Estonia Businessforecast Industry Forecast

The Estonia Business Forecast Report provides essential macroeconomic, political and financial analysis for companies doing business in Estonia. The Estonia Business Forecast Report helps businesses with Estonian market assessment, strategic planning and decision making to promote growth and profitability in Estonia and is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market.

An influential new analysis of Estonia's political, economic and financial prospects through end-2012, just published by award-winning forecasters, Business Monitor International.

 

 

 

Key Uses of the Estonia Business Forecast Report | Estonia's Political Outlook | Estonia's Economic Outlook | Estonia's Business Environment | Key Estonia Industry Sectors | Estonia BMI's Executive Summary | Our Europe Subscribers | Full Range of BMI's Business Forecast Reports

Key Uses for the Estonia Business Forecast Report

  • Forecast the pace and stability of Estonia's economic and industry growth through end-2012
  • Identify and evaluate adverse political and economic trends in Estonia, to facilitate risk mitigation strategies
  • Assess critical shortcomings of Estonia's business environment that pose hidden barriers and costs to corporate profitability
  • Contextualise Estonia's country risks against Europe regional peers using BMI's country comparative risk ratings system
  • Target business opportunities in Estonia's high-growth industry sectors
  • Evaluate external threats to doing business in Estonia, including currency volatility, the commodity price boom and protectionist policies

The Estonia Business Forecast Report by Business Monitor International includes four major sections: Estonia's Political Outlook, Estonia's Economic Outlook, Estonia's Business Environment and Estonia's Key Industry Sectors.

Estonia's Political Outlook:

What are the political risks to doing business in Estonia over the next 5 years?

BMI's Estonia Country Risk Ratings evaluate the short and medium-term threats posed by government instability, adverse economic policy-making, deterioration in the business environment and external shocks.

Estonia Political Outlook Contents

  • SWOT Analysis for the Estonian Market
    Political Strengths, Weaknesses, Opportunities and Threats facing Estonia.
  • Political Stability and Risk Assessment for Estonia
    BMI's Risk Ratings assess explicit short and long-term risks to political stability; latest ratings, rankings and trends for Estonia's risk are compared with Europe regional and global averages.
  • Current Administration and Policy-making in Estonia
    BMI profiles key policy-makers and power-brokers in the Estonian government, assessing threats to the continuity of Estonian economic policy, and likely changes to the business operating environment through end-2012.
  • Estonian Foreign Policy
    BMI examines key trends and shifts in Estonia's foreign relations and alignments with Europe neighbours, the United States and Europe, focusing on external influences.

Key Benefits

  1. Benchmark Estonia's risk profile against its neighbours, the global and regional average, allowing easy comparison of risks between key business markets.
  2. Identify, evaluate and anticipate political and security risks to the business environment in Estonia, and to your company's current operations and future plans.
  3. Gain valuable insights into the Estonian government and policy-making, through BMI's specialist team of analysts and economists, and their exclusive network of private and public sector sources.

Estonia's Economic Outlook:

How will Estonian economic policy-making and performance impact corporate profitability over 2008-12?

BMI provides fully independent 5-year forecasts for Estonia through end-2012 for more than 35 macroeconomic variables. We evaluate Estonian growth, and also forecast the impact of economic management, including central bank policy, on profitability.

Estonia Economic Outlook Contents

The Estonia Business Forecast Report features explicit BMI economic forecasts for Estonia, with supporting commentary and analysis, for end-2008, 2009, 2010, 2011 and 2012 set against Estonian government views. Underpinning our Estonia forecasts are key assumptions for the global economy through end-2012, covering growth, inflation, employment, trade and investment, interest and exchange rates in the US, Japan and the Euro-zone.

Coverage of Key Economic Issues in Estonia

  • Economic Activity in Estonia
    Real GDP growth; industrial growth; employment growth; inflation and consumer prices; consumption (indicative wages, retail sales, consumer confidence)
  • Fiscal Policy in Estonia
    Current macroeconomic strategy and implementation policies; government finance (revenue, expenditure, budget balance); tax reforms
  • Monetary Policy in Estonia
    Interest rate trends (bank lending and deposit rates); inflation (retail price inflation, consumer price inflation); exchange rate policy in Estonia; Estonian currency controls; influence of foreign direct investment inflows; exchange rates and foreign exchange reserves
  • Balance of Payments in Estonia
    Merchandise trade (exports, imports, trade balance); current account balance
  • Foreign Direct Investment in Estonia
    Foreign direct investment approvals and inflows; the foreign investment climate
  • Estonian External Debt
    Debt profile (short- and long-term debt; public and private sector exposure)

Key Benefits

  1. Rely upon BMI's 100% independent Forecast Scenarios for Estonia and underlying assumptions - we take no advertising and are privately-owned.
  2. Exploit the benefits of BMI's comprehensive and reliable macroeconomic Estonia database, sourced and fully maintained by BMI from an extensive network of private sector, government and multilateral contacts.
  3. Gain key insights into the current and future direction of Estonian government economic policy

Estonia's Business Environment:

How internationally competitive is Estonia's regulatory environment, and what changes can be expected?

BMI assesses levels of transparency, flexibility of labour market, tax burden, development of the banking sector and credit availability, infrastructure and IT, foreign investment regime and trade liberalisation in Estonia.

Estonia Business Environment Contents

  • Estonia's Business Environment Risk Rating with SWOT Analysis
    Short and long-term business environment risk ratings for Estonia, benchmarked against ratings for Europe and neighbouring countries.
  • Country Competitiveness for Estonia
    Competitiveness of Estonia's business operating environment in supporting corporate growth and profitability over the 5-year forecast horizon, compared with regional neighbours.

Coverage of Key Business Environment Issues in Estonia's Domestic Environment

Transparency, cronyism and corruption; labour market flexibility; corporate tax burden; interest rate levels; access of private sector to lines of credit; sophistication of banking sector and stock market; levels of business confidence; infrastructure and IT

  • Foreign Direct Investment in Estonia
    Analysis of foreign investment regime, foreign ownership laws; attractiveness of business environment to foreign investors; review of major foreign direct investments over the last 24 months, and of strategic sectors attracting most interest
  • Foreign Trade with Estonia
    Analysis of trading environment, government trade policy, liberalisation measures, tariffs and membership of trade areas

Estonia's Key Industry Sectors

Which industry sectors in Estonia will grow fastest, and where are the major investment opportunities in the Estonian market?

BMI targets investment opportunities in Estonia's high growth industries, including automotives, food and drink, infrastructure, oil and gas, pharmaceuticals and healthcare, telecommunications and IT.

Coverage of Estonia's Key Industry Sectors - Estonian Market Overview

Size, value and structure of industry; impact of liberalisation and privatisation on sector performance and prospects; friendliness of business environment

  • Latest Developments in Estonia
    Review of latest projects, deals, privatisations, mergers and acquisitions, and implications for sector performance; company rankings for national and multinational companies in Estonia; main industry players by local sales, employee size, market share and main brands, products and services
  • 5-year Industry Forecast for Estonia
    Historic dataset (2003-2007) and BMI forecasts through end-2012, covering headline industry data broken out by sub sector

Key Benefits

  1. Target strategic sector-by-sector opportunities in Estonia's high growth industries, attracting public expenditure and foreign investment; identify key players and competitors driving growth, investment and business opportunities.
  2. Benefit from competitive intelligence on top national and multinational companies operating in Estonia's major industry sectors, including analysis of recent trends in sales and market share, company strategies, product launches and latest deals.

Who buys the Europe Business Forecast Reports?

The Estonia Business Forecast Report is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in Estonia.

Our Business Forecast Reports are relied upon by corporates, banks, government departments and multinational organisations around the world.

Business Monitor International's Business Forecast Report subscribers include:

Abbott International, Air Liquide, Akzo Nobel, Alcatel, Alpha Cement Group, Atlas Copco, BASF, British American Tobacco Company, Coca-Cola HBC, Colgate Palmolive Romania, Deloitte & Touche, Ericsson Telecommunications Bulgaria Ltd, Ernst & Young, Exxonmobil Ltd, Heineken Brewery, Hewlett- Packard Slovakia, S.r.o, Indesit Company, Microsoft Software, Novartis Pharma Services Inc, Omnitel, Opus Land Development SA, Provident Financial, Raiffeisen Bank, Robert Bosch Elektronika Kft., Siemens Srl, Xerox Ltd 

 

" The Key Economic Sectors in the Business Forecast Report is most beneficial in terms of value & usage as our organisation focuses on a sector based approach for market development. The Business Forecast Report offers deeper sector knowledge, which is very useful. "
Hellenic Lloyd's SA, Greece.

BMI's Executive Summary for Estonia

[TOP]

A Hard Landing Ahead?

Estonia's red hot economy appears to be on course for a soft landing. Real output growth slowed by more than expected in Q207, higher frequency data suggest a further softening of growth in Q307, and there are good reasons for believing that the economy will lose further momentum going into 2008. We expect the economy to grow by 8.5% in 2007 and by 6.7% in 2008. The risk of a hard landing cannot be ruled out just yet, however.

Domestic demand is still growing faster than the economy's underlying supply potential, wages are soaring, indebtedness is rising, and property prices, though stabilising, remain at bubbly levels. The current account deficit is enormous (as a proportion of GDP), while consumer price inflation is currently at a nine-year high.

The economic 'feel good' factor is only just beginning to wane but, with employment and incomes still rising, not by enough just yet to trouble the three-party, centre-right government. Indeed, the economic boom and an increase in support from ethnic Estonians, following the row with Russia earlier in 2007 over a Soviet era war memorial, mean the government is currently riding high in the opinion polls. Having been widely criticised of being complacent about the risk of the economy overheating, the government's budget plans for 2008 target a larger surplus than initially envisioned. But planned public sector pay hikes have met with criticism from employer's organisations.

Macroeconomic imbalances will persist in 2008-2009. Inflation is expected to accelerate in the early part of 2008 to about 7.5%. This is in response to hikes in excise tax rates and some administered price adjustments. Domestic demand pressures, though currently strong, should begin to ease as 2008 progresses and, along with favourable base effects, should contribute to a deceleration in inflation in the latter part of the year and going into 2009. The current account deficit is projected to peak at 16.8% of GDP in 2007, and to narrow to 16.1% in 2008 and 14.5% in 2009. The strength of domestic demand rather than declining competitiveness appears to be driving the deficit, but the impact of fast-rising unit labour costs is clearly increasing.

The operating environment for businesses is still reasonably favourable given the strength of domestic demand and historically low real interest rates. However, rising input costs and skill shortages are constraining production and eroding profitability in some sectors, while overheating concerns have begun to impact corporate confidence.

Read about our other Business Forecast Reports  

Asia

Australia, Bangladesh, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Vietnam

Europe

Bosnia & Herzegovina, Bulgaria, Caucasus, Croatia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Kazakhstan & Central Asia, Latvia, Lithuania, Macedonia, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine

Middle East

Bahrain, Iran, Iraq, Israel, Jordan, Lebanon & Syria, Kuwait, Oman & Yemen, Qatar, Saudi Arabia, UAE

Africa

Angola, Botswana, Cameroon, Cote d'Ivoire, Egypt, Ethiopia, Francophone West Africa, Ghana, Kenya, Mozambique, Namibia, Nigeria, North Africa, South Africa, Sudan, Tanzania, Uganda, Zambia, Zimbabwe

North & South America

Argentina, Brazil, Chile, Colombia, East Caribbean, Mexico, Peru, Trinidad & Tobago, Venezuela, West Caribbean

 

Business Monitor International

Business Monitor International
A Market Leader in Country Risk, Industry Intelligence and Company Research

Mermaid House, 2 Puddle Dock, Blackfriars, London EC4V 3DS, UK

BUSINESS MONITOR INTERNATIONAL's country risk analysis and forecasts, market research on leading industries, and multinational company research is relied upon by corporates, banks, government departments and multilateral organisations in over 125 countries around the world.

Country Risk Analysis and Forecasts
BMI
has for 25 years specialised in political risk analysis, financial markets analysis, and macroeconomic forecasts on 175 global markets.

Industry Intelligence and Market Research
BMI's industry research covers Automotives; Banking; Chemicals; Defence & Security; Food & Drink; Freight Transport; Information Technology; Infrastructure; Insurance; Mining; Oil & Gas; Petrochemicals; Pharmaceuticals & Healthcare; Power; Telecommunications, and Tourism.

Company Research
BMI maintains a fully-researched 55,000-site database of multinational company subsidiaries located across global markets.