The Most Competitive Estonian Companies Revealed
On 8 October, the Estonian Chamber of Commerce and Industry, Enterprise Estonia and Estonian Employers’ Confederation recognised the most successful and competitive companies of Estonia at the PROTO Discovery Centre. IT company Nortal AS with over 800 employees was recognised as the Company of the Year.
The Company of the Year was selected from among the best of the Entrepreneurship Award organised by EAS and Estonian Employers’ Confederation and the Competitiveness Ranking organised by the Estonian Chamber of Commerce and Industry.
Toomas Luman, President of the Estonian Chamber of Commerce commented the winners of the competition that there have been many significant changes among the best of the fields as has been the case during the previous years. “The business environment has been changing during the past years and the picture we see today and will be seeing tomorrow will also be different from the previous ones.” He also added that this dynamic will most probably be visible for us during several years, because the future seems rather insecure and turbulent. “Entrepreneurs who are prepared to strive forward and take responsibility as owners, employees as well as taxpayers to the state, deserve our respect and are worthy of recognition,” said Luman and called for noticing and listening more to all entrepreneurs beyond such awarding events, and value entrepreneurial spirit everywhere, including education.
“In the tight competition, Nortal rose to the forefront with its impressively strong economic indicators and high level of salaries. It is a large company that is still able to grow rapidly,” said Peeter Raudsepp, head of EAS. In his opinion, Nortal clearly is a flagship of Estonian IT that develops future technologies and is one of the trailblazers of its field. “Operating in the European, Middle Eastern and American markets, they are strong exporters as well as ambassadors for Estonian digital nature across the world,” said Raudsepp. He added that the winners of all categories are characterised by international ambition and focus on innovation that is the basis for the development of our economy.
“In addition to good business results, Nortal has shown their ability to sense future trends and achieved their goals by planning their steps in a smart manner. It is clear that the development of our IT sector as a positive influence on many other sectors and boosts innovation,” said Arto Aas, Director of the Estonian Employers’ Confederation. He said that the crisis clearly showed what kind of advantage it is for enterprises and citizens that we are the leaders in the e-solutions. “The Estonian e-solutions worked even when the normal rhythm of life stopped in many countries and this is mainly thanks to companies such as today’s winner Nortal.”
Winners of the Estonian Chamber of Commerce and Industry’s Competitiveness Ranking 2020:
- The Most Competitive Large Company 2020 – Tavid AS
- The Most Competitive Small and Medium-Size Company 2020 – Kapitel AS
- The Most Competitive Micro Company 2020 – Münchhausen Productions OÜ
The most competitive companies 2020 by areas of activities:
- Telia Eesti AS, communication and IT
- Cleveron AS, industry and energy
- Liviko AS, food industry
- Tavid AS, financial brokerage
- Baltic Agro AS, wholesale trade
- Lydia Hotell OÜ, tourism and catering
- Selver AS, retail trade
- Merko Ehitus AS, construction
- Spacecom AS, service
- Kapitel AS, real estate
- Tallink Grupp AS, transport and logistics
- Tornator Eesti OÜ, agriculture, forestry and fishery
- Systemtest OÜ, architecture and project design
Winners of the Entrepreneurship Award 2020 organised by EAS and Estonian Employers’ Confederation:
- Innovator of the Year – Elcogen AS
- Exporter of the Year – Nortal AS
- Family Company of the Year – Mainor AS
- Design Applier of the Year – Ampler Bikes OÜ
- Foreign Investor of the Year – Ericsson Eesti AS
The company of the year was elected by the distinguished jury, which consisted of: Siiri Lahe, Member of the Board of Estonian Cell AS, winner of Company of the Year 2019, Raul Siem, Minister of Foreign Trade and Information Technology, Madis Müller, President of the Bank of Estonia, Mait Klaassen, Chairman of the Board of Universities Estonia, Mait Palts, Director General of the Estonian Chamber of Commerce and Industry, Arto Aas, Head of the Estonian Employers’ Confederation, Peeter Raudsepp, former Chairman of the Board of Enterprise Estonia, Kristiina Esop, CEO of Responsible Business Forum of Estonia and Kadri Mägi-Lehtsi, CEO of Roche Eesti OÜ.
Tables of the most competitive companies can be found at www.koda.ee/et/konkurentsivoimeedetabel (in Estonian)