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7 unicorns founded by Estonians and / or in Estonia have taken the country to Europe’s (and probably the world’s – depending on methodology for counting) top in number of unicorns per capita.

The corona crisis is affecting the entire society and many people are experiencing difficulties. Tallinn City Government introduced additional support measures to mitigate the negative effects of the restrictions necessary to prevent the spread of COVID-19 disease. From March 11 until the end of April, parents will be exempted from paying the kindergarten fee, sports clubs and entrepreneurs will not have to pay rent for city premises, and the payment of sports subsidies to sports clubs will continue in full. The city also offers benefits to city residents in economic difficulties.

In 2021, the Estonian startup ecosystem witnessed several significant moments. Wise became the first Estonian decacorn, investments into Estonian startups more than doubled compared to 2020 and the turnover of startups showed a very high growth rate. Our startups are getting more mature while offering jobs to more than 8100 people and paying 125M EUR in employment taxes in 2021. Furthermore, 4 startups successfully exited and 3 new unicorns were born. Let’s dig deeper to 2021 in the Estonian startup scene!

Estonian Startup Awards 2021 gala took place on January 21, 2022. Over 300 startuppers and impact makers of the sector gathered at Vaba Lava to officially wrap up 2021 and celebrate the biggest wins of the year. Most noteworthily, 8 award trophies found a new home - scroll down to see the FULL SHORTLISTS and WINNERS of Estonian Startup Awards 2021.

The Tallinn City Government sent the council a draft to continue with the European Space Agency’s business incubator programme 2024-2027 and to support new joining companies with up to €270,000.

The Tallinn City Government plans to allocate more than 8.8 million euros in 2024 to support the transition to Estonian-language education. The measures include teacher training, recruitment of new teachers, methodological and motivational support for teachers, assistance for children transitioning to Estonian-language education, support and counseling for both parents and teachers, and the creation of an online learning environment.

After 21 years the periodic land valuation was carried out, which will provide Tallinn landowners with objective and up-to-date information of the market value of their land. The results of the 2022 valuation will be used for taxation from 2024 onwards. The land tax will not increase by more than 10% per year

The Tallinn City Government is set to submit the 2025 city budget proposal to the City Council. The proposed budget totals €1.29 billion, which is €69.9 million (5.7%) higher than the revised 2024 budget. The largest portions of both investment and operational expenses are allocated to education and mobility.