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Estonia starts attracting South European companies

THIS PUBLICATION HAS 9 COMMENTS
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They come to Estonia just for the low salaries and they will do everything to keep them low.. thank you but no thanks, we don't need these kind of investors! Reply to the comment answer
~local worker [28.03.2012, 16:10]
I hope that your no thanks is also valid for Scandinavian companies.
I believe they to the same
~Duff [28.03.2012, 18:03]
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this is one element he mentions. Also simple tax system and good business climate. DOn´t be so picky Reply to the comment answer
~beleforontes [28.03.2012, 16:14]
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Stick to the high-paying, internationally famous, universally admired Estonian companies who pay out i-banker level bonuses then. Reply to the comment answer
~@local worker [28.03.2012, 16:37]
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You know, with the greatest of respect to Senor Aguilar, but seriously Aripaev, your headline suggests an acceleration of interested south european companies being set up or investing into Estonia - and all you could find as an example was one Spanish dude managing a restaurant? So if I open up a Mexican restaurant does that show that suddenly "North American companies attracted to Estonia"? Reply to the comment answer
~:-[] [28.03.2012, 16:46]
And all he has is an empty restaurent :-)
~Platz [29.03.2012, 09:44]
This is what I mean with arrogance in Estonia. It just scare investors away and may even have a greater effect, then Savisaar's interventions in the market place, driving up costs and distorting a fair and competitive market.

I can only explain such pretty common hostile, envy and rival environment with the fact that Estonia was too focused on the domestic market in the past, which is just to small to create a lot of win-win alliances.

Even worse, that this type of behave seems to even expand into their private lives.

People in Estonia need to think more global and have more global strategic partnerships and visions, that allow for win-win growth.
~knut albers [29.03.2012, 18:06]
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Yea, interesting point... An example of a Spanish restaurant. Great example...(sarcasm)

That is the typical attitude, it looks like the southern companies see the opportunity here. They can pay their employees 20% the salary of 1 Italian, Greek, or Spanish worker. A hard working Estonian, you can hire 5 of them for the price of 1 Italian, Greek or Spaniard.

Yea, Estonia can say goodbye to its competitiveness with this type of environment. Sure, everyone has a job... a crappy low-paying one, that many ( of the ones I've met) are not paid what their actually worth. On the other hand, many I've met are paid well, and are worthless.

Where does it all add up, Estonia's politicians boast economic miracle, but not one that is necessarily in the best interest of the country. I think most people here are interested to be operating in a Nordic-Scandic environment... but now the economic sectors are booming for turning this place into a dependable long-term outsource hub. Sure, its nice... Cheap labor, skilled workforce, and efficient legal environment. Maybe this country should start marketing its skilled workforce to full-effect, before the rest of these guys brain drain the country completely to bigger and brighter things.

Estonia is pure brain drain, and making this place an industrial zone, is simply going to the country from being able to retain its more advance work force. Reply to the comment answer
~Other Ameeriklane [30.03.2012, 15:35]
Good comment.

"but now the economic sectors are booming for turning this place into a dependable long-term outsource hub."

And this model, while perhaps suitable for countries with large and growing populations, is not even sustainable in a country like Estonia with a small population to start with, that is also constantly declining through natural decrease and net outward migration.
~:-[] [30.03.2012, 17:03]
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