Magnetic MRO AS is the Company of the Year
The Company of the Year was chosen from among the best of the EAS’s competition Entrepreneurship Award and the Chamber of Commerce’s Competitiveness Ranking. This year’s race for the Company of the Year title was between Incap Electronics Estonia OÜ, Magnetic MRO AS, Rimi Eesti Food AS, Testlio OÜ, Toftan AS, Tallink Grupp AS and Hekotek AS.
Alo Ivask, Chairman of the Board of EAS said that the capable companies in Estonia play an important role in the success of the state’s economy and welfare of the society. “Therefore we think it is very important that they are recognised by the state with an entrepreneurship award, which also is an expression of respect towards all entrepreneurs,” emphasised Ivask. ”The Company of the year Magnetic MRO AS is a successful exporter who has brought its services to 37 countries,“ he added.
“When we give the entrepreneurship awards, we recognise and set as an example the best, but on the other hand we express our respect to all entrepreneurs and entrepreneurial people, despite of their area of activity or scope,” said president of the Estonian Chamber of Commerce and Industry Toomas Luman. “With recognizing them we would like to highlight the contribution of entrepreneurs in the society so that being an entrepreneur could be noticed and valued more. We would like to continue with that in the future,” said Luman.
“Estonian economic development, the driving force of which are the entrepreneurs, is facing many challenges such as decreasing population and suffocating of entrepreneurship with increasing regulations. This is why it is important to hold such events for recognising entrepreneurs who despite of difficult conditions continue to contribute to improving the welfare of Estonia and fulfil the state treasury with taxes. The Estonian Employers’ Confederation would like to thank all entrepreneurs who have participated in this award competition and of course congratulates the winners,” said Chairman of the Council of the Estonian Employers’ Confederation Tiit Kuuli.
Winners of the EAS Entrepreneurship Award 2017:
- Innovator of the Year – Testlio OÜ
- Regional Company of the Year – Incap Electronics Estonia OÜ
- Exporter of the Year – Magnetic MRO AS
- Responsible Company of the Year – Rimi Eesti Food AS
- Foreign Investor of the Year – Toftan AS
Winners of the Estonian Chamber of Commerce and Industry’s Companies’ Competitiveness Ranking 2017:
- The Most Competitive Micro, Small and Medium-Sized Company – Hekotek AS
- The Most Competitive Large-Scale Company – Tallink Grupp AS
The most competitive companies 2017 by areas of activity:
- Nortal AS – Communications and IT
- Stora Enso Eesti AS – Industry and energy
- Le Coq AS – Food industry
- Swedbank AS – Financial brokerage
- Silberauto AS - Wholesale
- Tallink Grupp AS - Tourism
- Tallinna Kaubamaja Grupp AS - Retail
- Merko Ehitus AS - Construction
- E.L.L. Kinnisvara AS - Service
The Company of the Year was selected by an honourable jury, which consisted of the Minister of Entrepreneurship and Information Technology Urve Palo, Chairman of the Board of EAS Alo Ivask, Member of the Board of the Innovator of the Year 2016 Estonian Cell AS Siiri Lahe, President of the Bank of Estonia Ardo Hansson, Rector of the University of Tartu Volli Kalm, Chairman of the Board of Cybernetica AS Oliver Väärtnõu and Entrepreneur of the Year 2012, director of Chemi-Pharm AS Ruth Oltjer.
The gala event for recognising the best Estonian companies is organised by Enterprise Estonia, Estonian Chamber of Commerce and Industry and Estonian Employers’ Confederation.