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When considering future competitiveness, Estonia stands out among other countries by the digitalisation of its public sector and data usage, as well as excellent education; however, the regenerative capacity of Estonia’s economy is only average, according to a recent report. ....
During the last 30 years, Estonian companies have made direct investments abroad worth €11.4 billion, a study of foreign investments by Estonian companies completed at the Faculty of Economics of the University of Tartu shows. ....
The use of a personal passenger car for commuting has nearly doubled in Estonia over the past 20 years and transport costs account for 14 percent of people s total expenditure, a report to be published by the Estonian Foresight Center last week shows. Using a private car has grown first and foremost at the expense of traveling by public transport and on foot, Foresight Center expert Uku Varblane said. Estonia has thus risen to among the most car-centered states in the European Union in a short time. Access to jobs also often depends on whether or not the person has the opportunity to use a personal car. ....
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 stricter environmental requirements, the head of the Foresight Center, Tea Danilov, said. ....