Altogether 21,947 new businesses and self-employed persons were established in Estonia in 2017, it appears from data available from the Centre of Registers and Information Systems (RIK).
The number of such entities established in 2016 was 20,472, indicating a 7.2 percent increase on year in 2017.
In a breakdown by month, the number of incorporated entities established was highst in October at 2,034.
67 percent of all incorporated entities established in 2017 were established in Harju County.
Number of bankruptcies also up
The number of incorporated entities to go bankrupt during the year increased by seven percent as well, from 143 in 2016 to 153 last year.
Incorporated entities are public limited companies, private limited companies, commercial associations, general partnerships, limited partnerships and self-employed persons.
Editor: Aili Vahtla