FICE. Foreign Investors Council in Estonia

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1

2 A lobby group aiming to act through contacts with the Estonian Government and Estonia s Governmental bodies

3 A lobby group aiming to act through contacts with the Estonian Government and Estonia s Governmental bodies Formally launched August 11th, 2008 FICE Chairman Jens Christiansen Chairman of the Danish-Estonian Chamber of Commerce FICE Secretary Kristiina Sikk Ombudsman at the Swedish Chamber of Commerce in Estonia

4 A lobby group aiming to act through contacts with the Estonian Government and Estonia s Governmental bodies Formally launched August 11th, 2008 Pioneering FICE members: The American, Austrian, British, Danish, Finnish, German-Baltic, Holland, Norwegian and Swedish Chambers of Commerce, Business Clubs and Marketing Offices in Estonia

5 Some FDI s connected with FICE: FICE A lobby group aiming to act through contacts with the Estonian Government and Estonia s Governmental bodies Formally launched August 11th, 2008 Pioneering FICE members: The American, Austrian, British, Danish, Finnish, German-Baltic, Holland, Norwegian and Swedish Chambers of Commerce, Business Clubs and Marketing Offices in Estonia A more than 80% share of the total foreign direct investments in Estonia during the first six months 2008 [source: Eesti Pank]

6 FICE: - A voice of the foreign direct investors in Estonia - A wish to contribute - A willingness to share international business and economical experiences

7 A dialogue with the Estonian Government and Estonia s Governmental bodies - What can we do together - Set up a communication structure - Short and long term goals - Working groups

8 Benefits - FDI & international community support - Positive news on Estonia in international and local media - International experience exchange

9 A need for a common focus! - An ambition and a common commitment for the development of a brilliant future of the country and society - Creating a common understanding of the strategy among persons who can contribute to the succesful execution of the strategy - The situation is in constant change and the interest groups are constantly expecting more out of less. The country, society and the people needs to be ready for that - Develop Estonia s skills in fast execution of the decided strategies without the sacrifice of people, time and money

10 wrote a letter... FICE FICE is hereby proud to contribute to the Estonian Action Plan for Growth and Jobs :

11 wrote a letter... FICE FICE is hereby proud to contribute to the Estonian Action Plan for Growth and Jobs : assuming a general political consensus on three vital and basic issues: - Estonia, Estonia s Government and Governmental bodies considers investments necessary for the country s continued economical development - An investment is not an expense - Investors expect a Return On Investments

12 FICE s three major issues: - The tax system - The energy - Education and Labour

13 s letter: FICE FICE is hereby proud to contribute to the Estonian Action Plan for Growth and Jobs : Tax system - Keep the tax system simple and attractive - Make Estonia a financial center & hub

14 s letter FICE FICE is hereby proud to contribute to the Estonian Action Plan for Growth and Jobs : Tax system - Keep the tax system simple and attractive - Make Estonia a financial center & hub Energy and environment - Develop new energy sources like nuclear and renewable energy - Develop transmission connections with Nordic and cross country cooperation - Better management of the forest resources - Continue with the efficient use of EU cohesion funds to improve the Estonian transport infrastructure, in particular the road system - Environment and sustainability are global issues and opportunities that should be prioritized

15 s letter FICE FICE is hereby proud to contribute to the Estonian Action Plan for Growth and Jobs : Tax system - Keep the tax system simple and attractive - Make Estonia a financial center & hub Energy and environment - Develop new energy sources like nuclear and renewable energy - Develop transmission connections with Nordic and cross country cooperation - Better management of the forest resources - Continue with the efficient use of EU cohesion funds to improve the Estonian transport infrastructure, in particular the road system - Environment and sustainability are global issues and opportunities that should be prioritized Administrative reforms - Merge smaller municipalities to bigger units - Improve the integration of minorities - Fight corruption between business and politics - Streamline the approval, management and payment process of EAS funds to Estonian small to medium size enterprises (SME s)

16 s letter FICE FICE is hereby proud to contribute to the Estonian Action Plan for Growth and Jobs : Tax system - Keep the tax system simple and attractive - Make Estonia a financial center & hub Energy and environment - Develop new energy sources like nuclear and renewable energy - Develop transmission connections with Nordic and cross country cooperation - Better management of the forest resources - Continue with the efficient use of EU cohesion funds to improve the Estonian transport infrastructure, in particular the road system - Environment and sustainability are global issues and opportunities that should be prioritized Administrative reforms - Merge smaller municipalities to bigger units - Improve the integration of minorities - Fight corruption between business and politics - Streamline the approval, management and payment process of EAS funds to Estonian small to medium size enterprises (SME s) Export - Focus on export promotion - Better service and competence in all export areas to be globally competitive - Promote Estonia as a high tech community e.g. the creator of Skype, Internet banking etc. - Focus on and improve the transit trade - Create added value in Global Supply Chains via knowledge / science Don t miss Estonia s next leap, Soon at a computer close to you!

17 s letter FICE FICE is hereby proud to contribute to the Estonian Action Plan for Growth and Jobs : Tax system - Keep the tax system simple and attractive - Make Estonia a financial center & hub Energy and environment - Develop new energy sources like nuclear and renewable energy - Develop transmission connections with Nordic and cross country cooperation - Better management of the forest resources - Continue with the efficient use of EU cohesion funds to improve the Estonian transport infrastructure, in particular the road system - Environment and sustainability are global issues and opportunities that should be prioritized Administrative reforms - Merge smaller municipalities to bigger units - Improve the integration of minorities - Fight corruption between business and politics - Streamline the approval, management and payment process of EAS funds to Estonian small to medium size enterprises (SME s) Export - Focus on export promotion - Better service and competence in all export areas to be globally competitive - Promote Estonia as a high tech community e.g. the creator of Skype, internet banking etc. - Focus on and improve the transit trade - Create added value in Global Supply Chains via knowledge / science Education - Better vocational education - Continue to develop language skills in schools - Merge smaller universities to bigger units - Heavy investment into research and development develop and sustain a high level

18 s letter FICE FICE is hereby proud to contribute to the Estonian Action Plan for Growth and Jobs : Tax system - Keep the tax system simple and attractive - Make Estonia a financial center & hub Energy and environment - Develop new energy sources like nuclear and renewable energy - Develop transmission connections with Nordic and cross country cooperation - Better management of the forest resources - Continue with the efficient use of EU cohesion funds to improve the Estonian transport infrastructure, in particular the road system - Environment and sustainability are global issues and opportunities that should be prioritized Administrative reforms - Merge smaller municipalities to bigger units - Improve the integration of minorities - Fight corruption between business and politics - Streamline the approval, management and payment process of EAS funds to Estonian small to medium size enterprises (SME s) Export - Focus on export promotion - Better service and competence in all export areas to be globally competitive - Promote Estonia as a high tech community e.g. the creator of Skype, internet banking etc. - Focus on and improve the transit trade - Create added value in Global Supply Chains via knowledge / science Education - Better vocational education - Continue to develop language skills in schools - Merge smaller universities to bigger units. - Heavy investment into research and development develop and sustain a high level Business, general - Improve co-operation between interested parties: businesses, business communities, government, authorities, etc - Focus on and support small businesses - Keep the simplicity and transparency in the business sector - Keep inflation and salaries down facilitate access to foreign workforce - Improve business relations with Russia - INCREASED efficiency must be a national topic!!!

19 Thank you and let s make the things happen! Next work meeting?

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