Pace of Setting Up New Businesses At 3-Year High ({{commentsTotal}})

Fewer kids, but more business
Fewer kids, but more business Source: Photo: Postimees/Scanpix

Over 3,000 new private limited companies (OÜ) companies were registered in Estonia in the first quarter, closing in on a total of 140,000.

The highest increase came in the retail and wholesale sectors (615 new businesses), followed by science, technology and vocational businesses (493) and maintenance companies (312), Äripäev reported today.

The number of registered companies will surpass 140,000 in the next month or two, having only been at the 60,000 mark in 2005. The number of public limited companies (AS) continues to decline, although the pace of decline has slowed down. The figure is 3,824, 27 fewer than at the beginning of January.