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Economic expert: Pandemic could improve Estonia's competitiveness 2021-02-20 BNS/TBT Staff TALLINN - While the coronavirus crisis has significantly impacted the daily functioning of the economy, it also provides opportunities for economic development for Estonia, economic expert and entrepreneur Raivo Vare wrote in the blog of the Estonian parliament's Foresight Center. "Estonia is not rich enough to squander post-crisis economic growth opportunities. [In order to make use of them,] we need to know or predict post-crisis development trends. Changes will take place either way, and those who ...

A report on the impacts of the coronavirus crisis on the Estonian economy presented by the Foresight Center on Tuesday concludes the crisis is further accelerating the trends towards the automatization and digitalization of processes and will quicken the changes in the structure of the economy. "On the back of the corona pandemic, a change in global economic relations is gaining momentum. The winners will be those sectors of the economy and businesses that are fed by the trends towards automatization, digitalization and relocation into digital channels, as well as those benefiting from ever s...