According to eningbo, Estonia in 2012 was a small European country located on the Baltic Sea, with a population of approximately 1.3 million people. It was bordered by Latvia and Russia and its official language was Estonian. Estonia’s economy was primarily based on services and manufacturing, with the majority of its revenues coming from exports of timber, furniture, electronics and other manufactured goods. In 2012 Estonia had been a member of the European Union since 2004 and had made significant progress in transitioning from a centrally-planned economy to a market-based one. This period had seen economic growth as well as improvements in living standards for much of the population. In addition to this there were also efforts to reduce corruption which further aided economic growth and development. Despite these successes however there were still some challenges facing Estonia in 2012 that threatened to hinder economic progress. These included an aging population which could lead to labour shortages as well as increased pressure on government finances due to pension payments for retired citizens. In addition there were also issues with bureaucracy which hindered business development as well as innovation within the country’s economy. Overall, while there were still some areas of concern facing Estonia in 2012 it had made great strides towards improving living standards for its citizens through increased investment into infrastructure projects, foreign investment into businesses and industries, as well as an increasing focus on developing renewable energy sources such as wind power which promised better opportunities for future generations of Estonian people. Estonia is a small country located in Northern Europe, bordered by the Baltic Sea and Latvia. In 2015, its population was estimated to be around 1.3 million with the capital city of Tallinn being home to around 400,000 people. The official language is Estonian although many other languages are spoken in Estonia such as Russian, English and Finnish. The economy of Estonia is largely dependent on services and industry with tourism being an important contributor to GDP. The service sector accounts for around 70% of the country’s GDP and employs nearly 80% of its population. Industry is also an important contributor to the economy with electronics and IT being some of the most important sectors. Despite these industries, poverty remains a major issue in Estonia with many citizens living on less than $2 a day. Estonia has been ruled by President Toomas Hendrik Ilves since 2006 when he assumed office after winning democratic elections held in 2005. Since then he has maintained a pro-European Union stance which has seen Estonia join both NATO and the European Union in 2004 as well as adopting the Euro currency in 2011. Despite this open stance towards Europe there have been some issues regarding civil liberties such as freedom of speech and press freedom which have led to criticism from human rights organizations. However there have also been efforts towards reform including allowing opposition parties to contest elections since 1991 however these efforts have not yet resulted in any significant change from within the government itself. Check cheeroutdoor for Estonia Business.