Foreign Investor Interest Picking Up

Different kind of boxes: foreign investment in technology production is now outpacing investment in real estate Photo: Postimees/Scanpix
2/18/2011 11:26 AM
Category: Economy

Foreign investor interest in Estonia is growing again - over 100 foreign investment projects are currently being processed by Enterprise Estonia, which is much more than in the two previous years put together. 

Enterprise Estonia management board member Maria Alajõe said that only around ten foreign investment projects were being processed in 2008. 

The state enterprise fund is even more pleased that to an increasing extent, foreign investors are looking for qualified workforce in Estonia, ETV reported.

"I would say the primary sectors are electronics and mechanical engineering where we clearly possess workforce of a good level," said Alajõe. "One could say we have become an integrated part of the corresponding sectors in the Nordics. IT and business services have also come to life."  

Central European and Russian investors are also showing interest, many of the Russian ones looking at Ida-Viru County.

In the last ten years, 60 percent of foreign investment in Estonia went to the real estate or financial services sectors. Processing industry only received about 10 percent, but now most of the major projects take place precisely there.


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