InfiBird Knowledge Base - Career, Work, Education, Business in Estonia

  The Estonian egg producer Dava Foods, whose parent company is based in Denmark, managed to maintain almost the same revenue and profit as the previous year, despite competing with cheap eggs from foreign competitors. In 2024, the company earned a revenue of 11.8 million euros, which decreased by only 4% compared to the previous year. The profit remained at 1.08 million euros, the same as the previous year. Last year, Dava Foods invested over 2 million euros in establishing a farm for free-range hens. The company usually operates with 300,000 caged birds, but the new farm added 50,000 free-range hens. About 55% of the eggs sold in Estonia are produced locally, while the rest are imported from countries where egg production is cheaper, keeping the price of eggs in Estonia lower. Although Estonian egg producers are moving from caged hens to free-range hens, Dava Foods' CEO Allan Tohver explained that there is no point in increasing egg production in Estonia, as it is not profitable....

Strong Growth and Diversified Portfolio Attract Investors Ignitis Group, a leading energy company in the Baltics, stands out due to its strong growth story, diversified portfolio, and solid dividend policy. Listed on the Vilnius Stock Exchange, the company has doubled its adjusted EBITDA and increased its renewable energy portfolio fivefold since its IPO, while ensuring an attractive dividend yield. Aine Riffel-Grinkevičienė, Head of Investor Relations at Ignitis Group, explains the reasons behind the company's success and what investors can expect in the coming years. Strategic Focus on Renewable Energy and Grid Expansion Through long-term work and a well-thought-out strategy, Ignitis Group has built a strong competitive advantage. As a future-oriented energy producer, Ignitis places great emphasis on the rapid growth of its renewable energy portfolio and electricity grid. Currently, the Lithuanian energy giant has 1.4 GW of installed renewable energy capacity, with plans to inc...

  The article discusses the Estonian government's new tax plans and their potential impact on the economy. The author points out that the government's fear of mentioning an economic downturn is understandable, as their own policies may lead to zero economic growth. There are plans to enact new taxes totaling over 800 million euros, and in at least one case, it is still unclear how this will be possible. The article refers to Prime Minister Kristen Michal and Finance Minister Jürgen Ligi's criticism of Peeter Raudsepp, the director of the Estonian Institute of Economic Research, because the government fears that negative economic forecasts could themselves worsen the economy. However, it is noted that the messages of one small institute may not significantly affect the entire economy, but it could be a sign of how close we are to "talking down" the economy. At the time of writing, the economic situation still appeared to be on an upward trend, with various inst...

  The article discusses Estonia's economic prospects and growth potential, especially in the long term after the recent economic downturn. The article asks how quickly the Estonian economy could recover, particularly considering the potential non-recovery of the logistics and transit sector to its previous level. Experts from the Ministry of Finance warned in the autumn that Estonia's long-term potential economic growth may have slowed down by half. While before the coronavirus crisis, about 3% economic growth was considered normal, current estimates put the potential growth for the coming years in the range of 1-2%. This is reduced due to the expected low contribution of total factor productivity. The economy's growth potential is difficult to measure precisely, but the emergence of such a trend is worrying for several important reasons. Firstly, it shows whether and how quickly Estonia will catch up with Central European countries from its current level. Luminor analy...

The article discusses the need to change European Union competition rules because Europe's competitiveness is declining in the global market. Current rules are primarily focused on protecting consumers, but now it is being considered whether they adequately support the growth of European companies and their global competition. For example, it was highlighted how the European Commission prohibited the merger of steel producers Thyssenkrupp and Tata Steel in 2019, which was intended to protect against cheap Chinese steel. Now, both companies are facing difficulties, which has triggered a discussion on how EU competition rules could better support industrial policy. Several influential figures, such as Friedrich Merz and Mario Draghi, have emphasized the need to change the merger control procedure to promote the emergence of strong European companies and accelerate innovation. Draghi has warned that if Europe does not change its approach, it could lose its position in the global eco...