EPP - Climate Investment Report Telecommunications Heidi...

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Climate Investment Report Telecommunications Heidi Haslip, Nick Jordan, Katie McKie
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POLITICAL SYSTEM Estonia's Government maintains a favorable attitude towards foreign investment, which is governed by the "Law on Foreign Investments". The Government has sought to maintain liberal policies in order to attract investments that could produce exports.
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POLITICAL SYSTEM Estonia's openness to foreign direct investment extended to its privatization program, which is now complete. Only a small number of enterprises such as the country's main port, the power plants, the postal system, and the national lottery remain state-owned. Which makes it very attractive to foreign investors.
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POLITICAL SYSTEM Sound and liberal economic policies and an excellent business climate have ensured strong levels of foreign direct investment in Estonia. During the last decade Estonia has been one of the leading countries in Central and Eastern Europe in terms of inward investment per capita. Numerous foreign companies have found Estonia to be a highly attractive location. Companies partly or wholly owned by foreigners account for one-third of Estonian GDP and over 50 percent of the country's exports.
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POLITICAL SYSTEM Government approval is required for foreign investment and participation in only a handful of sectors. Competitive equality is the official standard applied to private enterprises in competition with public enterprises. Private companies do not face discrimination in relation to state-owned companies.
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RIGHT TO PRIVATE OWNERSHIP AND ESTABLISHMENT As provided for by the Law on Foreign Investments, foreign investors have the same rights and obligations as Estonian citizens. Foreign investors may purchase buildings and land for production purposes and establish, buy, and fully own companies.
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PROTECTION OF PROPERTY RIGHTS Secured interests in property are recognized and enforced. The legal system protects and facilitates acquisition and disposition of all property rights, including land, and buildings. The Estonian legal system adequately protects
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EPP - Climate Investment Report Telecommunications Heidi...

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