The experts’ view on the current state of Estonia’s economy is overall positive. While not yet reaching pre-crisis levels, recovery from the economic downturn of 2008 is progressing at a pace that is consistent with optimistic predictions. There are several reasons why. Olavi Grunvald, Deals Manager at PricewaterhouseCoopers, and Jaanus Tamm, CEO of Defendec, a firm specializing in high-tech surveillance equipment, credit the favorable conditions to exporting goods abroad. “Estonia did have luck in having strong foreign trade partners in Sweden and Germany, as well as Finland and Russia,” Grunvald stated.
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