years
10 years or more
Experience working in a Technical
Engineering Role

40. 6. Quality Talent Pool –
Engineers: Key Specialisms
Source: Oxford Intelligence Location Skills Audit© 2010
Companies recruiting in Estonia can readily
access a diverse range of engineering skills
ability, supported by experience. Talent pools
for more niche skills such as Thermal Power
and Environmental engineering, are becoming
more prevalent.
Rank Engineering Skill Workforce
1
Electrical and
Electronics
26,700
2 Mechanical 22,200
3
Industrial and
Manufacturing
22,000

41. 6. Quality Talent Pool -
Number of students and graduates
Name of
faculty
Name of the
study
programme
2011/2012 2012/2013
Social
sciences,
business &
law
Social and
behavioural
sciences
3,746 3,487
Journalism 1,161 1,067
Business
Administration
16,427 15,637
Law 3,448 3,124
Technical
sciences,
production
and
construction
Production and
processing
3,751 3,748
Techical sciences 10,826 10,749
Architecture and
construction
6,392 6,098
Name of
faculty
Name of the
study
programme
2010/2011 2011/2012
Social
sciences,
business &
law
Social and
behavioural
sciences
679 626
Journalism 234 210
Business
Administration
3,870 2,284
Law 708 688
Technical
sciences,
production
and
construction
Production and
processing
881 1,002
Techical sciences 2,473 2,244
Architecture and
construction
1,392 1,193
Number of students Number of graduates
Source: Ministry of Education and Research World class talent: according to the World Economic Forum’s 2012-
2013 Global Competitiveness Index, Estonia was ranked 19th in the
world for the quality of its math and science education.
Universities & vocational colleges: student base = 91,000

42. 8. Competitive Costs – Labour & Property
Source: Financial Times, fDiBenchmark.com, autumn 2013
Approximately four to five times lower labour costs compared to Germany and Sweden in
the manufacturing of machinery & equipment
0.83
0.94
1.10
1.21
1.46
2.84
3.79
4.92
0.00
1.00
2.00
3.00
4.00
5.00
6.00
Latvia Lithuania Estonia Hungary Czech
Republic
UK Finland Sweden
Total labour costs, MEUR/year
Machine tools & equipment, 110 persons
Benchmark locations
 Head of Manufacturing – 1
 Production Manager – 1
 Quality Control Manager – 1
 Facilities/Office Services Specialist – 2
 Secretary – 3
 Warehouse and Distribution Operative – 3
 Quality Control Specialist – 3
 Engineer – 7
 Production Operative (Highly Skilled) – 9
 Production Operative (Skilled) – 25
 Production Operative (Unskilled) – 52
Competitive labour costs, with a
Scandinavian-like culture

43. 8. Competitive Costs & Taxes –
Manufacturing Salaries
Source: FONTES Estonia Compensation Survey 2013
http://www.fontes.ee/eng/fontes
Role Monthly Annual
Assembly line worker 630 7,500
Senior assembly line worker 700 8,900
Foreman 1,000 11,400
Mechanical engineer 1,200 13,300
Chief engineer 2,100 25,000
Plant manager 2,400 31,200
R&D/Product development director 3,000 38,000
Head of production 3,100 42,900
Median Salaries 2013 – Capital Region, gross EUR/month

44. 8. Competitive Costs – Property Market
Indicative range for rents (excluding VAT and operating expenses) in major towns of
Estonia for class A and B1 office premises (EUR/m2 per month).
Class A –property with professional property management company, located in Downtown (Südalinn),
completely new construction, fully controllable technical systems, reasonable column spacing, raised
floors and suspending ceilings, good underground parking ratio, corresponding infrastructure/amenities in
the building (including cafeteria).
Class B1 –reconstructed or newly constructed building with fully or partially replaced technical systems,
located in City Centre (Kesklinn) or on the edge of the City Centre; possibility to install raised floors and
suspending ceilings, western-standard interior fit-out, and surfaces parking.
Type of space Tallinn Tartu Pärnu Narva
Office 5.5 – 15.1 4.8 – 11.5 4.0 – 8.0 3.1 – 5.5
Industrial 2.8 - 5.0 2.0 - 4.0 1.6 - 4.4 1.9 - 3.8
Source: Colliers International
4.2 4.2 4.2
5.3
6
7.5
13.2
0
2
4
6
8
10
12
14
Tallinn Berlin Warsaw Stockholm Paris Helsinki London
Industrial rents in 2012, bulk space
(EUR/sqm/month)

45. Estonian Investment Agency –
free consultancy services to
potential foreign investors
www.investinestonia.com
www.estonia.eu

46. Thank you!
Ele Merike Pärtel
Estonian Investment Agency
ele-merike.partel@eas.ee
www.investinestonia.com