Toomas Prangli said that he never saw foreign capital leaving. “Foreign capital has been active in Estonia all along. Activity has been greater among Estonian investors,” Prangli said. The expert said that Estonian companies have started buying up competitors or ventures in other sectors and Estonian executives have become bolder, which is why he feels Estonians are also buying things back from foreign capital.
“Foreign investors’ interest in the Baltics never fell, rather Estonians became more interested in acquiring ventures. And that interest keeps growing,” Prangli said.
The consultant said that Baltic companies are growing and are starting to appear on the radars of investors from beyond Scandinavia.
“That alone is bringing in more investments,” he said. “In addition to American investors, we’ve also seen money from China. The Chinese have invested in Taxify and acquired Magnetic MRO the headquarters of which is in Estonia.”
The specialists are optimistic concerning the future and believe that news of other major transactions are in store, provided no great disaster takes place.
“Looking at what we have on the table, this party will probably last until the end of the year, and we’ll see what next year will bring,” Sven Papp said.
Asked whether more news could be expected this year, Papp said: “I believe there will be a few more things. However, things are so good right now, I doubt they can get better.”