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Estonia strategy

Estonia has made substantial progress in transition since independence and is now one of the most advanced countries in the region. Some 80 per cent of economic activity is in the private sector, and price and trade liberalisation, enterprise restructuring and effective financial sector reforms have taken place. There is an open foreign trade regime and there are no major constraints to foreign investment.

Strategy (432KB - PDF)

Local language translation (369KB - PDF)

Challenges

There is a need to reinforce the stability of the financial system, while ensuring the sector’s contribution to economic restructuring. Another key challenge is to improve long-term competitiveness: further reforms in the areas of education, innovation, competition policy and infrastructure reform will be necessary to ensure competitive advantages that will attract foreign investment. Also on the agenda is the promotion of sufficient alternative energy supply, energy efficiency and renewable energy and the need to modernise municipal and environmental infrastructure.

The EBRD and Estonia

In Estonia the EBRD aims to foster commercial banks’ continued lending to the corporate sector, particularly to SMEs, and to provide higher-risk products such as equity for local corporations to fund their growth and improvements in competitiveness. The Bank will support municipalities, where appropriate, through public-private partnerships and through financial institutions to ensure commercial co-financing for EU funded projects. And it will facilitate investments in the diversification of energy supply, in energy efficiency and renewable energy.

Last updated 21 April 2010

Publications

  • Estonia factsheet

    Estonia factsheet

    This document provides an overview of the EBRD's work in Estonia.

© European Bank for Reconstruction and Development 2012