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Wiedemanni Translation Bureau - first translation company in Estonia to have a certified information security management system

dragon-cave-dWiedemanni Translation Bureau is Estonia’s first translation company (and second Estonian company overall) to have introduced an information security management system that corresponds to the International Standard ISO 27001:2005. ISO 27001 helps companies manage the information they themselves have created as well as the information made available to the company by its clients.

„By its nature, Wiedemanni is an undertaking that handles information. Every year, we translate more than 40,000 pages of text for nearly 350 clients from approximately 20 countries. Clients order translations from Wiedemanni in digital formats as well as on paper. Since our volumes of work are constantly growing along with our in-house team, while the information society around us is reaching new stages of development, we recognised the need to take a closer look at how Wiedemanni Translation Bureau handles the transmission, management and storage of information,“ said Liina Teder, the head of Wiedemanni.

Wiedemanni’s objective is to implement sufficient security measures within the context of the most likely threats in order to prevent damage to its information assets and reputation, as well as ensure the uninterrupted operation of the company.

„We aim to be a reliable and stress-free partner for our clients,“ said Liina Teder.

The International Standard ISO 27001:2005, which, surprisingly, is all but unknown in Estonia (in addition to Wiedemanni Translation Bureau, only the major state enterprise Eesti Loto AS has achieved ISO 27001:2005 certification), defines information security as protection of the confidentiality, integrity and availability of information.

In all of the aforementioned areas, the standard points out risks that an organisation should manage in a suitable manner so as to accomplish the main objective: ensuring the availability and usability of the information of people or units when necessary, and restricting the availability of information to people and units that should not have access to it. Bureau Veritas Eesti OÜ, the company that handled the certification of Wiedemanni Translation Bureau states on its website that ISO 27001 provides guidelines in relation to the establishment and operation of information security systems as well as their maintenance and change management.

„One of the most important results of the introduction of the ISO standard has definitely been the increase of information security awareness among the company’s employees and their acquisition of new practices as members of the information society,“ said Teder. Furthermore, the introduction of the ISO standard resulted in an upgrading of the company’s technological base. „As of now, all of our IT processes are subject to constant monitoring and improvement.

Wiedemanni is the second biggest translation bureau in Estonia. Most of the projects the bureau handles are related to technical translations, legal translations and EU translations. 

Export totals hit all-time high

muuga_sadamTrade figures released by Statistics Estonia today show that the nation's exports reached 1.13 billion euros in September, the most ever seen in any one-month period.

Though the growth in exports from the previous month was slight - just over 5 million euros - a drop in imports from 1.23 billion euros in August to 1.16 billion euros in September pushed the trade deficit down to just 33 million euros, the lowest it has been this year.

In the year-on-year comparison, exports were up 3 percent, and imports 6 percent.

In September, machinery and equipment accounted for the largest share of Estonia’s total exports, 28 percent, followed by mineral fuels including electricity at 17 percent, and agricultural products and food preparations at 10 percent. It was growth in these first two categories, by 10 percent and 29 percent, respectively, that accounted for much of the growth since September of last year.

On the import side, the very same three categories came in first, second and third place for the month, accounting for 28 percent, 16 percent and 11 percent of the total, respectively.

The top destination countries for Estonia's exports in September were Sweden (16 percent), Finland (14 percent) and Russia (13 percent). Finland topped the list for countries of origin for imports, accounting for 15 percent, followed by Germany and Lithuania at 10 percent each.

Source: ERR News

Partners and useful links

» Partners
» Useful links

Partners

Ministry of Economic Affairs and Communication

Ministry of Foreign Affairs

Ministry of Finance

The President of Estonia

Chamber of Commerce

Estonian Development Fund

ICT Demo Center

Tallinn Technology Park

Estonian Waste Managament Association

Association of Information Technology and Telecommunication

The Association of Estonian Food Industry

Estonian Woodhouse Association

Association of Estonian Translation Companies

Estonian Plastics Associations

International Chamber of Commerce - ICC Estonia

Useful links

Bank of Estonia
Contains all Bank of Estonia's publications in English, released earlier than the printed versions. All economic data and indicators, as well as other studies and projections of Estonia's economy, can be found at this site.

Ministry of Finance
Reports, speeches and reviews on Estonian economy, general Government finance statistics.

Ministry of Economic Affairs and Communications
Economy analyses and reviews

Ministry of Agriculture

Estonian Statistical Office

Estonian Tax and Customs Board

Estonian Development Fund

Tallinn Stock Exchange and Estonian Central Depository for Securities

Estonian Chamber of Commerce and Industry
Contains the overview of the Estonian Economy, Estonian Trade and Investment Review, Estonian Export Directory

Enterprise Estonia
The mission of Enterprise Estonia is supporting of Estonian enterprises by applying approved and effective public measures

Invest in Estonia
Information on investing in Estonia, conditions for investing, regulations and other pertinent information.

Estonian Trade Council
Estonian Trade Council is a non-profit trade promotion association established by Estonian export oriented companies and organizations

Estonian Export Directory

Online Trade Catalogue
Estonian Trade Council's official guide to Estonian products and services

Estonian Genome Foundation

Port of Tallinn

Institute of Economic Research

Estonian Business Association
The purpose of EBA is to develop a favourable entrepreneurial and foreign economic environment in Estonia

American Chamber of Commerce Estonia

Information on investing in Tallinn

FinanceEstonia 
A public-private cluster initiative with the aim of establishing Estonia as a vibrant and innovative location for financial services.

 

Barley is the hottest food product pouring out of Estonia

109026_25Barley was the most exported food product in 2011, making up 66 percent of Estonia's grain export totals, while cocoa and related products were the most popular transit foodstuff.

In all, over 180,000 tonnes of barley were exported last year, most of which went by ship to southwestern Asia and other European countries, Statistics Estonia reported today.

Milk products were the second largest food export in 2011, with 100,000 tonnes of milk and cream sent to foreign markets. Close to 80 percent of the protein rich liquids was trucked to Lithuania.

Rapeseed was third for exports weighing in at 80,000 tons, most of which went to other European markets.

Estonia's main transit partner in 2011 was Russia. The eastern neighbor imported over 300,000 tonnes of cocoa by way of Estonia. Close to 77 percent of that cocoa was transported by rail.

Source: ERR news, picture: Postimees/Scanpix

Why Estonia?

Estonia, a European Union member state since 2004, has harnessed a free market and pro-business economic environment since the year of its re-independence. Flexibility and openness are the characteristics and pervasive principles of Estonia’s economic policy. Estonia is an e-country with a favourable business climate and cost advantages that is also open to growth.

 

Good Location:

Estonia is accessible, both from a logistical and social point of view - Tallinn is within 3 hours flight from major European capitals and the power distance is very low. Also, as a front-runner is applying modern IT solutions, communications technology makes distances in Estonia irrelevant. As a border state of the European Union, we also have a highly developed logistic infrastructure that successfully enables to move goods, knowledge and people on the eastern-western direction.

 

Good Business Environment:

Extensively favorable business environment makes Estonia an excellent base for doing business. International organisations like World Bank, World Economic Forum, The Heritage Foundation and others have acknowledged Estonian economy as very open and competitive.

  • 11th in Index of Economic Freedom 2014 - Wall Street Journal/The Heritage Foundation
  • 22nd in Ease of Doing Business Report 2014 - World Bank
  • 32nd in Global Competitiveness Report 2014 - World Economic Forum
  • 28th in Corruption Perceptions Index 2013 - Transparency International
  • 7th in the world for e-security 2011 - IMD World Competitiveness Yearbook

Estonia has some of the highest international credit ratings in the region. Standard & Poor: AA-; Moody's: A1; Fitch IBCA: A+.

 

Liberal Economy Policy:

Estonia´s government debt is among the lowest in Europe and the economy has shown considerable economic growth since joining the European Union and NATO in 2004. The Estonian cost level is gradually converging with the surrounding European Union, but still there are meaningful differences. Estonian taxes are low and simple, and labour costs are third of those in Sweden or Finland. The tax system is easy to understand with a flat income tax rate of 20% and tax-free reinvested corporate profit. The system of VAT (set at 20%) is in harmony with EU requirements.

 

Best business partners:

Estonian companies are reliable partners, due to:

  • High quality products - Estonia is able to offer products and services from machinery to ICT.
  • Skilled workforce - Estonian companies staff is highly-qualified. Estonian have a good work ethic, they get things done.
  • Good price and quality ratio, flexible production quantities - Estonian companies will meet every buyer's needs and are capable producing low and also high volumes.
  • Scandinavian business culture - The business culture is very similar to that found in the Nordics, with a focus on meeting deadlines and delivering results.
  • Eurozone membership - Estonia, a European Union member state since 2004, has harnessed a free market and pro-business economic environment since the year of its re-independence.

 

Extensively favorable business environment makes Estonia an excellent base for doing business. Trading with Estonia is easy!