Professor Douglas K Peterson writes that Estonia has so many more opportunities to be successful in quick-developing sectors like tourism, shipping and IT.
Hotels, restaurants and souvenir shops in Tallinn's Old Town (the capital of Estonia) are hoping to catch customers with low prices, not with an innovative or original approach.
Tallinn could stress its stronger but lesser-known sides – its zoo, the Rocca al Mare nature trails, its churches. That way, the tourism industry could concentrate on different target groups and attract families as well as tourists who keep coming back.
Estonia's competitors are Romania, Bulgaria, Latvia, Lithuania, Slovakia, Albania, Slovenia and the Czech Republic, Peterson says. The advantages of Riga and Prague are low-cost flights.
Tallinn's advantage is Estonian Air and the availability of its Star Alliance partners. - Source: Tourism.ee
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#1 Greece and Estonia: Economic Antipodes
I think Less than a decade ago, Estonia was in the grip of the Russian Bear and was part of the Soviet empire. All that changed on September 6, 1991, when Estonia's fully independent status was conceded by the USSR State Council. Estonia immediately set out to put its economy on a free-market course. There were no fond memories of the good old communist days, nor were there any illusions about where third-way socialism would take Estonia.
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