Estonia has once again improved its position in global rankings of international competitiveness, rising to 26th overall in 2021, and now 22nd according to the latest data issued by Switzerland's International Institute for Management Development (IMD).
A safe tourism campaign to encourage tourists to visit Estonia is not in the works, the EAS and KredeEx foundation has said. There has been a wave of cancelations in the region since Russia invaded Ukraine.
Estonia's international investors, tourism market and international education sector are feeling the effects of the war in Ukraine amid concerns the conflict could spread to neighboring countries. While the government stresses the need for more security guarantees from NATO, industry must find a balance.
Current Ministry of the Interior chancellor Lauri Lugna is set to head the merger of Kredex and Enterprise Estonia (EAS) with the new Entreprenurship and Innovation Foundation (Ettevõtluse ja Innovatsiooni SA) joint authority brand to be developed this year with the merger to be completed by the end of the year.
10-May-2021 Source: XTI Aircraft Company
XTI Aircraft Company (XTI) has signed a Memorandum of Understanding (MoU) with Enterprise Estonia, Estonian Aviation Cluster (EAC), and the Estonian Aviation Academy (EAVA) to recognize Estonia as a Regional Mobility hub for the TriFan 600, the world’s first civilian hybrid-electric long-range vertical takeoff and landing (VTOL) airplane.
The organizations intend to collaborate with XTI to establish a corporate presence in Tallinn, Estonia to directly serve the region.
“It’s a true honor that aviation pioneer XTI Aircraft has turned its eyes to Estonia with regards to establishing its presence in Europe.” Kristo Reinsalu, GM, Estonia Aviation Cluster