131-612: Kirikumäe is a settlement in Võru Parish , Võru County in southeastern Estonia . This Võru County location article is a stub . You can help Misplaced Pages by expanding it . Estonia – in Europe (green & dark grey) – in the European Union (green) – [ Legend ] Estonia , officially the Republic of Estonia , is a country by
262-593: A circular economy strategic document and action plan by 2021. In March 2020, the Estonian Circular Economy Industries Association, specified that Estonia should consider the new European Green Deal and principles of circular economy when making investments to recover the economy after Covid. Estonia has around 600,000 employees, yet the country has a shortage of skilled labor, and since skill shortages are experienced everywhere in Europe,
393-572: A crusade to "defend the Christians of Livonia ". Fighting reached Estonia in 1206, when Danish King Valdemar II unsuccessfully invaded Saaremaa . The German Livonian Brothers of the Sword , who had previously subjugated Livonians , Latgalians , and Selonians , started campaigning against the Estonians in 1208, and over the next few years both sides made numerous raids and counter-raids. A major leader of
524-506: A market economy , it emerged as a pioneer in the global economy. Estonia styled itself as a bridge between East and West, adopting significant economic reforms and technological innovations. In June 1992, Estonia replaced the ruble with its own freely convertible currency, the kroon . A currency board was created and the new currency was pegged to the German Mark at the rate of 8 Estonian kroons per Deutsche Mark . When Germany introduced
655-476: A brutal crackdown; some 500 people were executed and hundreds more jailed or deported to Siberia. During World War I , over 100,000 Estonian men were mobilized into the Imperial Russian Army . Of these, approximately 8,000 to 10,000 perished, and one in five suffered injuries. In the turmoil of war, ideas for establishing an Estonian national army began to take root, while the shortages and hardships on
786-753: A campaign of terror, culminating in March 1949 with operation Priboi – the mass deportation of around 20,000 Estonians to the gulag system in Siberia. Full collectivization followed shortly after, marking a new phase of Soviet control over Estonia's economy. Simultaneously, the Soviet Union initiated Russification policies that sought to reshape Estonia's demographics and dilute its cultural identity. Large numbers of ethnic Russians and other Soviet citizens were resettled in Estonia, threatening to turn native Estonians into
917-520: A major revolt ejected the Germans and Danes from the whole of Estonia, except Tallinn, but the crusaders soon resumed their offensive, and in 1227, Saaremaa was the last maakond (county) to surrender. After the crusade, the territory of present-day south Estonia and Latvia was named Terra Mariana ; later on it became known simply as Livonia . Northern Estonia became the Danish Duchy of Estonia , while
1048-418: A major split happened in the national movement. The moderate wing led by Hurt focused on development of culture and Estonian education, while the radical wing led by Jakobson started demanding increased political and economical rights. At the end of the 19th century, Russification began, as the central government initiated various administrative and cultural measures to tie Baltic governorates more closely to
1179-509: A minority in their own homeland. Between 1945 and 1989, the proportion of ethnic Estonians in the country dropped from 97% to 62%. The Communist Party of Estonia , dominated by ethnic Russians, acted as a mechanism for this demographic shift. Occupying authorities carried out campaigns of ethnic cleansing, mass deportation of indigenous populations, and mass colonization by Russian settlers. Estonians faced additional hardships, as thousands were forcibly conscripted into Soviet conflicts, including
1310-629: A permanent basis is taking top positions in the Economic Freedom Index (8th place) and in the Ease of Doing Business Index (18th place). In 2011, according to projections made by CEPII by 2050, Estonia could become the most productive country in the EU, after Luxembourg, and so join the top five most productive nations in the world. According to the Ministry of Environment , Estonia committed to developing
1441-891: A shared nuclear facility with Latvia and Lithuania. Those plans were shelved after the Fukushima Daiichi nuclear disaster in March 2011. Estonia has high Internet penetration, and connections are available throughout most of the country. Estonia exports electrical equipment (14% of all exports annually), wood and wooden articles (11% of all exports annually), food and agricultural products (11% of all exports annually), mineral products (10% of all exports annually), and transport equipment (10% of all exports annually). Estonia imports electrical and transport equipment (26% of all imports annually, 13% each), mineral products (12% of all imports annually), food and agricultural products (11% of all imports annually), machinery and mechanical appliances (10% of all imports annually). The following table shows
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#17328805286131572-529: A single parish. By the 13th century, Estonia was divided into eight major counties – Harjumaa , Järvamaa , Läänemaa , Revala , Saaremaa , Sakala , Ugandi , and Virumaa – as well as several smaller, single-parish counties. These counties operated as independent entities and only formed loose alliances for defense against foreign threats. Estonia's culture during this period was split into two primary regions. Northern and western coastal areas maintained close connections with Scandinavia and Finland , while
1703-510: A strong service sector, particularly in IT due to the Tiigrihüpe project, and advanced e-government services. Estonia's commitment to a circular economy , innovation and its success in maintaining a balanced budget, low public debt, and a competitive tax system have positioned it as a model of economic reform and growth in post-Soviet Europe. In the decades prior to World War I and independence, during
1834-428: A supreme deity worshiped by the islanders of Saaremaa. Sacred groves , particularly those of oak trees, played a significant role in pagan worship practices. Christianity – both Western Catholicism and Eastern Orthodoxy – started to be introduced by foreign traders and missionaries since the 10th and 11th century, but most of the population retained their indigenous beliefs. In 1199, Pope Innocent III declared
1965-522: A trade intermediary between Novgorod and western Hanseatic cities, while Tartu filled the same role with Pskov . Many artisans' and merchants guilds were formed during the period. Protected by their stone walls and membership in the Hansa, prosperous cities like Tallinn and Tartu often defied other rulers of the medieval Livonian Confederation . The Reformation began in central Europe in 1517, and soon spread northward to Livonia despite some opposition by
2096-713: Is getting much business from traffic between European Union and Russia, especially oil cargo through Estonian ports. Transit trade's share of GDP is disputed, but many agree that Russia's increased hostility is decreasing the share. Instead of coal, electricity is generated by burning oil shale, with largest stations in Narva . Oil shale supplies around 70% of the country's primary energy. Other energy sources are natural gas imported from Russia, wood, motor fuels , and fuel oils . Wind power in Estonia amounts to 58.1 megawatts , whilst roughly 399 megawatts worth of projects are currently being developed. Estonian energy liberalization
2227-477: Is lagging far behind the Nordic energy market . During the accession negotiations with the EU, Estonia agreed that at least 35% of the market are opened before 2009 and all of non-household market, which totals around 77% of consumption, before 2013. Estonia is concerned that Russia could use energy markets to bully it. In 2009, the government considered granting permits to nuclear power companies, and there were plans for
2358-494: Is one of the least populous members of the European Union and NATO . Estonia has consistently ranked highly in international rankings for quality of life , education , press freedom , digitalisation of public services and the prevalence of technology companies. The name Estonia ( Estonian : Eesti [ˈeˑstʲi] ) has been connected to Aesti , a people first mentioned by Ancient Roman historian Tacitus around 98 CE. Some modern historians believe he
2489-642: Is starkly evident in the archaeological record, with a sharp drop in the number of sites and grave finds, indicating a severe population decline and slow recovery. North Estonian coast was strategically located on the route from the Varangians to the Greeks , making Estonia a trade hub while also being both a target and starting point for many raids. Coastal Estonians, particularly Oeselians from Saaremaa , adopted Viking lifestyle. Several Scandinavian sagas referred to major confrontations with Estonians, notably when in
2620-642: Is the Pulli settlement ; according to radiocarbon dating , it was settled around 11,000 years ago. The earliest human habitation during the Mesolithic period is connected to the Kunda culture . Around 5300 BCE, ceramics appear of the neolithic period, known as Narva culture . This was followed by the Comb Ceramic culture around 3900 BC, bringing early agriculture and sophisticated religious art. Starting from around 2800 BC
2751-411: Is the largest airport in Estonia, with 1,73 million passengers and 22,764 tons of cargo (annual cargo growth 119.7%) in 2007. International flight companies such as SAS , Finnair , Lufthansa , EasyJet , and Nordic Aviation Group provide direct flights to 27 destinations. Approximately 7.5% of the country's workforce is employed in transportation and the sector contributes over 10% of GDP. Estonia
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#17328805286132882-434: Is virtually complete, with only the port and main power plants remaining in government hands. The constitution requires a balanced budget, and the protection afforded by Estonia's intellectual property laws is similar to that of the EU. Near-ideal conditions for the banking sector exist. Foreigners are not restricted from buying bank shares or acquiring majority holdings. In 2013, the average monthly gross wage in Estonia
3013-451: Is widely recognised as one of the most liberal in the world at that time. The Great Depression put heavy pressure on Estonia's political system, and in 1933, the right-wing Vaps movement spearheaded a constitutional reform establishing a strong presidency. On 12 March 1934 the acting head of state, Konstantin Päts , extended a state of emergency over the entire country, under the pretext that
3144-544: The Letter of 40 intellectuals in 1980, which openly criticized Soviet policies. Most Western nations refused to recognize Estonia's annexation by the Soviet Union, maintaining that it was illegal under international law. Legal continuity of the Estonian state was preserved through the government-in-exile and the Estonian diplomatic representatives which Western governments continued to recognise. This stance drew support from
3275-554: The Baltic Sea in Northern Europe . It is bordered to the north by the Gulf of Finland across from Finland , to the west by the sea across from Sweden , to the south by Latvia , and to the east by Lake Peipus and Russia . The territory of Estonia consists of the mainland , the larger islands of Saaremaa and Hiiumaa , and over 2,300 other islands and islets on the east coast of
3406-508: The Corded Ware culture appeared; this included new activities like primitive farming and animal husbandry. The Comb Ceramic and Corded Ware cultures coexisted in Estonia for a millennium, before eventually blending into a Bronze Age Estonian culture. Archaeological estimates place the population within Estonian territory at a modest level, with approximately 6,000 inhabitants in 3900 BC, rising to around 10,000 by 2000 BC. The Bronze Age saw
3537-525: The Estonian Constituent Assembly was elected. The Constituent Assembly passed a sweeping land reform expropriating large estates, and adopted a new highly liberal constitution establishing Estonia as a parliamentary democracy. In 1924, the Soviet Union organised a communist coup attempt , which quickly failed. Estonia's cultural-autonomy law for ethnic minorities, adopted in 1925,
3668-591: The Estonian War of Independence . The Red Army came within 30 km of Tallinn, but in January 1919, the Estonian Army , led by Johan Laidoner , went on a counter-offensive, ejecting Bolshevik forces from Estonia within a few weeks. Renewed Soviet attacks failed, and in the spring of 1919, the Estonian army, in co-operation with White Russian forces, advanced into Russia and Latvia . In June 1919, Estonia defeated
3799-448: The European Union in 2004, double-digit growth was soon observed. GDP grew by 8% in 2007 alone. Increases in labor costs, the imposition of tax on tobacco, alcohol, electricity, fuel, gas, and other external pressures (growing prices of oil and food on the global market) inflated prices in 2009. The financial crisis of 2007–2008 had a deep effect on the economy, primarily as a result of an investment and consumption slump, that followed
3930-487: The European Union . Estonia was one of the five worst-performing economies in the world in terms of annual growth, and had one of the hightest rates of unemployment in the EU, which rose from 4% in May 2008 to 16% in May 2009. In July 2009, the value-added tax was increased from 18% to 20%. The recorded budget deficit for 2009 was just 1.7% of GDP. The result was, that Estonia was one of only five EU countries in 2009 that met
4061-509: The Finnish and Swedish economies. After Estonia restored its independence in 1991 and became a market economy , it emerged as a pioneer in the global economy. Estonia styled itself as a bridge between East and West, adopting significant economic reforms and technological innovations. In 1992, the country adopted the Estonian kroon as its currency, this stabilised the economy. In 1994, it became
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4192-514: The Forest Brothers . By mid-July, the Forest Brothers' uprising succeeded in liberating South Estonia ahead of the advancing German army, allowing local institutions of the pre-war Republic of Estonia to resume operation. The USSR fully evacuated Tallinn by late August, suffering massive losses in the process. A puppet Estonian Self-Administration was established, and occupied Estonia
4323-694: The German Landeswehr which had attempted to dominate Latvia, restoring power to the government of Kārlis Ulmanis there. After the collapse of the White Russian forces, the Red Army launched a major offensive against Narva in late 1919, but failed to achieve a breakthrough. On 2 February 1920, the Tartu Peace Treaty was signed by Estonia and Soviet Russia, with the latter pledging to permanently give up all sovereign claims to Estonia. In April 1919,
4454-647: The Iron Curtain . In the late 1970s, Moscow's ideological pressure intensified with a new wave of Russian immigration, and Karl Vaino , an official from Moscow who barely spoke Estonian, was appointed head of the Communist Party of Estonia . Estonian dissidents, responding to this escalating Russification, grew increasingly vocal, with notable protests such as the Baltic Appeal to the United Nations in 1979, and
4585-531: The Learned Estonian Society and other scientific societies, supported Estonian-language education and founded the first newspapers in the Estonian language. They also began to value and collect the Estonian folklore , including surviving pre-Christian myths and traditions. Another sign of a rising Estonian national consciousness was a mass movement in South Estonia to convert to Eastern Orthodoxy in
4716-670: The Novgorod Slavs who migrated to the area, expanding westward. Kievan Rus attempted to subjugate Estonia in the 11th century, with Yaroslav the Wise capturing Tartu around 1030. This foothold lasted until 1061 when an Estonian tribe, the Sosols, destroyed it. In 1187, Estonians, Curonians and Karelians sacked Sigtuna , which was a major city of Sweden at the time. In the early centuries AD, Estonia's first political and administrative subdivisions began to take shape. The primary units were
4847-558: The Soviet–Afghan War and the Chernobyl disaster cleanup. The Soviet regime seized all industry and centralized agriculture, emphasizing heavy industrial development that often neglected local well-being and caused significant environmental damage. The military presence was pervasive, with closed military zones occupying 2% of the country, while entry into coastal areas required special permits, rendering Estonia partially isolated from
4978-571: The Stimson Doctrine , which denied recognition of territorial changes enacted through force, and appeared on USA-made maps, which carried disclaimers affirming non-recognition of the 1940 Soviet annexation. In 1980, Tallinn hosted the sailing events for the Moscow Olympics , an occasion that triggered international boycotts in protest of both the Soviet invasion of Afghanistan and the occupation of
5109-475: The Tallinn Stock Exchange , a member OMX system. The Estonian service sector employs over 60% of workforce. Estonia has a strong information technology (IT) sector, partly due to the Tiigrihüpe project undertaken in mid-1990s, and has been mentioned as the most "wired" and advanced country in Europe in the terms of e-government . Farming, which had been forcibly collectivized for decades until
5240-513: The Wielbark culture and Dollkeim-Kovrovo cultures. Historical sources identify these people as Goths and Aesti . There is some speculation that the name Estonia may have originated from the Aesti tribes. In the 4th century, Gothic ruler Ermanaric claimed to have subjugated the territories corresponding to Estonia, but there is no archaeological evidence to support this. The Late Antique Little Ice Age
5371-423: The euro the peg was changed to 15.6 kroons per euro. In 1994, it became the first country in the world to adopt a flat tax , with a rate of 26% regardless of personal income. Between 2005 and 2008, this was reduced to 21% over several steps. In early 1992, both liquidity problems and structural weakness stemming from the communist era precipitated a banking crisis. As a result, effective bankruptcy legislation
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5502-472: The interwar period , Estonia declared neutrality at the outbreak of World War II , however the country was repeatedly contested, invaded, and occupied ; first by the Soviet Union in 1940 , then Nazi Germany in 1941, and ultimately reoccupied in 1944 by, and annexed into, the USSR as an administrative subunit ( Estonian SSR ). Throughout the 1944–91 Soviet occupation, Estonia's de jure state continuity
5633-460: The " Soviet–Estonian Mutual Assistance Treaty ", allowing the USSR to establish military bases in Estonia. On 14 June 1940 the Soviet Union instituted a full naval and air blockade on Estonia, shooting down the airliner Kaleva . On 16 June, the USSR presented another ultimatum demanding free passage of the Red Army into Estonia and the establishment of a pro-Soviet government. Feeling that resistance
5764-478: The 1530s onward the regular religious services were held in Estonian. Early Estonian-language Protestant texts emerged, including Wanradt–Koell Catechism in 1535. During the 16th century, the expansionist monarchies of Muscovy , Sweden, and Poland–Lithuania consolidated power, posing a growing threat to decentralised Livonia weakened by disputes between cities, nobility, bishops, and the Order. In 1558, Tsar Ivan
5895-432: The 1840s, following a famine and a promise for being rewarded with land. By the 1850s, several leading figures were promoting an Estonian national identity among the general populace. Widespread farm buyouts by Estonians and the resulting rapidly growing class of land-owning farmers provided the economic basis for the political affirmation of the Estonian identity. In 1857, Johann Voldemar Jannsen started publishing one of
6026-581: The 1860s, such as a campaign to establish the Estonian language Alexander School, the founding of the Society of Estonian Literati and the Estonian Students' Society , and the first national song festival , held in 1869 in Tartu. Linguistic reforms helped to develop the Estonian language. The national epic Kalevipoeg was published in 1857, and 1870 saw the first performances of Estonian theatre . In 1878
6157-573: The 20th century and the indigenous Setos were converted to Eastern Orthodoxy . Initially, the Estonian nobles who accepted baptism were able to retain their power and influence by becoming vassals of the Danish king or the church; they intermarried with newcomer Crusader familiers and over the centuries become Germanised , leading to the ethnogenesis of the Baltic Germans . The Estonian pagans rose several times against foreign Christian rule. During
6288-477: The Baltic Sea, covering a total area of 45,335 square kilometres (17,504 sq mi). Tallinn , the capital city , and Tartu are the two largest urban areas . The Estonian language is the official language and the first language of the majority of the population of 1.4 million. Present-day Estonia has been inhabited by humans since at least 9,000 BCE. The medieval indigenous population of Estonia
6419-576: The Baltic states. Though the Olympics brought economic investments to Tallinn, many Estonian exiles and Western nations condemned the events held on occupied soil. The introduction of perestroika by the Soviet government in 1987 reopened the possibility for political activism in Estonia, sparking the Singing Revolution , a peaceful movement towards independence. One of the first major acts of resistance
6550-640: The Czarist rule a rather large industrial sector developed in Estonia. For example, the Kreenholm Manufacturing Company was then the world's largest cotton mill . After declaring independence in 1918, the Estonian War of Independence and the subsequent signing of the Treaty of Tartu in 1920, the new Estonian state inherited a ruined post-war economy and an inflated ruble currency. Despite considerable hardship, dislocation, and unemployment, Estonia spent
6681-710: The Estonian SSR to the Russian SFSR . Following the renewed Soviet occupation of Estonia, thousands of Estonians once again joined the Forest Brothers to resist Soviet rule. This armed resistance was particularly intense in the immediate post-war years, but Soviet forces eventually wore it down through relentless attrition tactics, bringing an end to organized armed resistance by the 1960s. The Soviet regime also intensified its policy of collectivisation , forcing Estonian farmers to abandon private agriculture and join state-run collectives. When locals resisted, authorities launched
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#17328805286136812-648: The Estonian borders again in early 1944, heightening fears of renewed Soviet occupation. The Estonian Self-Administration, with the support of major pre-war political parties and acting president Jüri Uluots , declared a general mobilization, drafting 38,000 men into the Waffen-SS . With significant support from Estonian units, German forces managed to halt the Soviet advance for six months in fierce battles near Narva . The Soviet Air Force launched extensive bombing raids on Tallinn and other Estonian cities, resulting in severe damage and loss of life. From July to September,
6943-587: The Estonian public education system appeared in the 1680s, largely due to efforts of Bengt Forselius , who also introduced orthographical reforms to written Estonian. The population of Estonia grew rapidly until the Great Famine of 1695–97 in which 70,000–75,000 people died – about 20% of the population. During the Great Northern War , Peter the Great of Russia launched another invasion of Estonia in 1700. By
7074-522: The Estonian resistance was Lembitu , an elder of Sakala County , but in 1217 the Estonians suffered a significant defeat in the Battle of St. Matthew's Day , where Lembitu was killed. In 1219, Valdemar II landed at Lindanise , defeated the Estonians in the Battle of Lyndanisse , and started conquering Northern Estonia. The next year, Sweden invaded Western Estonia, but were repelled by the Oeselians. In 1223,
7205-603: The Livonian Constitutions re-established Livonia as a Catholic bishopric, marking a turning point in religious influence in the region. Jesuit influence flourished, establishing institutions such as the Collegium Derpatense in Tartu, where Estonian-language catechisms were published to support local missions. Despite the Jesuits' efforts, including extensive publishing and education initiatives, their presence in Tartu
7336-560: The Livonian Order. Protestant preaching began actively in Tallinn in 1524, leading the town council to align with the Reformation by the following year. Similar events unfolded in Tartu, where tensions arose with Catholic Bishop Johann Blankenfeld, resulting in iconoclastic riots that damaged Catholic churches and monasteries in both cities. By the late 1520s, most Estonian towns had embraced
7467-512: The Maastricht criteria for debt and deficit, and had the third-lowest deficit after Luxembourg and Sweden; Estonia did not ask for support from the IMF . Despite the third-largest drop in GDP, the country had the lowest budget deficit and lowest public debt among Central and Eastern European countries. In 2009, the Estonian economy began to rebound, and economic growth resumed in the second half of 2010. The country's unemployment rate dropped significantly to pre-recession levels. To top it off, Estonia
7598-399: The Reformation, although Catholic influence remained stronger in Viljandi, Haapsalu , and Vana-Pärnu. Unlike the cities, rural areas were slower to adopt Protestantism, with Catholic influence persisting among local nobility and peasants well into the 1530s. With the Reformation, church services began to be conducted in vernacular language, which initially meant Low German , but already from
7729-458: The Russian central government to align Estonian governance with broader imperial standards, the autonomy of the Baltic provinces generally remained intact, as the tsarist regime sought to avoid conflicts with the local nobility. From 1783 to 1796, the administrative structure shifted temporarily under Empress Catherine II 's "Governorate System," aiming to centralize governance and bring the Baltic regions closer to imperial norms; however, this system
7860-424: The Soviet Union in 1932, and with Germany in 1939. In 1939, Estonia declared neutrality, but this proved futile in World War II . A week before the outbreak of World War II , the secret protocol of the Molotov–Ribbentrop Pact assigned Estonia to the Soviet Union 's sphere of influence. During the invasion of Poland , Joseph Stalin presented Estonia with an ultimatum, and the Estonian government signed
7991-437: The Soviet Union on 22 June, the Summer War began in Estonia. The Soviet authorities forcibly conscripted around 34,000 young Estonian men; fewer than 30% would survive the war. Soviet extermination battalions adopted a scorched-earth policy , massacring many civilians in the process, and NKVD units executed political prisoners who could not be evacuated. Thousands of Estonians joined anti-Soviet partisan groups known as
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#17328805286138122-444: The Soviet forces launched several major offensives , compelling German troops to withdraw. During the German retreat, Jüri Uluots appointed a government led by Otto Tief in a final effort to restore independence. The government took control in Tallinn and parts of western Estonia, but failed to stop the Soviet offensive, which captured Tallinn on 22 September and the rest of mainland Estonia shortly after. In November and December,
8253-450: The Terrible of Russia (Muscovy) invaded Livonia, starting the Livonian War . The Livonian Order was decisively defeated in 1560. The majority of Livonia accepted Polish–Lithuanian rule, while Tallinn and the nobles of northern Estonia swore loyalty to the Swedish king, and the Bishop of Ösel-Wiek sold his lands to the Danish king. Tsar Ivan's forces were at first able to conquer the larger part of Livonia. Epidemics of plague swept through
8384-451: The Vaps movement had been planning a coup. Päts went on to rule by decree for several years, while the parliament did not reconvene (" era of silence "). A new constitution was adopted in a 1937 referendum, and in 1938 a new bicameral parliament was elected in a popular vote, where both pro-government and opposition candidates participated. The Päts régime was relatively benign compared to other authoritarian régimes in interwar Europe, and
8515-407: The West. Estonia joined the League of Nations in 1921. Attempts to establish a larger alliance together with Finland , Poland , and Latvia failed, with only a mutual-defence pact being signed with Latvia in 1923, and later was followed up with the Baltic Entente of 1934. In the 1930s, Estonia also engaged in secret military co-operation with Finland . Non-aggression pacts were signed with
8646-490: The basis of Estonian prosperity. Trade focused on the local market and the West, particularly Germany and the United Kingdom. Only 3% of all commerce was with the USSR. Historically, Estonia's economy was agricultural, modernising significantly post-independence from Russia in 1918 . There was a notable knowledge sector in Tartu and expanding industrial sector, exemplified by the Kreenholm Manufacturing Company . Western European markets were familiar with Estonian dairy, with
8777-419: The board. After a long period of very high growth of GDP, the GDP of Estonia decreased. In the first quarter 2008, GDP grew only 0.1%, and then decreased: negative growth was −1.4% in the 2nd quarter, a little over −3% (on a year-to-year basis) in the 3rd quarter, and −9.4% in the 4th quarter of that year. The government made a supplementary negative budget, which was passed by the Riigikogu . The revenue of
8908-407: The budget was decreased for 2008 by EEK 6.1 billion and the expenditure by EEK 3.2 billion. A current account-deficit was extant, but began to shrink in late 2008. In 2009, the economy further contracted by 15% in the first quarter. Low domestic and foreign demand depressed the economy's overall output. The economy's 34% industrial production drop was the sharpest decrease in industrial production in
9039-469: The burst of the real estate market bubble that had been building up. In December 2008, Estonia became a donor country to the IMF -led rescue package for Latvia . In response to the crisis, the Ansip government opted for fiscal consolidation and retrenchment by maintaining fiscal discipline and a balanced budget in combination with austerity packages: The government increased taxes, and reduced public spending by slashing expenditures and public salaries across
9170-408: The commercial district of Tallinn and in a number of wealthy landowners' manors in the Estonian countryside. The flag of Estonia , adopted by the Estonian Students' Society since 1881, was prominently featured during these demonstrations. In December 1905, the first attempt to declare Estonia an independent country took place in the village of Vaali, Järvamaa . The Tsarist government responded with
9301-512: The committee declared Estonia's independence , forming the Estonian Provisional Government . Shortly thereafter, German occupation commenced, accompanied by an attempt to create the United Baltic Duchy , which aimed to establish a client state of the German Empire in the region. However, following Germany's defeat in World War I, the Germans were compelled to transfer power back to the Estonian Provisional Government on 19 November 1918. On 28 November 1918, Soviet Russia invaded , starting
9432-592: The continuity of the Estonian state and prepare the foundation for a restoration based on legal principles. In 1988, new political movements emerged, including the Popular Front of Estonia , representing a moderate faction within the independence movement, and the Estonian National Independence Party , which became the first non-communist political party legally registered in the Soviet Union. The parliament of Soviet-controlled Estonia asserted
9563-517: The decades following initial Christianization, there were several uprisings against the Teutonic rulers in Saaremaa. In 1343, a major uprising encompassed North Estonia and Saaremaa. The Teutonic Order suppressed the rebellion by 1345, and in 1346 the Danish king sold his possessions in Estonia to the Order. The unsuccessful rebellion led to a consolidation of power for the upper-class German minority. For
9694-466: The dominant faith. Estonia was divided into two governorates : the Governorate of Estonia , which included Tallinn and the northern part of Estonia, and the southern Governorate of Livonia , which extended to the northern part of Latvia. The rights of local farmers reached their lowest point, as serfdom completely dominated agricultural relations during the 18th century. Despite occasional attempts by
9825-502: The duration of the crisis, then stabilise to 13.8% by summer 2011, as the economy recovered on the basis of strong exports. Internal consumption, and therefore imports, plummeted; and cuts were made in public finances. Some of the reduction in unemployment has been attributed to some Estonians' emigrating for employment to Finland, the UK, Australia, and elsewhere. After the recession, the unemployment rate went lower, and throughout 2015 and 2016,
9956-534: The early 1950s, concentrated in the north-east of the country. Socialist economy and military areas left the country highly polluted, and mainly because of oil shale industry in Ida-Virumaa , sulfur dioxide emissions per person are almost as high as in the Czech Republic. The coastal seawater is polluted in certain locations, mainly the east. The government is looking for ways to reduce pollution further. In 2000,
10087-709: The early 7th century "Estonian Vikings" defeated and killed Ingvar Harra , the King of Swedes . The Salme ship burials dating from mid-8th century have been suggested as a possible starting point for the Viking Age in Europe. In the East Slavic sources, Estonians and other closely related Finnic tribes were known as Chuds . In 862, Chuds participated in the founding of the Rurik dynasty in Novgorod , gradually losing their influence to
10218-632: The emissions were 80% smaller than in 1980, and the amount of unpurified wastewater discharged to water bodies was 95% smaller than in 1980. Estonian productivity is experiencing rapid growth, and consequently wages are also rising quickly, with a rise in private consumption of about 8% in 2005. According to Estonian Institute of Economic Research, the largest contributors to GDP growth in 2005 were processing industry, financial intermediation, retailing and wholesale trade, transport and communications. Estonia produced in 2018: In addition to smaller productions of other agricultural products. In 2022,
10349-492: The empire. The Russian language replaced German and Estonian in most secondary schools and universities, and many social and cultural activities in local languages were suppressed. In the late 1890s, there was a new surge of nationalism with the rise of prominent figures like Jaan Tõnisson and Konstantin Päts . In the early 20th century, Estonians started taking over control of local governments in towns from Germans. Nationalist poets such as Juhan Liiv began openly calling for
10480-598: The ensuing Nazi and Soviet destruction during World War II crippled the Estonian economy. Post-war Soviet occupation and Sovietisation of life continued with the integration of Estonia's economy and industry into the USSR's centrally planned structure. More than 56% of Estonian farms were collectivised in the month of April 1949 alone after mass deportations to Siberia the previous month. Moscow expanded on those Estonian industries which had locally available raw materials, such as oil shale mining and phosphorites. After Estonia restored its independence in 1991 and became
10611-539: The era, though diverse in origin and political stance, depicted Ivan and his armies as barbaric and tyrannical, emphasizing the suffering of local populations under Muscovite occupation. These accounts helped to shape European perceptions of the conflict, solidifying Ivan's reputation as a brutal oppressor. This did not stop Magnus, Duke of Holstein from playing a controversial role marked by shifting allegiances and aspirations for power. On June 10, 1570, he arrived in Moscow and
10742-404: The establishment of an independent Estonian state. During the 1905 Revolution , the first legal Estonian political parties were founded. An Estonian national congress was convened and demanded the unification of Estonian areas into a single autonomous territory and an end to Russification. The unrest was accompanied by both peaceful political demonstrations and violent riots with looting in
10873-527: The establishment of the first hill fort settlements. The Seima-Turbino phenomenon brought the first bronze artefacts to the region and is often connected to the development of the Finno-Ugric languages . A transition from hunter-fisher subsistence to single-farm-based settlement started around 1000 BC, and was complete by the beginning of the Iron Age around 500 BC. The large amount of bronze objects indicate
11004-610: The existence of active communication with Scandinavian and Germanic tribes. By the end of the Bronze Age, domestic manufacture of bronze artefacts began. In the Iron Age , population grew. Local production of iron started approximately in 200 BC. During the first centuries CE, North Estonia, particularly the coastal region of Virumaa , emerged as a cultural hub. This period saw an influx of North Estonian settlers into sparsely populated Baltic Sea region. This cultural and linguistic expansion originating from North Estonia gave also rise to
11135-445: The final approval from ECOFIN to adopt the euro onwards from 1 January 2011; on that date Estonia became the 17th eurozone member state and circulated alongside the kroon until 14 January 2011. With that, Estonia became one of the first post-Soviet states to join the eurozone . In August 2011, Standard & Poor's raised Estonia's credit rating from A to AA-. Among various factors, S&P cited as contributing to its decision
11266-594: The first country in the world to adopt a flat tax , with a rate of 26% regardless of personal income. Estonia received more foreign investment, per person, in the late 1990s than any other country in Central and Eastern Europe. The country has been catching-up with the EU-15 - the richer European countries. Its GDP per capita grew from 35% of the EU-15 average in 1996 to 65% in 2007, similar to Central European countries. Income per person
11397-551: The first decade of independence entirely transforming its economy. In 1918, The Czarist ruble was replaced by the Estonian mark , which was in circulation until 1927. By 1929, a stable currency, the kroon , had been established. It was issued by the Bank of Estonia , the country's central bank . Compensating the German landowners for their holdings, the government confiscated the estates and divided them into small farms, which subsequently formed
11528-418: The first successful circulating Estonian-language weekly newspapers, Perno Postimees , and began popularising the denomination of oneself as eestlane (Estonian). Schoolmaster Carl Robert Jakobson and clergyman Jakob Hurt became leading figures in a nationalist movement , encouraging Estonian farmers to take pride in their language and ethnic Estonian identity. The first nationwide movements formed in
11659-588: The gateway between East and West and pursued economic reform and integration with the West." Estonia's market reforms put it among the economic leaders in the former COMECON area. A balanced budget, almost non-existent public debt , flat-rate income tax , free trade regime, adoption of the euro , competitive commercial banking sector, hospitable environment for foreign investment, innovative e-Services and mobile-based services are hallmarks of Estonia's free-market-based economy. The privatisation of state-owned firms
11790-440: The government has increased working visa quota for non- EEA citizens, although it has nevertheless been criticized for being inadequate for addressing the shortages. The late-2000s recession in the world , the near-concurrent local property bust with changes in Estonian legislation to increase labour market flexibility (making it easier for companies to lay off workers) saw Estonia's unemployment rate shoot up to 18.8% throughout
11921-687: The home front led to civil unrest. Despite repeated appeals and promises, the Russian imperial government resisted expanding Estonian political rights. In 1917, following the February Revolution , the Russian Provisional Government finally conceded to Estonian demands. Estonia was granted autonomy , and the Estonian Provincial Assembly was formed through democratic elections. In addition, the territory of autonomous Estonia
12052-545: The inflation rate continually being above the required 3% before 2010, which prevented the country from fulfilling the entry criteria. The country originally planned to adopt the euro on 1 January 2007 and officially changed its target date twice: first to 1 January 2008, and later to 1 January 2011. On 12 May 2010, the European Commission announced that Estonia had met all criteria to join the eurozone. On 8 June 2010, EU finance ministers. In July 2010, Estonia received
12183-653: The inland south had stronger ties to the Balts and the principality of Pskov . The Estonian landscape was dotted with numerous hill forts, and evidence of ancient harbor sites has been found along the coast of Saaremaa. During the Viking Age, Estonia was a region of active trade, with exports such as iron, furs, and honey. Imports included fine goods like silk, jewelry, glass, and Ulfberht swords . Estonian burial sites from this era often contain both individual and collective graves, with artifacts such as weapons and jewelry that reflect
12314-595: The last German troops on Estonian islands were evacuated to the Courland Pocket , leaving Estonia under Soviet occupation. Facing a second Soviet occupation, tens of thousands of Estonians fled westward. Overall, Estonia lost about 25% of its population through deaths, deportations and evacuations in World War II. Estonia also suffered some irrevocable territorial losses, as the Soviet Union transferred border areas comprising about 5% of Estonian pre-war territory from
12445-436: The main trade partners being Germany and the UK; only 3% of commerce was with the neighbouring USSR . Estonia and Finland had a similar standard of living. USSR's annexation of Estonia in 1940 and destruction during World War II crippled the economy. Post-war Sovietization continued, with the integration of Estonia's economy into the USSR's centrally-planned structure. The USSR's forcible annexation of Estonia in 1940 and
12576-411: The neighboring Finnish language and continued until the early 2nd millennium AD when the encroachment of Baltic and Slavic tribes limited the reach of Finnic cultures. Commercial contacts in the Baltic Sea region grew and extended. During this period, North Estonia developed increasingly robust connections with the southern and southeastern Baltic Sea regions, particularly with tribes associated with
12707-620: The offensive and the war ended in 1583 with Russian defeat. As a result of the Livonian War, northern Estonia became Swedish Duchy of Estonia and southern Estonia became Polish Duchy of Livonia . Saaremaa remained under Danish control while Ruhnu was part of the Duchy of Courland and Semigallia . During Polish rule in South Estonia, efforts were made to restore Catholicism, yet this was distinct from traditional Counter-Reformation actions, as Poland–Lithuania fostered religious tolerance. In 1582,
12838-505: The outside world. Although occupied Estonia had one of the highest standards of living in the Soviet Union, it lagged far behind its neighbor Finland in economic development and quality of life. Soviet security forces in Estonia enjoyed vast powers to suppress dissent, yet underground resistance endured. Despite heavy censorship, many Estonians bypassed restrictions by covertly listening to Voice of America broadcasts and watching Finnish television , offering rare glimpses into life beyond
12969-443: The parish (Estonian: kihelkond ) and the county (Estonian: maakond ), the latter composed of multiple parishes. Each parish was typically governed by local nobles referred to as kings (Estonian: kuningas ). Ancient Estonia had a professional warrior caste while the nobles' wealth and prestige was based on international trade. The parishes were commonly centered around hill forts, though occasionally multiple forts existed within
13100-431: The population of Estonia from about 250–270,000 people in the mid 16th century to 115–120,000 in the 1630s. The Swedish era in Estonia was complex, marked by both cultural repression and significant reforms. Initially, Swedish rule brought Protestant puritans who opposed traditional Estonian beliefs and practices, leading to witch trials , bans on folk music, and the burning of traditional costumes. While large parts of
13231-553: The pre-war republic. This led to the formation of the Congress of Estonia , a grassroots parliament dedicated to achieving independence through legal continuity and sovereignty. In March 1991, a referendum was held where 78.4% of voters (including Soviet citizens) supported full independence. During the coup attempt in Moscow , Estonia declared restoration of independence on 20 August 1991. Soviet authorities recognised Estonian independence on 6 September 1991, and on 17 September Estonia
13362-652: The primacy of Estonian laws with the Sovereignty Declaration on 16 November 1988, inspiring similar declarations across other Soviet republics . On 23 August 1989, approximately two million people formed the Baltic Way , a human chain spanning Estonia, Latvia, and Lithuania, to demonstrate unity in pursuit of independence. In 1989, the Estonian Citizens' Committees began registering citizens according to jus sanguinis – those whose citizenship traced back to
13493-595: The rate stayed near the levels that preceded the economic downturn, staying at just above 6%. In 2020-2023 the unemployment rate moved around between 5.2% and 7.7%. Tallinn has emerged as the country's financial center. According to Invest in Estonia, advantages of Estonian financial sector are unbureaucratic cooperation between companies and authorities, and relative abundance of educated people although young educated Estonians tend to emigrate to western Europe for greater income. The largest banks are Swedbank , SEB Pank , and Nordea . Several IPOs have been made recently on
13624-795: The rest was divided between the Sword Brothers and prince-bishoprics of Dorpat and Ösel–Wiek . In 1236, after suffering a major defeat , the Sword Brothers merged into the Teutonic Order becoming the Livonian Order . The eastern border with the Novgorod Republic was fixed after the Battle on the Ice took place on Lake Peipus in 1242, where the combined armies of the Livonian Order and Estonian infantry were defeated by Novgorod. The southeastern region of Setomaa remained under Russian rule until
13755-543: The rural population remained in serfdom during the Swedish rule, legal reforms under King Charles XI strengthened both serfs' and free tenant farmers' land usage and inheritance rights – hence this period got the reputation of "The Good Old Swedish Time" in historical memory. Swedish King Gustavus Adolphus established gymnasiums in Tallinn and Tartu; the latter was upgraded to Tartu University in 1632. Printing presses were also established in both towns. The beginnings of
13886-428: The régime never used violence against political opponents. In spite of political complications, Estonia enjoyed rapid economic growth during the interwar period. Land reforms improved the farmers' conditions, but the country also prospered from industrialisation and the development of oil shale mining. With the independence, most economic links with Russia were severed, but trade was rapidly reoriented towards markets in
14017-621: The sector with the highest number of companies registered in Estonia is Services with 144,514 companies followed by Finance, Insurance, and Real Estate and Retail Trade with 47,001 and 26,635 companies respectively. Railway transport dominates the cargo sector, comprising 70% of all carried goods, domestic and international. Road transport is the one that prevails in the passenger sector, accounting for over 90% of all transported passengers. 5 major cargo ports offer easy navigational access, deep waters, and good ice conditions. There are 12 airports and 1 heliport in Estonia. Lennart Meri Tallinn Airport
14148-539: The shared material culture of Scandinavia and Northern Europe. The spiritual and religious beliefs of medieval Estonians before their Christianization remain a topic of historical interest and debate. Estonian spirituality was deeply rooted in animistic traditions, with shamans ( nõid ) and fortunetellers known abroad, as noted by sources like Adam of Bremen and the Novgorod First Chronicle . The Chronicle of Henry of Livonia mentions Tharapita as
14279-499: The subsequent centuries Low German remained the language of the ruling elite in both Estonian cities and the countryside. Tallinn , the capital of Danish Estonia founded on the site of Lindanise, adopted the Lübeck law and received full town rights in 1248. The Hanseatic League controlled trade on the Baltic Sea, and overall the four largest cities in Estonia became members: Tallinn, Tartu , Pärnu , and Viljandi . Tallinn acted as
14410-560: The territory, compounding the destruction. Estonian peasants, growing increasingly resentful of local authorities’ failure to protect them from Russian raids, erupted in uprisings in 1560, besieging Koluvere Castle in Läänemaa . The rebellion saw Estonians briefly elect their own king before it was ultimately suppressed. Reports of Russian atrocities against Livonians, led by Ivan the Terrible and his forces, spread widely in Europe. Chroniclers of
14541-489: The time of the Great Northern War, many Estonians were loyal to the Swedish crown, with up to 20,000 fighting to defend Estonia against Russian invasion. Stories of the Swedish king Charles XII , who was revered in Estonian folk memory, embody a sentiment that distinguished the Swedish era from the harsher Russian rule that followed. Despite the initial Swedish success in the victorious Battle of Narva , Russia conquered
14672-600: The transition era of 1990–1992, has become privatized and more efficient, and the total farming area has increased in the period following Estonia's restoration of independence. The share of agriculture in the gross domestic product decreased from 15% to 3.3% during 1991–2000, while employment in agriculture decreased from 15% to 5.2%. The mining industry makes up 1% of the GDP. Mined commodities include oil shale, peat , and industrial minerals, such as clays , limestone , sand and gravel . Soviets created badly polluting industry in
14803-529: The university in Tartu in 1802 gave opportunities for higher education to both Baltic German and a growing number of Estonian students. Among the latter were first public proponents of Estonian nationalism , such as young poet Kristjan Jaak Peterson . At the same time, the nationalist ideas of Johann Gottfried Herder greatly influenced the Baltic German intelligentsia to see the value in the native Estonian culture. The resulting Estophile movement gave rise to
14934-482: The wars stretched on until 1629, concluding with Sweden gaining Livonia , including Southern Estonia and Northern Latvia, altering the power balance in the Baltic region. In addition, Danish Saaremaa was transferred to Sweden in 1645. During the Russo-Swedish War , Russia in 1656 captured eastern parts of Estonia, including Tartu, holding it until the Treaty of Cardis was concluded in 1661. The wars had halved
15065-551: The whole of Estonia by the end of 1710. The war again devastated the population of Estonia, with the 1712 population estimated at only 150,000–170,000. Under the terms of the Capitulation of Estonia and Livonia , the country was incorporated into the Russian Empire under the "Baltic Special Order" ( Balti erikord ). This policy restored the political and landholding rights of the local aristocracy , and recognized Lutheranism as
15196-420: Was preserved by diplomatic representatives and the government-in-exile . Following the 1988–90 bloodless Estonian " Singing Revolution " against Soviet rule, the nation's full independence was restored on 20 August 1991 . Estonia is a developed country with a high-income advanced economy . It is a democratic unitary parliamentary republic , administratively subdivided into 15 maakond (counties) . It
15327-495: Was $ 49,000 in 2023 according to the IMF ; this was between Poland and Portugal , but below Spain . For Estonia, the 2007–2008 financial crisis was easier to weather, because its budget has consistently been kept balanced, and this meant public debt relative to GDP remained the lowest in Europe. The economy recovered in 2010. In January 2011, Estonia adopted the euro , joining the eurozone . Estonia has demonstrated resilience, with
15458-530: Was admitted into the United Nations . The last units of the Russian Army left Estonia in 1994. Economy of Estonia The economy of Estonia is rated advanced by the World Bank , i.e. with high quality of life and advanced infrastructure relative to less industrialized nations. Estonia is a member of the European Union , eurozone and OECD The economy is heavily influenced by developments in
15589-712: Was confidence in Estonia's ability to "sustain strong economic growth." Estonia's GDP growth rate in 2011 was above 8%, despite having negative population growth. The Estonian economy was hit by the COVID-19 recession before bouncing back with an 8.6% rise in GDP in 2021, this was followed by the economic effect of the Russian invasion of Ukraine in February 2022 resulting in a fall in GDP of 1.3% in 2022 and high inflation which hit 24% before falling to single digits in 2023. "Since reestablishing independence, Estonia has styled itself as
15720-521: Was crowned King of Livonia by Ivan, pledging allegiance to the Russian Tsar as his overlord. Põltsamaa became the capital of his short-lived Kingdom of Livonia . Ivan and Magnus twice laid a brutal siege on Tallinn, however failing to capture it. An Estonian peasant army led by Ivo Schenkenberg was wreaking havoc in Russian rear. By the 1580s, the Polish–Lithuanian and Swedish armies had gone on
15851-432: Was cut short by Swedish conquest in the early 17th century. The Polish–Swedish War , which began in 1600, unleashed years of further devastation across Estonia. The Battle of Weissenstein ( Paide ) in 1604 marked a critical turning point, where Lithuanian hetman Jan Karol Chodkiewicz led a smaller Polish-Lithuanian force of 2,300 to a decisive victory against a Swedish army of 6,000. Despite this victory and others,
15982-492: Was enacted and privately owned; well-managed banks emerged as market leaders. . The fully electronic Tallinn Stock Exchange opened in early 1996, and was purchased by Finland's Helsinki Stock Exchange in 2001. Estonia joined the World Trade Organization in 1999. From the early 2000s to the latter part of that decade, the economy experienced considerable growth. In 2000, Estonian GDP grew by 6.4%. After accession to
16113-820: Was expanded to include the Estonian-speaking areas of Livonia. In November 1917, the Bolsheviks seized power in Estonia, declaring the Provincial Assembly disbanded. In response, the Assembly established the Estonian Salvation Committee , which played a crucial role during the brief period between the Bolshevik retreat and the arrival of German forces . On 23 February 1918 in Pärnu and on 24 February in Tallinn,
16244-416: Was granted permission in 2010 to join the eurozone in 2011. Before joining the eurozone, the Estonian kroon had been pegged to the euro at a rate of 15.64664 EEK to one euro; before then, the kroon was pegged to the German mark at approximately 8 EEK to 1 DEM. The design of Estonian euro coins was finalized in late 2004. Estonia's journey towards the euro took longer than originally projected, owing to
16375-665: Was hopeless, the Estonian government complied and the whole country was occupied. The Independent Signal Battalion was the only unit of the Estonian Army to offer armed resistance. On 6 August 1940, Estonia was formally annexed by the Soviet Union as the Estonian SSR . The USSR established a repressive wartime regime in occupied Estonia, targeting the country's elite for arrest. Soviet repression escalated on 14 June 1941, when approximately 11,000 Estonians were deported to Russia . When Germany launched Operation Barbarossa against
16506-550: Was merged into Reichskommissariat Ostland . About a thousand Estonian Jews were killed in 1941 and numerous forced labour camps were established. German occupation authorities started recruiting men into volunteer units and limited conscription was instituted in 1943, eventually leading to formation of the Estonian Waffen-SS division . Thousands of Estonians escaped to Finland, where many volunteered to fight together with Finns against Soviets . The Red Army reached
16637-531: Was one of the last pagan civilisations in Europe to adopt Christianity following the Northern Crusades in the 13th century. After centuries of successive rule by the Teutonic Order , Denmark , Sweden , and the Russian Empire , a distinct Estonian national identity began to reemerge in the mid-19th century. This culminated in the 1918 Estonian Declaration of Independence from the then-warring Russian and German empires. Democratic throughout most of
16768-451: Was referring to Balts , while others have proposed that the name then applied to the whole eastern Baltic Sea region. Scandinavian sagas and Viking runestones referring to Eistland are the earliest known sources that definitely use the name in its modern geographic meaning. From Old Norse the toponym spread to other Germanic vernaculars and reached literary Latin by the end of 12th century. The oldest known settlement in Estonia
16899-550: Was repealed, and the Baltic Special Order was restored under Emperor Paul I . This Baltic Special Order remained largely in effect until the late 19th century, marking a distinctive period of localized governance within the Russian Empire. Serfdom was abolished in 1816–1819, but this initially had little practical effect; major improvements in farmers' rights started with reforms in the mid-19th century. The reopening of
17030-627: Was the Phosphorite War , an environmental protest against Soviet plans to establish large phosphate mines in Virumaa . On 23 August 1987, the Hirvepark meeting in Tallinn called for the public disclosure of the Molotov–Ribbentrop Pact and its secret protocols which had led to Estonia's loss of independence. Although direct demands for independence were not yet made, organizers aimed to reinforce
17161-519: Was €980 (US$ 1,330). This figure has grown consistently to €2,065 (US$ 2,217) as of December 2023. Estonia offers unique tax conditions for businesses, where the tax on undistributed profits is 0%. This allows companies that reinvest their profits into development to avoid tax obligations and allocate more funds for growth and expansion. In 2024, Estonia holds the first place in the International Tax Competitiveness Index and on
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