Why Estonia Is Becoming Europe's New Economic Powerhouse
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- Опубліковано 7 вер 2024
- How the world's first digital nation built "E-everything".
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As an Estonia citizen, who worked in Youth Politics, International affairs and left the country in 2019
Firstly:
In USSR Estonia got the biggest amount of investments and freedom than any other communist state.
Huge amount of money was invested in to construction of housings, factories and science.
Until today about 70% of people live in these houses until today.
It was the richest and most free part of Soviet Union - like California in US
Life in Estonia during that time was the highest between all communist countries.
Secondly,
Education in Estonia is good for tests, but teachers get the lowest income and no one wants to work in schools.
Kids, as my generation, have horrible memories how they were forced to study by teachers with unlimited power - now no one wants to remember that experience and dont respect work of teachers, as most of them were very agressive.
Thirdly,
Economical growth has nothing to do with happiness and a good life.
The Government with elite are very corrupt and are now stealing so much money from local people, that all businesses are going away. After the start of war, they increased prices for electricity in 20-100 times depending on day.
If you put together all taxes local people pay, then its about 80%+
So an avarege citizen works 10 months a year just to survive, earns for himself for 1 month and 1 month for vacation.
This is called Slavery.
I love Estonia and it has great potentional, but right now its not a good place to invest your energy, money or time.
The elite focuses on making Estonia the most expensive country of Europe, so to keep sucking up people money through mafia dirty system of taxations and police inforcement.
People in Estonia and smart, strong and patient.
My deep respect to all who are now fighting for their survival right now in this unfair political game.
Which country then do you suggest investing one's energy, money, and time?
My neighbour is Estonian, she is highly developed human, she can learn anything in such a short period of time.
What techniques does she use to learn at such a short period?
@@torpidfella293brain :) :D
you both ever heard of sarcasm?
I've visited Estonia 3 times over the past 10 years and you can notice how much the country is progressing each time you get there. Buildings are restored, new tall buildings are popping up, the infrastructure gets improved, the old town becomes more beautiful, it's becoming a modern and trendy country. Keep it up, Estonia!
And prices get more expensive and the overall population gets more poor.
Just wanted to mention that we, ethnic Estonians, consider Soviet Union's time as occupation and annexation. It was a dreadful time which didn't only halt Estonia's economic growth but also changed our demographic composition so drastically through immigration that ethnic Estonians make up only about half of the capital Tallinn's population even today (compared to over 80% before Soviet occupation) and it's even worse in some other parts of the country. The safest and most logical way to stay alive as a small Finnic nation is to hold up close ties with the only other Finnic country in the world - Finland. Finland and Estonia are closest to each other linguistically and culturally. Our fast development wouldn't been possible without Finland's help.
Im pretty sure if you had American style vacation policy instead of the 28 days I heard you get, the growth would not have been possible either. I know you may take it for granted, but in North America people are burning out and losing productivity because their only reward from work is often just more work. They don't have time to enjoy life and it really hurts the economy and society.
Just my opinion.
@@abcdedfg8340 No one in Estonia is taking anything for granted. Except maybe the 1% who lives and thinks theyre above everyone else
Why the ethnicity matters that much? This is racism and ethno nationalism
@@feliche2292 estonians and russians are not a race, nor 2 different races, so your arguement is invalid. Besides the point also but - racism is a good thing.
Hey bro, what was the ethnic composition of Tallinn before 1917 :) ?
We Estonians are going through the toughest time since the 90's. There is a huge hole in the budget, and they are taxing everything from cars, sugar to the air we breathe (joke but the point stands), to find that money. Inflation gets bigger, housing is unaffordable, all professionals are fleeing the country to get better pay. It's a mess. And there is no end in sight. Prognosis is that things will get worse.
Indeed
Just wanted to comment exactly the same thing. Start of the downfall I guess
All the foreign institutional investors are leaving the local stock market too.
The decline of Estonia includes the rise in taxes and the introduction of new taxes every year. Land tax used to increase by 10% annually; now it has increased by 100% this year. Real estate prices have risen by 97% over the past 10 years, driven by greed, and Estonia is ranked second in the EU for this, with Iceland being first at 107%.
I love my home and my people, but not those running it. I would not recommend a foreigner come here looking for a "better" life. We have had numerous startups go bankrupt, and the situation remains challenging. Pensions are being cut, child support for both large and small families is also being reduced by about 10%. Graduates from medical school often move to Finland or elsewhere.
Additionally, food prices have increased by more than 30% this year. Local farmers are closing down due to industry monopolization and increased taxes. Teachers earn the same wages as those working in supermarkets or gas stations and are exhausted by the system. We had a major teachers' strike that halted studies for two weeks, and the salary increase we received was just €18.
Until last year, Tallinn and every county bus route were free; now you have to pay for them. At the same time, donations per capita for the Ukraine war are the highest in the EU. Fuel prices are even higher than in Finland or other higher-GDP EU countries and continue to rise each month. We are experiencing record numbers of layoffs and company closures, with an 8% unemployment rate, which is a 47.2% increase compared to the same quarter last year. All these numbers are from the Statistical Office of Estonia (Stat.ee).
You might ask, why am I still staying here? It’s convenient and offers things that other regions don’t have, but the average Estonian has never been so poor in the history of our country, largely due to our current political party, Reformierakond.😊
Your iq is room temperature isnt it
Agree with everything. Quality of life is getting lower due to prices being raised like crazy. Some offices are getting ditched and businessmen who want to sell their office space are not able to due to lack of buyers. I am told by some people, that people visiting from other EU countries look very surprized when they see that our food prices are higher than their countries.
@@MuntoRickDiaz Finlands median wage is between 2.5-3k and food prices per kg is roughly 10% lower there. For instance check finnish products in our supermarket Prisma, dairy products from finland are 30% lower than our local products, which is insane and sad.
@@3omab I would say that it's infuriating.
And what is even more infuriating, is that we killed our agriculture when we joined EU. Never have I seen in any country, that local produce is more expensive than imported. Have you been to baltijaama turg or central turg? Estonian grown food is much more expensive than food imported from other EU countries.
Similar thoughts here. I really love my country, but not the greedy pigs who run it. At this point in time they are just shooting themselves in the feet.
I've been living in Estonia for more than 5 years and established companies there.
When I arrived, real estate prices were still fine, VAT was 20%, companies could operate without taxes on profit, which is a great way to accelerate development of startups (Estonia has this system were taxes are only paid when money goes out of the company to individuals through salaries and dividends).
Today the situation has completely changed. Real estate prices have skyrocketed, but more troublesome : the government is just focused on raising taxes every year for both individuals and companies. VAT has raised to 22, they want to raise it to 24%!
Income tax is being raised a few % also and also they want to introduce a corporate tax. Having no corporate tax was a huge advantage in terms of simplification, accountability, etc. It's a bit sad to see the direction the government is making.
I'm seeing more and more entrepreneurs and real estate people slowly moving to Latvia and Riga, where the prices there are still competitive.
I am so proud of our Estonian brithers and sisters. I haver visited there multiple times after soviet times and theyr growt have been insane! Old Tallinn is my favorite place on this earth and i have visited many old towns around Europe. Every time i see food delivery robot on street here in finland i think about estonia and how far they have come. Love from Finland to Estonia
I guess you should thank Germans for Old Tallinn! ^_^ I wish, We - Estonians, had it in us to build such amazing and beautiful towns like Germans used to! ^_^
Love you too Finns!😎
@@GreatRetro Shut up troll
I'd say it's pretty misleading. Handful success-stories does not mean that Estonia or it's people are becoming insanely rich. In fact currently Estonia has big deficit in budget and government is trying to fill the hole by introducing many new taxes. That means opposite to your claims - people are getting poorer while Estonia as a state is trying to keep it's head above the water. Hardly a way to become insanely rich ;) I'm guessing that it results in another exodus like during previous economic crisis when many estonians left to other countries like Finland. This time it looks like crisis is everywhere and nowhere to run.
Estonia should rise taxes and rise retirement age to 70 if it wants to survive
Don't believe everything that the government tells. Estonia's deficit isn't that big of a deal. We should remember that the current Western economic system, that Estonia is a part of, is dependent on constant loaning. All successful countries, including our neighbors Finland and Sweden, are in constant debt. Keeping Estonia's governmental debt low may seem smart from a regular citizens perspective but is detrimental to the further development of the country and interferes creating more balanced and wealthier citizens. A moderate amount of loans and deficit is actually good. Hiking taxes, like our current government does, usually leads to less tax return because people will stop buying as much. One simple example was Denmark's tax on sugary drinks. They saw a significant rise in tax return as soon as their government lessened the tax percentage. That's because people began buying more sugary drinks as they could afford them more. Repressing purchasing is always a bad idea in the capitalist system.
@@carleryk Did Martin Helme Write this comment 💀
And, Estonia is on the way to raise their taxes to Nordic levels.
So much for capitalism...
@@j.r.90001 who cares about the taxes, if your net income is still enough to live comfortably and you also get so much back from the taxes you paid? if Estonia gets to the living standards of Finland, Denmark, etc., then it would be fucking amazing
I am a estonian. The problem is we have extremly high prices and our last 2 main politicians have crumpelete our economy. There are lots of people deciding to leave the country. The only place anyone would live at is South Estonia or capital for fast travel.
We are stronger than Latvia and Lithuania, but our small army is nothing towards the tank group near Narva border with a bomber airbase 200 kms away.
As an Estonian citizen, I can say that this video is complete bullshit.
1) Development projects were constructed thanks to European regional development fund. Without the money from EU, Estonia would look like a third world country right now. The only credit you can give to the government is that they took as much money from the EU funds as they could.
2) That whole argument regarding PCs and "encouraged to use them" in schools is entirely misleading. During my student days (2007-2019), yes my school had PCs, but they were gatekept from students. The only time when you were allowed to use them was during computer classes, which were at best once a week and not even every year. There was never any "we are growing a coder generation" intentions. In fact, those computer classes were very basic and taught you how to use MS Office, not how to code.
3) "Revolutionary way of teaching mathematics" - this whole part is nonsense. Most math teachers were (and in some schools still are) old, and they taught math the same way they did during Soviet times. The only difference was in book visual design.
Estonia is a decent country to live in. But it is definitely not rich and most likely never will be. Videos like these are misleading and essential just a crap content.
estonia is having a economical crizis right now and its getting worse..
Wtf is Bolt? Haven't you heard about Skype? They're billionaires. Also even showing that such thing as computer in school inspires some nerds to create startups. Once per week is enough to create interest about tech.
Only thing I agree is that they used much Europe money (as startups use investors money).
We could be rich. Not under the current government now. People will not vote for parties with better economic policies and lower taxes due to ideological reasons. It's more important to stick it to Putin and adopt Western European values than actually do better for the country. Then they go and do Pikachu faces and complain about everything.
I moved to Estonia from Finland 4 years ago and started a business here. I 100% agree with this video. Very on point and I really love being an entrepreneur here!
You didn't and you don't live here. Sign up urself for the course how to lie better
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Estonian uranium was used for USSR nuclear weapons is what mining natural resources meant
As an estonian i say to this video very inspirational but also very false lol.
Kudos for finding actual Estonian Soviet footage, instead of generic stock Soviet clips. And what an unpleasant throwback, time is supposed to make memories sweeter, but this was genuinely grey and hopeless time
Several problems here..
Firstly our government which does not favour wage workers, it is in my opinion the only way capitalism thrives here. Pay workers shitty wage = many opportunities to hire cheap labor, otherwise business suffer, so they make low-wage workers suffer instead. You can be successful in Estonia if have a good education, are born into wealth or have connections to get a job. Like for example our ex-prime minister had spoken out against russia (absolutely shat on Russia) severing our ties with our neighbour, justified yes, because of Ukraine-Russian war, but at the same time while every other business stopped trading with russia , Kaja Kallas' family traded with russian oligarchs making a HUGE profit for themselves. Absolutely hypocritical! and nobody cared. and that's while she got 7k+ monthly + benefits (same wage as in Germany's Bundestag, except Germany is richer!)
I'm not sure we can have our hopes up with such corrupt ministers.
Yes, our capital has become more renovated and beautiful, but who does that really benefit? Housing market owned by rich and foreign businessmen? Tourism?
Secondly how can Estonia become rich if we have extremely low birth rates. Considering how our politicians love the smell of money and cheap labor they might open our borders for immigrants.
It's funny how our country is greeting immigrants with open arms but if you want to work in costumer service you HAVE to know Estonian language by law.
Minimum wage got raised by 100+€ a year or so ago, where they funnily announced that it wont be raised again soon. Yet they raise parliament wages very regularly.
After that one of the manufacturing company had layoffs, because ''paying workers is getting too expensive'' . And that's for a sewing job. Can you imagine sewing 168+ hours a month so you can get under 1k €, while rent is 400€ on average.
Estonians often joke about how we were once slaves but personally I think nothing changed. It's still pretty much slavery if your only income is a salary job.
The best out here. Strange, huh, how you can work as a warehouse worker for example, do everything and come home beaten and earn only 900 euros, Brutto. Physical work is nothing here, you will be paid more to do some shitty job as a consultant or something. Even couriers are paid more.
Great video! Estonia is also a lovely place to visit - I spent a week there and totally fell in love with it. If it manages to stay out of Russia's clutches, it's going to become a very rich and even more advanced country.
Glad you enjoyed your time here!
Obviously it is Estonia. Pretty well known in Europe 😅
Live in Estonia 44 years and this video is lie ! 30 years after independence 85% of population still live in soviets buildings , ppl poor you can hear about median salary 1500 euro but only half of working ppl have it ! All that picture of and bla bla bla is EU money now its end and now we have unemployment and our taxes skyrocket ! Next year try to leave country as many other ppl its starting imposible to live here ah and prices now is similar as Finland Austria or Germany story of succes lol !
@@Doradoo-h1q Wow, you really are dumb.
@@Doradoo-h1q антончик, ботярыч, ну почему так мало стараешься?
@@Doradoo-h1q 70% live in apartments (Including apartments built after occupation), well over half of those 70% are russian immigrants from ussr that own their soviet era apartments so they have no reason to move out of them. Younger families mostly live in newer buildings. Buildings built in last 10yrs, the proportion of families with kids is 52%. Obviously most russians earn less than median salary since u refuse to integrate therefore cant find jobs or get low paying job and then play victim. U are obviously russian bot Mr. "Антон Журавлев"😂
In some european countries for sure
Estonia is very well known in indonesia
Is it? Why?
@@martinkoitmae6655tourists probably
@@reiksxd5832it's not, he's BSing (I'm from here)
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From my personal financial advisor
Estonia also has more models per capita than any other country. Coincidence? I think not.
They also have 28 days paid leave. It helps when employees have real positive incentives to be efficient. Time is short, people want enough of it to enjoy for themselves. Just my opinion.
Most European countries have that im sure
Estonian labor laws are pretty good overall, even compared to west EU and Nordics
@@kevz_14 Agreed on that. Yet employers in the North America wonder why staff are not productive on 2 weeks off (or less) which does virtually nothing to reduce burnout and productivity decline.
I have heard in the United States, that they are also sometimes subject to labor law violations by bad employers that would likely cause public opposition in European countries like sick day denial or being told to work for free by denying overtime.
I do not understand why people in North America especially the United States from what i heard, tolerate poor treatment from some companies including open violations of labor laws. It only results in low productivity, less economic growth, and miserable lives.
Not all employers are bad, but until employees are generally respected and protected in North America like in Europe, it will be nearly impossible to improve productivity.
Just my opinion.
Its usually 2 weeks and more often than not you can only use 1 week and not both together.
Some companies even have collective pto(whole company is on a vacation)
Currently Estonia is getting insanely poor.
Never knew Estonia was this based.
Now I’ve got to know more.
yea i belive TV too my IQ is -65 ! Plz go here watch you own ayes how based is here :) not 3 days summer like those youtebers try live a bit here lol !
@@Doradoo-h1qbot
as estonian its all illusion
Why?
@@PradhanmantriBruhhWe are poor as shit. Our taxes are rising, wages are staying literally the same, prices have doubled. The government is fucking over it’s people, our health care is pretty poor, food is slowly becoming unaffordable. Don’t buy into the illusion of supremacy, Kaja kallas fucked us over and our new goverment seems to be even worse.
@@PradhanmantriBruhh The cost of living in Estonia is comparable to Finland while at the same time offering far smaller wages. Also a lot of Finns used to go to Estonia shopping since everything was cheaper there, can't imagine them doing so in the future.
@@Zagriel. Interesting. Why is it so expensive in Estonia?
@@PradhanmantriBruhhbro they are literally lying dont listen to the bs they spew! They dont understand economics at all so they are pissed that we have rising taxes and think we are the only ones in the EU with rising taxes. I bet they will say next that we have the highest taxes in the EU even tho we literally have one of the smallest taxes at 22%
Everyone is talking about Asia's rise/upcoming rise, but East Europe is at the start of just as large an economic boom: it and Europe are going to become far wealthier than it/they already is/are.
Estonia and the Baltic states are NOT eastern Europe! lol
Unlike Asian powers which had high fertility rates before and during their initial economic rise which helped them to develop cheaply and fast eastern Europe and Baltic states are already getting old and depopulated before starting to develop which prevents them from growing economically in the long term
The only advantage they have is that they receive hundreds of billions of Euros in EU aid programs while those programs are tied to anti corruption laws and mechanisms at the same time which is an advantage that only happened once in history when western Europe recieved American aid during the Marshall plan
@@GreatRetro we are
@@santsu9426 go away, BOT!
@@GreatRetro u go school
Man as a German I wish Germany would finally use Estonia as a role model in terms of digitalization and education. I mean, IT OBVIOUSLY WORKS. We have the money to change the whole system in 20 years.
As a Finn, I wish the same for my country. Estonia has outperformed Finland in some aspects (digitalization, IT). Estonia is like Japan in terms of technological advancement in society and businesses. Our younger brother (Estonia) can do many things better than us! 🇪🇪🇫🇮
@@deutschland-2001 Estonia actually took the education model from Finland, which was aided by Finnish government and some of its companies. To drive it in, Finnish results in PISA are near identical, with much less homework given to students.
You deserve to pat yourself in the back more than you realize
@@deutschland-2001Interesting. Estonians look up to Finns. Cool to say that some Finns are also inspired by what we do and what we have accomplished.
To see*
@@GreatRetro they look up to them so much that they increased their prices to their level.
Excellant way of thinking & developing small nation!
I heard that you can connect to wifi in the Estonian forest 😅
Yes, around 99% of Estonian territory has WiFi
Not wifi, but yes internet connection.
True
@@rasrai6099 do you even know, what is WiFi??
Do you, @@Heinakuhi? He means mobile network
It used to be like that, now we have huge downfall due to incompetent/corrupt government. In short time we are already behind the other baltic countries. Prices for food/clothes are already top 5 highest in EU while avarage salary 1300-1500 net. Never before have we had so many tax increases + new taxes, people are getting poorer.
Because imbecelios just keep voting the same party in and then complain about it. Wow so expected
Estonia was NEVER part of the Soviet Union - it was illegally occupied by it. Estonia considers itself legally continuous to the 1918 Republic of Estonia.
Also, bad taste to show the literal symbol of Russian imperialism when talking about Estonia's cultural connections to Northern Europe...
Ok buddy
True!
@@Viperedits123 ?
Я специально напишу по-русски. Эстония это часть Российской империи. За неё Петр 1 заплатил шведам после 1721 года. Тарту это русский город Юрьев, и ваша страна была независимой меньше чем была частью России во всех её названиях
@@user-co1sh8sy6j I don't speak your genocidal language. Speak human.
work in finland for greater wages > take 30min boat to estonia > live like king with low taxes
For the people out here in the comment section, I as a Estonian can say, that yes we have nice education system with free university degrees, yes we are very technologly advanced and have many succesful startups as Bolt and Skype but the average person is strugeling for the last few years, we had the worst inflation in EU and to make the situation better, the leaders decided it is good idea to increase taxes and lower financial aid, oh.... our previous prime minister who now is a member EU parlament, said on live TV "electricity molecules", so this a short introduction to my native country
I am finnish and have been watching Estonias situation for a while now. Before covid it was super cheap to come to Tallinn for weekend vacation but nowadays the prices have skyrocketed, and some groceries are even more expensive than in Finland. But as far as I know the wages still are way less than in Finland, I hope Estonia can rise again from this
Estonia has an aging declining population how are they supposed to provide aid when social security programs are getting unsustainable ?
@@baha3alshamari152estonias population had been rising last 7 years.
After 90s russian military left, which was like 1/5 of population.
@@EstViking Rising due to immigration not due to birth rate
@@fluite9336 true, they accept others when they can't pay proper wages to their own people.
Stop joking, Estonia is most expensive income/outcome intercourse per ppl in the world. Country even dont have any resources or big exports, only we have is some stupid not worthy startups and good profit making foreign banks, because pple here very like to take loan money for buy everything. This country is arrogantly bankrupted only another loan from IMF can helps for some time and its really suprised to heard something about become to RICH. 😂
brother we are poor stagnant economy
latvia is rising fastest
I bet this prediction is taking its form. After I visited Estonia last year I could notice how good things in general are functioning there. Everything looks neat, and I saw no homeless people wandering around. Estonia will definitely make it happen the way you're assuring it here. Viva Estonia!
waiting to get rich as an estonian be like:
What’s about Lithuania? They are doing well too.
Lithuania does not wear this badge of a "digital nation". They don't count.
Kidding though, at these troubling times Estonian economy falls and Lithuanian economy grows.
Lithuania is already way ahead, our goverment here in est has made us the poorest in region in very short time.
@@lauriL90that's true.
100% government and healthcare and economy sounds so scary. I hope their cybersecurity is top notch. In the show Berlin station in S3 Estonia was the battleground for the season where cybersecurity and old Soviet flames were the issue. And now it sounds like it could actually be a reality.
Please make a video about saudi arabia. The recent economic growth is very interesting and i dont feel that the general audience has a correct idea about it. Their growth strategy is very smart and multi faceted id love to watch a video about it
Salery for estonian 1400eur and for immigrant 1800eur min Otherwise, the company will be fined fom EU. Free television and Shops is also Russian or Ukrainian. Here everything is very bad from the point of view of Estonians.
Estonia literally has the exact things I would do to improve Finland. They have a flat 20% tax rate. Teaching programming in schools. Having a far-right government.
We literally have the most left government in the history if our country wtf are you on about?
Tax rate is now 22%.
@@kevins6581from next year 24% and salaries are getting taxed 22%
If you start startup you can get 30k as support from government in Estonia
12k*
this is not true
@@Tsiode ye i realized that. Its actually 5k from Töötukassa. Not 30k at all lmao.
As an Estonian I can confirm that depending on the sector and the application time you can in fact get upto 200k€ in support from the government. But there are many different grants. You can also just get 20k or the 5k start capital. All in all, the goal is to make your firm create jobs and pay taxes. But if you are smart and know how to apply for different grants you can get a lot of help. There also used to be a government investor company that operated in the same way angel investors do. The project was a success and the government eventually even earned a profit before politicians changed the system-
@@elisterr kes annab sulle 200k? Ole normaalne. Lol.
Great Video.........Keep it up
Hey man, another great video- *btw, it's not "clog" (a type of shoe), it's "cog"- e.g. "cog in a wheel" or, as you intended, "cog in the machine."🙂
Nice and interesting material. I am subscribing to your channel.
Thank God it's easy for Finns to learn Estonian. We're moving back to our roots! Suddenly when you've got money, we wanna unite the Kanda-tribe
Estonia is also becoming most expensive country in EU in 2025.
While offering the same wages.
@@Zagriel.Who are buying all the real estate if wages have remained the same. Clown 🤡
Thats literally not true 💀
@@Lilpiip123 how so?
a country CANT be built on startups and hype.
estonia can :)
Nice video about my Estonia)) But basically our success based on the friendship with USA since 1970's. Giant american influence here in Estonia and of course they give to us tons of money to development
I am from Estonia and Estonia is one of wore country there is huge taxes
I AM SUBSCRIBED for such content!
But you have yo pay an Estonian director... or subcontract 1000€...
You are wrong, 1,3 people but estonian speaking estonian are 650000. Most have left the country! There is no market for companies going bankrupt.
Ngl im a bit jealous from Finland but also ofc very happy!
yes yes i would like to know what my country will do now
Great video, thanks for that insight on the unique country
Estonia is now Finland’s role model.
Not really. Estonia has always managed to play the wrong horse in the course of history, and we are well aware of that. It's not our role model.
no its not lol look at finlands wages vs estonian wages. and then look at taxes, etc etc...
It sounds like making the government efficient and easy to understand for even the dumbest citizen is what really made the difference here, other than education. You don't have to spend weeks on trying to understand one little function of the government and therefore can more fast and cheaply with whatever business idea you may have.
This 1m person pigmy state is disappearing as all young people leave.
Incredibly based
A Baltic Spring, Estonia has successfully made a choice to move forward.🎉
I hope Jurgen is watching UA-cam. Cut down tax for businesses and reduce government spending. How hard it can be to govern small nation finances? Get a grip
Hahaha, Estonia rising taxes, has no plans for growth and pushing out expats. Good luck 😂
Is this video a joke?
Yeah who needs Germany as Europe's economic powerhouse when you have Estonia.
Why couldn't Russia learned from Estonia?
Russia has population of 145 millions not just 1.3 million but if you visit Moscow or St Petersburg then you can see high development too
@@baha3alshamari152 Only Moscow and Petersburg?
Estonia (as well as several other Eastern European countries and Ireland) is the beneficiary of massive EU largesse! Ask another country like Greece or Portugal or Spain what they think of the EU, and you might get a very different answer. Russia is 145 million people and has to take care of itself without anyone else's largesse.
Cultural differences also. Moscow and petersburg are developed only because of oil and gas they have. The rest is like typical russia with corruption and poverty. For example in Estonia the most underdeveloped region is also the most biggest % of russians. Same in Latvia.
@@pineapplesareyummy6352 Estonia reached double GDP per capita of Russia in 2004, that means before any EU development funds. Russia is also incredibly rich in resources and has significant geopolitical power, both of which Estonia has almost none. And this was before any sanctions hit Russia due it starting eliminating opponents and journalists.
Not saying EU projects do not help, obviously they do. But they aid, not drive development and they are nothing compared to what Russia earns from selling its natural resources
Nice explanation.
Even depressed Estonian communists make a game like Disco Elysium.
Life for avarage person is not that great though. Finnish prices with wages that are 40-60% lower
Programming at 6 years old is crazy god damn Estonia you guys just manufactured these tech mfs on a conveyor belt. That's cool though that's cool.
Aight but you just mentioned 3 or 4 companies that originated from Estonia and they're all relatively lame companies making lame products. This also presumes that if that is the only thing they can show for losing their childhood at 6 years old, for every 1 Estonian that's successful in tech there are probably 5000 Estonians that failed and are losing in life.
Thank you for a good video! I would like to add that Estonia was actually innovative and tech savy even during soviet times. very advanced radio tech was developed and built here. Some of the space stuff and more. We were used as a bucket of resource but our most valuable resource was human brainpower.
Also you have a huge risk of dying from boredom in estonia
That's called a lack of hobbies or inner resources :) much better to live here than in any war-torn country or otherwise unsafe place.
@@asdfasdfasdf4748its definitely not simply lack of hobbies. There is simply not much to do, its all bars and casinos in Tallinn 😕
@@kevz_14 People from Helsinki come to Tallinn all the time because there's nothing to do in Helsinki. Riddle me that...
@@asdfasdfasdf4748 yeah maybe to sightsee and go to nice nature trails and forests. But every time i go to finland theres activities to do, arcades to go to, bigger variety of sports to take part in. Im from London and moved to Tallinn a few years ago, so i could also just be unconsciously comparing the amount of things to do. But in comparison to Finland, Estonia doesn’t have much to do. I will open an arcade here one day though haha
@@asdfasdfasdf4748 btw i’m not hating on Estonia. I just feel that the country has a lot of potential and its failing to reach those levels. Low income and expensive living is likely a big reason though
reason why finnish people want to move to estonia: taxes
Flat tax is very bad to people earning less than 3000 €. Lots of the people earn much more in Finland if taxed in Finland.
Quick new idea for next video topic … make how westerners have rebranded Indian invention as their own 😊
like example: Indian yoga is rebranded as Christian yoga, chai tea latte, leaf plate, golden milk of Starbucks ( haldi milk )…etc
Well, interesting video, good of you to mention Estonia, BUT! What you probably mean is that the GOVERNMENT plans to become rich, by every year 2% increase in taxes, highest inflation rate on the planet for 3rd year in a row, so thats around 40% by now, also all this time, prices double if not worse, and salaries... only ministers salaries rise 200% or so, from 5k a monthy to 9k monthly, the rest of the majority of the population earns less than 2k, minus taxes, and thats the salary they get with about 60-180 overhours per month. So 60-80% of estonias population has to live from paycheck to paycheck with around 1400.€ if not LESS! average electricity bill is now higher than in finland, average salary is twice as low, Estonia is not planning to become insanely rich, it is the most expensive country in Europe to live in as of 2024. Fact. And the illegitimate government who hacks their votes because... they're like putin who trusts electronic polls 100% - is making the majority of the population poorer, anti-nationalist, pro-civil war etc etc...
Lies, lies, lies. I'm ashamed to have such drama queen liars as fellow countrymen. Absolutely nothing you said is true or factual. Who ever reads you comments must totally dismiss it. :D
Lol, the country itself maybe becomes insanely rich with very high taxes, but people living in Estonia will become extremely poor.
Jesus from where to start.
Okey lets start from begining, the history. 1 Estonia was not USSR poor state like shown in this video. In fact Estonia was one of the most developed state in USSR, during oxupation we were the test ground for new stuff. USSR allowed on purpose us to see Finnish tv and stuff. Our economicy did definetly not stagnate, infact our economey was in much better state than its nowedays. We had shipbuilding, agriculture, hevy industry, ight industry even a freaking nuclear industry. We had nuclear navy submarine bases here, we provided electricity to allmust all of balticum. Soo this idea of Estonia as a backwards poor soviet state is totaly wrong.
2 Saying that our economey made 180 after reindependence is again wrong. In fact now we are much more of raw resource exporter than before for last 30 years we have mostly exported raw wood not itsproducts. From energy exporter we have become importer. Our agriculture was totaly destroied by Mart Laar. The country is full of abandoned villages. The land area that is under crops is going down, while over 20% of our forrests have been cutted down. Soft industries also have been destroied, all cities exept Tallinn and Tartu are losing populations countrieside also. Paycap between capital and rest of countrie is huge. Average sallary in capital is about 2000 euros while in rest of countrie its only 1300. 40% of people live in relative povettry while 8% of people live in apsulute povetry. Soo saying this is economic succsess story is frankly just lie. 3 Education is frankly screwd again all the other smaller schools are being closed. The well established soviet times school network is failing. We are in huge crises for teacher. Last year there was a protest from teachers for example. Also teachers duties get continously expanded and therefore new teachers dont graduate and those who go to school leave it in 3 years. Comparing our PISA results is again totaly flawed and specialy when saying our education has gotten better. Wrong they have tested that after this technology inclusion in everything in school average IQ of highschool graduate dropped 8 points during 2002 and 2014. Soo noo thats definetly not sucsess. 4 Birthrate has done free fall, at the end ov soviet union we had 1.5 million by now its less than 1.3. And durning Ukraine war we have taken over 100 000 refugess makeing our nationality questionable. Before we had like 800 000 estonians and 500 000 slavic people now its 800 000 to 600 000. Our whole northern region is allready dominated by Russian. The influence of that immigration has been wors than during the worst of soviet times. 5 Saying that we are succsess story compared to europe and rest of ex soviet countries again wrong. We have become much poorer than Lithuanians and Latvians by now. While when we exited the soviet union we were much better off. We are one of the most expensive countries in EU while our sallaries are not. 6 E everything again wrong. We have no real electios anymore. Over 70% of people dont trust the results of elections, those were very clearly seen durning 2023 elections where paper votes and e-votes were totaly opposite. And there have been over 60 cases sent to high court only 1 has had some kind of sentence. While the elections are in very clear violation of constitution. Example Constitution says clearly "elections happen in first mays sunday after for years from pervious and are same for all". That specialy clarifies that elections happen durning one day. However we have elections that last for a week. Also you can recast e-vote but not paper vote therefore thats again aginst constitution which says are same on all. And our high court just ignores, or not acualy it has said allready twice that this is wrong and parlament should do something about it. However it does not discredit e-votes which it clearly should. Soo frankly our high court is corrupt. 7 Saying that we dropped soviet style. Again wrong, most of people in power are ex high ranking communist party members. Specialy for our ruling party which has been ruling allready over 20 years in row basicaly. Its leader is one of the highest estonian commmunist party members Siim Kallas. And now his daughter was in power. One more example now they remade property tax for houses, and that will hit my family for 5000 euros per year in couple of years. That is 4 months of worth of average sallary. And its purely from properies that are inhereted from my grand mothers and those are just 3 houses of 100m2. Those are not fancy castels soo yee.
Frankly when you know nothing of the subject please dont great such videos. You keep up the lie of sucsessful country image and that is acualy realy bad for us who live here and have to suffer. Huge amount of Estonians have allready fleed the country because of the ex communists who are in power and ruined the Estonia. Because westerners llike you just keep showing Tallinn old town and say oo see how nice it must bee the reality dont get any true coverage. World will think its roses here while in truth its opposite. Currently we are in worse situation than during soviet times thats a fact, and it wont get better before we can become truly independant again and remove ex communists from power.
It's not enough that tech bros get rich if ordinary working people can hardly afford to eat and have to go over the bay to Finland to make a proper pay for basic jobs
THIS. It‘s a shame that the government is so nearsighted and lack empathy to realise how their "seemingly small" 2% VAT increase affect regular people.
Our inflation is crazy, and Estonia is failing because of reformierakond!
Yeah, the government is creatign the inflation of the fully open capitalist market. :D Good to know. :D (Sarcasm)
As an Estonian - I have lived in both Switzerland and Estonia. I returned home and won't leave again as Estonian lifestyle beats Swiss lifestyle in every and any category. And for my countrymen whining here in the comments about how life is so bad - you don't like it here? You don't need to be here. Leave. Estonians refer to whining as a national sport - you can find plenty of examples here in the comments. If you don't like it, leave. We won't miss you. Life isn't easy in Estonia as we are a tiny country who has to compete with the whole world to keep up and flourish. And if you don't like it, just go, you won't be missed. The whining about everything just sours everyone else's mood who actually wants to be here so just ..leave. Nothing is holding you here.
Why do you think Estonian lifestyle is better than Swiss for you?
Fake commentary by an American. 😂😂 I'm an Estonian living in Switzerland. Estonia cannot compete especially now.😂
Way to Go !
Amazing
🌏
Does being small help?
Large or small, if you have the motivation and balls to actually implement the changes, then good things will happen.
Having a government that cares and supportive neighbours helps
On average, Estonians are some of the tallest people in Europe, behind only the Dutch.
Literally has holes in budget and scraping bottom of the barrel for any money.
Also Estonia, we be rich soon, trust me bro?
First time heard of Estonia... I thought only America is everything. Thx 👍
Considering their appeal to centralize functionalities and fundings on national scale (converting surrounding areas to beggers), while also still using soviet blueprints for their city plannings that straight foward were designed to root out culture, private economy, independence with an aim to isolate and slave it's people, it's hard to see how this nation is still not inspired and driven by the money and morals borrowed from the east. At this rate it is very hard to see even how they will manage to bring their citizens into the middle classes that is crusial for an healthy democacy. It's moving slowly towards a nation that's similar to an American middle lands, continuously investing into asphalt and oil, but has to import everything and is/was/still is using east for it, while probably it's citizens struggle to fill at the same time their stomaches and gas tanks, surrounded by underdeveloped enviroments unable to implement peoples potential, provide them with financial freedom and ending up brain draining the area. The same centralization infectes also nations IT department. It's not often when a nation beta tests it's services live, while the private sector and citizens have to carry the financial burden that comes with it. Among Baltic States Vilnus has been the go to IT recruitment center for quit some time now. Estonia still fights with its soviet blueprints.
できるでしょうか？
Tore siin elada kuigi valitsus ei tea mis nad teevad
WOW!
why is there so many videos on the baltic states particularly estonia its best to keep them obscure places in europe
Good video.
i have been in Estonia i love them cause they have an important Orthodox community there and really beautiful churches
i wish they start to have more kids again and return to their eastern values ☦
Greetings from Patras, Greece
The orthodox community are usually ethnic russians. But yes, we do have a lot of orthodox churches etc
@@asdfasdfasdf4748 Ohh really? i didn´t knew that, i wish Orthodox Estonian community to grow cause Orthodoxy is for all, we have 15 Patriarch in the Orthodox Church i wish one day Estonia to have their own Patriarch
@@KonstantinosPhillippikos Ah okay. Estonians are usually 80-85% atheist here but the ethnic russians are about 50% orthodox 50% atheist
Insanely rich? No more! A Baltic chihuahua doesn't get to pick a fight with a superpower neighbour which used to supply them with energy, resources, tourism, trade without consequences. They now have the highest inflation rate in Europe AND negative economic growth.
The Russian trolls have crawled out of the woodwork with their jealousy and smaller salaries.
Russia is super power only geopolitically, ruble is most unwanted currency not even china or india touch it. They force russia to receive yuans. And inflation is double in Russia compared to Estonia. Only negative consequenses are seen in Russia, not enogh men to work, interest rate 18%. Estonia has wiped the floor with Russia last 20 years what comes to standard of living compared to Russian. Estonian men live almost 10 years longer than Russians on averidge.
If you take a morgage loan in Russia, then you pay 20% interest, if you take same loan in Estonia, you pay 1-2% interest. Estonian living standard is 80% from EU standard but yes, the prices are 1:1 compared to EU avarage.
@@kasperiization Have you stepped a foot in Estonia? It's practically dead
Like many countries, especially wealthy countries, Estonia needs to lift its birth rate from a society killing 1.6 children per woman to at least 2.2. Advanced software isn't going to get it done.
And how should Estonia do that?
@@martinkoitmae6655 Atleast to keep their sitizens from leaving the country?
Nice fairytale 😂
😂😂 I think we should tell it to our kids is a bedtime story. I'll start tomorrow
Great. Estonians are getting rich. Where is my money?
Estonia, a country that its entire infrastructure was built by the Soviet Union
Nice try by raising taxes