Baltic Export, Economics, Estonia, Markets and Companies

“The market volumes on the global level have fallen, but Estonian entrepreneurs have in most cases been able to increase their market shares,” he commented. He referred to the assessment by the Bank of Estonia on the increase in Estonian entrepreneurs’ relative competitiveness in the exports sector. “Estonian companies have grasped quite a lot of market share during the crisis,” said Allikivi, adding that there is a positive trend that enterprises are looking for new exports markets. According to him, an example of this is news of the Kehra Pulp and Paper Factory looking towards Arab countries as an exports destination.

Allikivi commented that the economic outlook complies with the current weather. “There is a little rain today, but there seems to be hope for sunshine,” he explained.

As Estonia’s economy is significantly dependent on the exports sector, Allikivi said that in looking at Estonia’s principal markets it appears that matters there are better than in other countries. “The free-fall that thus far dominated in the Baltic States has slowed down there are more positive glances,” he remarked.

When speaking about risks on the exports markets, Allikivi pointed out the economic recovery packages. “It has been said on the EU level that there would be no new recovery packages and the old ones would not be extended; their impact is starting to draw to an end,” he said.