Analytics, Estonia, EU – Baltic States, Investments

International Internet Magazine. Baltic States news & analytics Saturday, 18.05.2013, 20:48

Ernst&Young: the number of foreign investments in Estonia has increased to pre-crisis level

Juhan Tere, BC, Tallinn, 26.06.2012.Print version
Consultation and auditing bureau Ernst & Young's European attractiveness study indicates that although Estonia has achieved pre-crisis level as a destination attractive for foreign investments, the number of jobs created in these projects continues to be low, LETA/Public Broadcasting reports.

In the Baltic States, the largest amount of projects was created with the money of foreign investors in Lithuania (29 projects), followed by Estonia (21 projects) and Latvia (14 projects).

 

Ernst & Young Baltic AS board member Ivar Kiigemägi noted that considering the population figure, the number of projects per person is highest in Estonia.

 

"Statistics show that the largest projects went to Lithuania, which is why there the largest amount, 1,492 new jobs were created. In Estonia 299 new jobs and in Latvia 85 were created," he said.

 

Kiigemägi said that while Estonia has done well and the interest of investors has increased fast, in the comparison with other European states we have fallen from 26 to 29th place in the number of projects and from 25 to 30th place in the number of jobs created by the projects.




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