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picture News August, 18 2022
image: An Outlook at the Economy and  Attracting Investments to Estonia An Outlook at the Economy and Attracting Investments to Estonia

- It’s full steam ahead for the international economy and markets. Or, is it only a dream?, said Daniel Bergvall, an economist at SEB Economic Research in Stockholm, as he commenced SCCE’s 14 March Business Lunch on the economy and attracting investments to Estonia.

- On the positive side we can, for example, see unemployment levels decreasing and capacity utilization increasing. Reasons for worries can, at the same time, be found in signs of financial instability and geopolitical trade issues, continued Daniel.

- As for Sweden, the industry has taken over as the major growth driver as the residential construction level falls. The EU boom offsets the weaker Swedish housing market, concluded Daniel.


- There is a strong momentum in the Baltic economies with healthy growth rates underpinned by long-term converge to the EU average GDP, said Oliver Kullman, a partner at the Baltic private equity fund manager BaltCap.
- Sweden remains the biggest foreign direct investor in Estonia, however there are fewer investments made by Swedish companies post-2008, and there is a decreasing share of M&A deals by Swedish buyers, continued Oliver.

- There are obvious opportunities to increase Swedish investments, especially considering the strong and established connections between Estonia and Sweden in the banking and industrial sectors.

- We should build upon success stories and the already existing business connections in terms of good returns and a good track record to attract Swedish fund investors. We simply have to be more present in Sweden, concluded Oliver.


A full report from SCCE’s Business Lunch on the economy and attracting investments to Estonia will be published in the coming spring issue of focus, the magazine of the Swedish Chamber of Commerce in Estonia.

On behalf of the SCCE, I would like to thank Daniel and Oliver for their very interesting presentations. My thanks also go to Park Inn by Radisson Meriton Conference & Spa Hotel for a nice set up and a great lunch buffet in their Grand Panorama Hall.


Kristiina Sikk - SCCE Ombudsman


read more:
· Economic Outlook
· Daniel Bergvall
· Oliver Kullman

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