Having long positioned itself as a link between the EU and Russia, the Estonian flag is reducing its size, leaving aside direct competition with neighbouring flags such as Lithuania and Poland. It is gradually focusing on its domestic market, and a large part of its international activity is organised around its Finnish and Swedish neighbours.

Rampant inflation, reaching a record 25 % in 2022, is undermining company finances. Social costs are soaring. To remedy this, the government has introduced an increase in non-contributory travel allowances to cushion rising costs. More generally, the Estonian economy is increasingly turning towards the Scandinavian and Anglo-Saxon markets. By abolishing corporate income tax on undistributed profits, it is moving towards a fiscal liberalism that is open to the world.

Conventional sectors such as transport and industry are giving way to IT, making Estonia Europe's new Silicon Valley. As for its road haulage sector, it will lose a third of its overall activity between the 2016 peak and 2022. The cost per kilometre of international intra-EU TRM will increase by +26 % between 2019 and 2022, reaching €1.22/km, equivalent to the cost per kilometre in Spain.

The CNR invites you to discover this new study, which provides full details of the Estonian MRT.