Author: admin-cycoma

Events

Cocktails and dinner with MEDEF Lille métropole: a look back at the evening at the TV Tower

Post author By admin-cycoma
Post date 15 May 2023

Cocktail and dinner with MEDEF Lille métropole:
Review of the evening at the TV Tower

Last Monday, CAdFE members had the opportunity to visit Tallinn’s TV Tower for a cocktail party and dinner organized as part of a MEDEF Lille Métropole Learning Expedition to Estonia.
In an exceptional setting, our members and those of MEDEF Lille Métropole were able to exchange ideas and create new business opportunities.

A regional component of MEDEF, France’s leading business network (with over 173,000 members nationwide), MEDEF Lille Métropole brings together entrepreneurs who want to exchange, grow and engage in local public debate.

Particularly interested in the themes of AI and digitalization, MEDEF Lille métropole visited Estonia to meet the many players who are making this country a global reference in the digital field.

In the midst of a busy schedule of meetings, MEDEF Lille Métropole made a point of meeting CAdFE and its members for a cocktail party and dinner at the top of Tallinn’s TV Tower.

Our president, Violaine Champetier de Ribes, introduced CAdFE to MEDEF members in a speech attended by representatives of major tech and retail companies, banks, universities and research institutes.

They were able to make initial contact with CAdFE members and representatives of the French Embassy in Estonia at a cocktail party featuring Estonian products.

Discussions continued over lunch, taking in the panoramic view of Tallinn and its bay.

We would like to warmly thank our members and those of MEDEF Lille métropole for their presence at this event.

Don’t miss our next event:

May 18 – 18:15/21:30: Business competition for Ukrainian refugee women (free for members).

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Events

New beginnings: Supporting Ukrainian women through mentoring

Post author By admin-cycoma
Post date 5 May 2023

New start:
Supporting Ukrainian women through mentoring

Join us on May 18 for a presentation of four business projects run by Ukrainian refugee women in Estonia.

This event is organized in collaboration with Hands for Ukraine, an Estonian NGO that helps Ukrainian women with children find housing in Estonia, and with FICE (Foreign Investors Council of Estonia).

The competition aims to identify a group of Ukrainian women who are fluent

who want to set up their own business in Estonia.
Four projects will be presented.
Event participants will be able to vote for their favorite project.
The overall winner of the competition will receive a first prize, and all winners will be offered mentoring by members of the Chambers of Commerce.

Here’s a summary of the projects:

🍰 Halyna Proode’s project is to set up a company making plant-based cakes and desserts, gluten-free and lactose-free, without refined sugar, artificial food coloring or eggs.

💻 Anna Posdniakova’s project is to create an influencer marketing agency, bringing together all the influencers in Estonia, Latvia and Lithuania to connect them with companies looking for the best influencers.

🥓 Anna Lytvyn’s project is to set up a business selling healthy snacks such as dried fruit, dried fruit rolls, dried meat and dried vegetables.

🔠 Olena Bezsmertna’s project is to create an e-learning platform for the most widely used languages in the European Union – English, German, French – but also Estonian.
The platform will be open to any number of students, and will be based on the “Mnemo” learning technique.

Join us in supporting entrepreneurship and contributing to the integration of Ukrainian women into Estonian society.
This is an exciting initiative that reflects the values of the Estonian business community, committed to promoting diversity and inclusion.

Volunteers are needed to mentor the winners.
This is a great opportunity for members of the business community to give back and help support a group of women who are motivated and eager to succeed.

If you would like to volunteer to become a mentor or need more information about the event, please contact the Club d’Affaires des Francophones en Estonie or Hands for Ukraine or FICE for more information.

Registration is compulsory.
Tickets include access to the Ukrainian buffet.

https://bit.ly/EmpoweringUkrainianWomenThroughMentoring

Tickets for CAdFE members are free*.

The price for non-members of CAdFE is EUR 10.00 per person.

*only valid for CAdFE members with an active subscription.

If you would like to join CAdFE and benefit from the discount, please email us at events@cadfe.ee.

No refunds within 24 hours of the event.

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Conferences

A look back at our conference: Opportunities and prospects for Estonia’s energy transition

Post author By admin-cycoma
Post date 21 March 2023

Back to our conference:
Opportunities and prospects for energy transition in Estonia

Last Thursday, we held our conference on the theme of energy transition in Estonia, at which our speakers, professionals from the sector, shared their visions and forecasts for the development of the energy market in the region.
Our members also had the opportunity to ask questions and discuss future issues.

The conference began with an introductory speech by our President, followed by our first speaker, Kristo Kaasik, Director of the Renewable Energy Sector at Estonia’s Ministry of Economic Affairs and Communications.
Kristo Kaasik began his speech by taking stock of Estonia’s progress towards its targets for renewable energy production and consumption, in comparison with other European countries.
Estonia is the 8th European country with the highest share of renewable energy in its production (30.2% in 2020).
Nevertheless, Estonia has real difficulties in producing low-cost energy, which penalizes it and makes it less competitive on this market.
In any case, the country is not lacking in ambition, since the government’s stated goal is for 100% of the energy produced in Estonia to be renewable by 2030.
Kristo Kaasik also gave us an overview of the resources and infrastructure being deployed to achieve these targets, via solar and especially wind power projects.
This also involves changes in legislation to speed up the launch of these projects and achieve these targets on time.
In this way, Estonia also hopes to gain energy independence.

Then it was the turn of Raido Hallik, Director of Services and Renewable Energy Development at Enefit Green.
Raido Hallik began by pointing out that the current energy crisis has highlighted the extent of the EU’s dependence on fossil fuels.
Enefit Green’s ambition is to become the largest producer of renewable energy in the Baltic States and a major player in this sector in Poland.
Enefit Green currently relies on long-term energy sales contracts to invest in new renewable energy infrastructures, with a focus on solar/wind complementarity.
In particular, our speaker stressed the need to develop offshore wind farms.
Questioned by one of our members about the absence of a development plan for nuclear energy in Estonia, Mr. Hallik explained that Estonia had no experience in this field and therefore risked wasting too much time training the many engineers and workers needed for this kind of project.

Finally, it was the turn of Stéphane Lobbedey, former director of the Normandy region’s renewable energies department, to speak.
Mr. Lobbedey began by presenting the Normandy region in terms of energy production.
The Normandy region has been at the forefront of marine renewable energies (MRE), with the very first French offshore wind farm project at Veulettes-sur-Mer in 2005.
The region’s attractiveness in terms of MRE stems from a strong focus on coordination between local authorities, energy producers and universities, as well as international cooperation (with Canada and Scotland in particular).
The Normandy region has also made major investments in its infrastructure, such as the ports of Le Havre and Cherbourg.
Mr. Lobbedey then turned to the subject of hydrogen, which again has been the source of major investment in the Normandy region.
Numerous hydrogen-related projects and initiatives were presented.

Our conference ended with a buffet and a time dedicated to exchanges and networking.
We would like to thank our speakers for their rich explanations and expertise, and our members for their presence.

Don’t miss our upcoming conferences & events:

April 5: Breakfast at the French Embassy in Estonia
April 20 – 18:00/21:00: Start-up competition – New start: Empowering Ukrainian women through mentoring
May 8 – Cocktail + Dinner with MEDEF Lille Métropole

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Conferences

Opportunities and prospects for Estonia’s energy transition

Post author By admin-cycoma
Post date 3 March 2023

Opportunities and prospects for the
energy transition in Estonia

Take part in our exclusive conference with leading experts on March 16.

Faced with the challenges of climate change, the European Union has set ambitious targets on several occasions since 2008.
With the “fit for 55” legislative package presented in July 2021 by the European Commission, the European Union would aim to reduce greenhouse gas emissions by 55% by 2030 and achieve carbon neutrality by 2050 in all member states.
Due to the war in Ukraine, the RePowerEU plan was adopted in 2022, with a target of 45% renewables in electricity production by 2030.
Targets have also been set for hydrogen.

For example, France is a long way from meeting its climate targets (as the French president has stated).
The country would have to make twice as much effort to get on track.
This implies a great deal of investment, while facilitating the energy transition.

So what’s the situation in Estonia?
How does the country plan to meet its targets?
How can the energy transition also help develop the economy?

with :

– Kristo Kaasik, head of the renewable energy sector at Estonia’s Ministry of Economic Affairs and Communication.

– Raido Hallik, Head of Renewable Energy Development and Services at Enefit Green

– Stéphane Lobbedey, former head of the Normandy region’s renewable energies department.

Registration is compulsory.
Tickets give access to the buffet.

https://fienta.com/et/opportunities-and-forecasts-of-the-estonian-energy-transition

The price for CAdFE members is EUR 10.00 per person (a hot buffet is included).

The price for non-members of CAdFE is EUR 20.00 per person (a hot buffet is included).

* only valid for CAdFE members with an active subscription.

If you would like to subscribe to CAdFE and benefit from the discount, please send an e-mail to event@cadfe.ee.

Agenda:

–18.00 Doors open and welcome buffet

–18.10 Greetings from Violaine Champetier de Ribes, President of CA(d)FE.

–18.15 Kristo Kaasik : Past actions and future plans to meet Estonia’s climate/energy transition targets.

-18.35 Q&A

-18.45 Raido Hallik: What are Estonia’s next (committed) steps, the challenges ahead and how is the sector evolving?

-19.05 Q&A

–19.15 Stéphane Lobbedey: The Normandy experience.
How has an industrial sector been built up in marine renewable energies and hydrogen?

-19.35 Q&A

-19.45 Social time

-21.00 End

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Articles

What does the Central Bank of Estonia predict for the economy in 2023?

Post author By admin-cycoma
Post date 6 January 2023

What economic forecasts for 2023
according to the Central Bank of Estonia?

The inflationary and energy crisis affecting the European Union has been particularly severe in Estonia, with the highest inflation rate in Europe in 2022 (19.4%).
Yet demand has held up, thanks in particular to high levels of disposable savings.
This has enabled companies to achieve relatively good results.
However, the collapse in demand is beginning to show and is likely to accelerate in Q1 2023.
As a result, the macroeconomic outlook for 2023 is darkening.
A long-term exit from the crisis is possible at the expense of a balanced budget, a first for Estonia.

A macro-economic situation that has held up relatively well in 2022

In contrast to the rest of the European Union, the inflationary crisis will begin in Estonia at the end of 2021, with the reform of Pillar II of the pension system, making over a billion euros of liquidity available on the market.
Added to this is the high level of savings available as a result of the Covid crisis, which further supports demand and creates the first inflationary pressures.
The war in Ukraine, which began in February 2022, accentuated these tensions and made the situation uncontrollable: between November 2021 and November 2022, inflation was almost 22.5% (then 19.4% from January 2022 to January 2023).

Despite this high inflation, demand remained stable in the first three quarters of 2022, mainly because households opted to draw on their disposable savings.
While this helped to accelerate inflation, it also enabled companies to weather the crisis well: over the course of 2022, the unemployment rate fell by one point, from 6.2% to 5.2%.
By way of comparison, the European average is 6% at the end of 2022, and France 7.1%.
In addition to sustained demand, the post-Covid recovery is also responsible for this buoyant job market.
Labor shortages may even have emerged in certain sectors, and salaries have risen by 8.7% over 2022, with the average salary standing at almost EUR 1,682.

In 2022, however, the Estonian economy experienced a slight recession, at -0.5% according to the Central Bank of Estonia.
This should be qualified by the fact that, at the same time, the Ministry of Finance announced growth of 1%.
In any case, these figures contrast sharply with the strong dynamism of 2021, with its 8.5% growth.
Public finances were relatively sound over the year: spending to support the population came late in the year, while revenues rose sharply from the start, thanks in particular to sustained demand despite inflation.
As a result, the public deficit is below 2% for 2022.

A gloomy outlook for 2023

The strong demand of the first three quarters of 2022 has slowed since the fourth quarter, due to dwindling disposable savings and inflation outstripping wage growth.
This drop in domestic demand, combined with higher production costs due to energy inflation, is a major threat to businesses.
We must also take into account the direct consequences of European sanctions against Russia: the Central Bank of Estonia estimates that 11% of Estonian employees depend on products of Russian origin.
Faced with these difficulties, the companies concerned are likely to lay off over 1,000 employees.
Added to this are the Ukrainian refugees: at the beginning of December 2022, almost 6,300 of them were registered as unemployed, i.e. 12.6% of the registered unemployed.
In 2023, unemployment is set to soar: the Central Bank of Estonia anticipates an unemployment rate of almost 8.5% in 2023 and 8.7% in 2024.

Against this backdrop of crisis, the Central Bank of Estonia anticipates growth of 0.4% in 2023 (compared with 0.5% for the Ministry of Finance).
Similarly, inflation will fall but remain high: the Central Bank of Estonia forecasts a 9.3% rise in prices in 2023 (compared with 6.7 for the Ministry of Finance).
Although the government measures introduced in autumn 2022 may have contained energy inflation somewhat, falling temperatures are likely to push it up again.
This uncertainty, combined with falling domestic and foreign demand and rising interest rates, is discouraging companies from investing.

The Central Bank of Estonia believes that the effect of the austerity monetary policy is being counteracted by a fiscal policy that it considers to be stimulative, as it is too deficit-oriented.
In fact, the budget deficit will increase exponentially in 2023: on the one hand, revenues will fall due to the decline in consumption and the rise in non-taxable social minimums, and on the other, expenditure will rise sharply, notably due to the increase in family allowances and the rise in public-sector wages to bring them into line with the private sector.
Consequently, without major policy changes during the year, the budget deficit will be 4.6% of GDP in 2023.

A long-term way out of the crisis at the expense of a balanced budget

The region’s geopolitical context makes long-term predictions uncertain.
However, the Central Bank of Estonia anticipates a strong recovery in 2024, with growth of 3.1% (compared with 3.0 according to the Ministry of Finance) and inflation down to 2.8% (1% according to the Ministry of Finance).
In the long term, this recovery will help to reduce unemployment, which is expected to remain at 8.7% in 2024, before falling to 7.6% from 2025 onwards.

The 2023 budget voted by the Estonian Parliament at the end of November prioritized the energy and security emergency over budgetary balance by introducing numerous new expenditures (i.e. more than 3% of GDP allocated to the defense sector).
In the absence of major geopolitical or economic developments, the budget deficit should rise to 4.6% of GDP in 2023, then fall by 0.7% a year to 3.8% in 2024, 3.1% in 2025 and fall back below 3% in 2026, with a deficit of 2.6% of GDP.
According to the Central Bank of Estonia, as public spending is incompressible due to its strategic importance, the only room for manoeuvre available to the State is on the revenue side.
The Central Bank concludes its report by pointing out that the tax burden is one of the lowest in the European Union (33.3% of GDP), whereas the EU average is around 40%.

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Articles

Estonia’s foreign trade in the first three quarters of 2022

Post author By admin-cycoma
Post date 6 January 2023

Estonia's foreign trade at
in the first three quarters of 2022

Estonia’s foreign trade in goods by value grew strongly in the first half of 2022, driven by a sharp rise in both export and import price indices.
This strong increase seems to mask a stagnation, or even a decline, in Estonian foreign trade by volume.
Nevertheless, the structure of Estonian trade remains unchanged: Estonia trades mainly with its neighbors and within the EU, leading it to develop a slight trade deficit of EUR 2.5 bn (compared with EUR 1.25 bn for the first three quarters of 2021).

Estonian foreign trade: strong price-driven growth

In the first three quarters of 2022, Estonia exported goods worth EUR 16 bn and imported goods worth EUR 18.5 bn.
In both cases, this represents a marked increase on the first three quarters of 2021, when exports totaled EUR 13.17 bn (+21%) and imports EUR 14.42 bn (+28%).
The trade deficit doubled from EUR 1.25 bn to EUR 2.5 bn (+100%).

These increases are mainly due to higher prices (export price index: +23.1% between September 2021 and September 2022, year-on-year; import price index: +24.8%).
This means that the increase in trade by value is not reflected in trade volumes.
As a result, export volumes in the first three quarters of 2022 are lower than in the first three quarters of 2021 (-2% year-on-year).
On the other hand, import volumes increased (+3.2%).

Of the 16 bn EUR of goods exported by Estonia, 10.11 bn EUR were of Estonian origin – 63% of the total exported.
The proportion is lower than in the first three quarters of 2021, when Estonia exported EUR 9.61 bn of goods of Estonian origin.

The country will export machinery and electronic equipment worth EUR 3.26 billion in 2022, EUR 242 million more than in 2021.
This type of product accounts for the largest share of exports (20.4%), followed by mineral and petroleum products (EUR 3.17 bn, or 19.9% of exports).
Exports of mineral products have risen by 43% compared with 2021 (EUR 2.225 billion in 2021), an increase of EUR 952 million.
Exports of wood products have also risen, from 1.43 billion EUR in 2021 to 1.79 billion EUR in 2022.

Machinery and electronic equipment are also the main import items, accounting for EUR 3.68 bn, or 19.9% of total imports for the year.
Mineral and petroleum products also saw the biggest increase over the year, rising from EUR 2.31 billion in the first three quarters of 2021 to EUR 3.68 billion in 2022.
This 59% increase is mainly due to higher energy and hydrocarbon prices.
Mineral and petroleum products accounted for 16% of Estonia’s imports in the first three quarters of 2021, compared with 19.9% in 2022.
In 3rd and 4th place in 2022, we find metal products (EUR 1.86 bn, +34%) and transport equipment (EUR 1.72 bn, +16%).

Trade is primarily regional and European

Estonian foreign trade is highly integrated at regional level.
Indeed, the main trading partners for goods were neighboring countries in the first three quarters of 2022 (six in the country’s top ten partners).
First and foremost is Finland, by far the most important trading partner, accounting for 15% of the country’s trade, to the tune of EUR 5.2 billion.
In second place, we find Latvia, with trade amounting to 3.95 billion EUR, or 11% of Estonia’s total trade in 2022.

Other neighboring countries in the top ten are Lithuania (3rd with EUR 2.88 bn, 8%), Sweden (4th with EUR 2.78 bn, 9.2%), Russia (6th with EUR 2.11 bn, 6%, as European sanctions had not yet come into force) and Poland (7th with EUR 1.69 bn, 5%).
All in all, more than half of Estonia’s trade is with neighboring countries (54% of trade), up 3 points on the first half of 2021, with Germany (5th; EUR 2.74 bn; 8%), the Netherlands (8th; EUR 1.34 bn; 4%), the USA (9th; EUR 1.18 bn; 3%), and Denmark (10th; EUR 767 m; 2%).

As the top ten illustrates, Estonia is very much part of the European bloc (8 partners in the top 10 are EU members).
In the first three quarters of 2022, total trade between Estonia and the rest of the EU amounted to 26.4 billion EUR, or 77% of Estonia’s total trade.
Exports to the EU reached 11.6 billion EUR in the first half of the year, up 22% on the first three quarters of 2021.
Imports from member states amounted to EUR 14.8 billion, up 30%.
Estonia recorded a trade deficit with the EU of EUR 3.2 bn in the first three quarters of 2022, compared with EUR 1.9 bn in 2021.

Bilateral trade relations with France: balanced, limited trade

Bilateral trade with France grew markedly between 2021 and 2022.
Indeed, trade between Estonia and France reached 569M EUR in the first three quarters of 2022, compared with 513M EUR over the same period in 2021.
This represents an increase of 16% in one year, less than other countries, which drops France to Estonia’s 14th trading partner.

Estonian exports to France totaled 301M EUR, up 22% on the first three quarters of 2021.
Imports from France, on the other hand, rose by 11% year-on-year to 295M EUR for the first three quarters of 2022.
This means that Estonia’s trade balance with France is almost balanced, with a trade deficit of just 6M EUR.

Estonia’s main export to France is timber and timber products, worth 76.8M EUR in the first three quarters of 2022.
These products accounted for 28% of Estonian exports to France.
The other main export sectors to France are machinery and electronic equipment (57.6M EUR; 21% of exports to France), and chemical and industrial products (45.6M EUR; 17%).
Overall, the main sectors of the Estonian economy exported less to France in 2022 than in 2021, with the exception of the wood sector (+26%) and the seeds sector, which rose by a staggering 1827% (from 0.7M EUR, 0% in 2021 to 11.49M EUR, 4% in 2022.

Conversely, Estonia imports from France mainly transport equipment (98.6M EUR; 29% of imports), metal products (65.9M EUR; 19%) and chemical products (55.2M EUR; 16%).
Estonian imports from France rose by 22% compared with the first three quarters of 2021.
This increase was mainly driven by metal products (+99%).

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Visit

Chocolala workshop with CAdFE

Post author By admin-cycoma
Post date 16 December 2022

Chocolala workshop with CAdFE

The Chocolala workshop was fantastic!

Many thanks to Youssef Laban and his team.

We learned a lot about cocoa and chocolate.
Estonians love chocolate!
They eat 13 kilos per capita per year, making them the fourth-largest chocolate consumers after the Belgians, the French and the Swiss.

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Events

Special CAdFE and BECC evening France-England match on 10.12 at 9pm.

Post author By admin-cycoma
Post date 6 December 2022

Special CAdFE and BECC evening
France-England match on 10.12 at 9pm.

With the World Cup Final just around the corner, we invite you to join us for one of the most exciting matches of the tournament: France vs England!

Kick-off is at 21:00, and Nimeta Bar will be broadcasting the match on 2 big screens and 15 other TVs.
The event is free and open to all, so join us and support your favorite team!

Join us at the Nimeta bar, Suur-Karja 4, 10140 Tallinn at 9pm.

Let’s watch the game together!
No registration, no fees and the pub has no name 😉

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Conferences

Does crypto still have a future?

Post author By admin-cycoma
Post date 26 November 2022

Does crypto still have a future?

The CA(d)FE team is pleased to invite you to an exclusive conference:

Thursday December 08 at 6pm at Nordic Hotel Forum – Viru väljak 3, 10111 Tallinn.

Does crypto still have a future?

In the midst of the turmoil shaking the sector, does crypto still have a future?

Will the crypto-currency winter ever come to an end?

Is it still the right time to invest in crypto?

How will the new Estonian regulations affect local crypto companies?

____________________________

Registration is compulsory.
Tickets give access to the buffet.

Click here to register: https://bit.ly/3VlUnMC The price for CAdFE members is EUR 10.00 per person *.

The price for non-members of CAdFE is EUR 20.00 per person.

*Only valid for CAdFE members with an active subscription.

Agenda:

-18.00 Doors open and welcome buffet

-18.10.
Salutations de Violaine Champetier de Ribes, présidente de CA(d)FE.

18.15 Dr. Chris Kacher
Chris Kacher: Does crypto still have a future?

18.35 Q&A

-18.45 Frédéric Hubin: Is Estonia leading the way in regulating crypto-currencies?

-19.05 Q&A

-19.15 networking

-21.00 End

Introducing the speakers: – Dr. Kacher
Chris Kacher, Managing Director, Hanse Digital Access OÜ

Chris Kacher is the co-founder of TriQuantum Technologies, a KJA holding company where he is the principal portfolio manager.
Dr. Kacher’s indicators
Kacher’s indicators have revealed all of bitcoin’s ups and downs since 2011, give or take a few weeks.

He has been involved in blockchain since January 2013, when he bought his first bitcoin and attended Buterin’s ETH meetings in London.
He launched one of the first regulated, asset-backed blockchain platforms, HanseDigitalAccess.
His crypto fund for investing in digital assets will be launched soon, but in the meantime he has launched a test fund.

D. in nuclear physics from the University of California at Berkeley.

Dr. Kacher
Kacher (stage name: Christian Casher)was a concert pianist from the age of 5 to 12, composing his first song at the age of 5.
He has published numerous articles and books on nuclear physics and business.

– Frédéric Hubin, member of the Dream Finance OÜ Board of Directors

Frédéric has been working in the banking and financial sector for almost 25 years, with experience gained in Switzerland, Luxembourg, the UK, Belgium, the Netherlands, France and now Estonia.

His expertise covers most of a bank’s activities, from payments to derivatives pricing or from compliance to clearing and settlement.

Frédéric’s interest in Blockchain dates back to 2013, and he began developing smart contracts mimicking derivatives as early as 2016.

He is currently a board member of Dream Finance OÜ, the company behind the CoinsPaid, CryptoProcessing and Altra.House brands.

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Meet & Share

CAdFE’s Beaujolais nouveau evening

Post author By admin-cycoma
Post date 18 November 2022

CAdFE's Beaujolais nouveau evening

Yesterday, we held our third Meet and Share and celebrated the launch of Beaujolais nouveau 2022.
As one of our members reminded us, Beaujolais nouveau is not a vin de garde and must be drunk before the following January 1st!

This year’s harvest was quite good.
Our members were happy to share this moment with the French Embassy in Estonia.
We also had the opportunity to welcome newcomers to Estonia and introduce them to the basics of life and business here.

Make a note of the upcoming dates! The next event, on December 8, will focus on crypto-currencies, and our Xmas Meet and Share will take place on December 15 in the form of a chocolate workshop. Stay tuned for more details.
Registration will open soon.

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Contact us!

✉ contact@ccife.ee

CCI France-Estonie is proudly affiliated to CCI France International, the worldwide network of French Chambers of Commerce and Industry.

Download the CCIFI Connect application

Accelerate your business thanks to the 1st private network of French companies in 94 countries: 119 chambers | 33,000 companies | 4,000 events | 300 committees | 1,200 exclusive advantages

Exclusively for members of the CCI Françaises à l’International, discover the CCIFI Connect app.

Stay informed!

Keep up to date with the latest news from the Chamber and never miss an upcoming event.

Made with ❤ by Cycoma

Cocktail and dinner with MEDEF Lille métropole: Review of the evening at the TV Tower

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

New start: Supporting Ukrainian women through mentoring

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Back to our conference: Opportunities and prospects for energy transition in Estonia

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Opportunities and prospects for the energy transition in Estonia

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

What economic forecasts for 2023 according to the Central Bank of Estonia?

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Estonia's foreign trade at in the first three quarters of 2022

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Chocolala workshop with CAdFE

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Special CAdFE and BECC evening France-England match on 10.12 at 9pm.

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Does crypto still have a future?

Contact us!

✉ contact@ccife.ee

Website

Stay informed!

Contact us!

✉ contact@ccife.ee

Website

Cocktail and dinner with MEDEF Lille métropole:
Review of the evening at the TV Tower

New start:
Supporting Ukrainian women through mentoring

Back to our conference:
Opportunities and prospects for energy transition in Estonia

Opportunities and prospects for the
energy transition in Estonia

What economic forecasts for 2023
according to the Central Bank of Estonia?

Estonia's foreign trade at
in the first three quarters of 2022

Special CAdFE and BECC evening
France-England match on 10.12 at 9pm.