Estonia overview

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In Estonia we focus on:

Supporting investments in energy efficiency and renewable energy. Supporting energy efficiency investments particularly in industrial companies as well as investments in renewable energy generation continue to be the EBRDs key priorities in Estonia.

Improving the competitiveness of the export sector. To assist in improving exporting enterprises competitiveness through increased usage of advanced technology and to invest in equity and mezzanine funds in order to facilitate further development of the SME sector.

Supporting cross-border investments by Estonian companies, particularly in the EBRD’s region of operations, to enable Estonian firms to establish a foothold in foreign markets and benefit from efficiencies that access to larger markets would bring.

Estonia is a supporter of the Eastern Europe Energy Efficiency and Environment Partnership Fund and has contributed €570,000 to date in activities in Belarus, Ukraine, Georgia and Moldova.

The EBRD’s latest strategy for Estonia was adopted on 10 February 2016

Estonia's policy response to the coronavirus crisis

The EBRD is monitoring Estonia's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

Current EBRD forecast for Estonia’s real GDP growth in 2021 4.0%

Estonia went through a lockdown from the beginning of March 2020, with a serious downturn in economic activity. Relaxation of social distancing measures since end-April has prompted a partial recovery. GDP declined by 3.3 per cent year-on-year in the first half of the year. Retail turnover growth turned positive in May in year-on-year terms, but industrial production and goods exports have been slower to recover.

Estonia in the EBRD’s 2020-21 Transition Report


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