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Estonian managers optimistic about the future, survey says

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Estonian entrepreneurs are more optimistic about their future compared to their colleagues in Latvia, Lithuania and other countries, according to a survey conducted by Grant Thornton International, one of the world's leading independent assurance, tax and advisory firms.

The survey, conducted in the last quarter of 2012, showed that 18% of Estonian managers believe that the economy will improve. In the Baltics in total, only 7% of managers expect that the local economy is improving. Of the respondents, 26% plan to hire more staff this year, compared to the global figure of 22% and European Union average of 7%.

More than half or 54% believe that they are able to grow their turnover this year, while the average in the Baltics is 36% and the global average is 45%.

Estonian company managers are also more optimistic about profit growth — an increase of profits is expected by half of respondents, while the Baltic average is 29% and the European Union average is 19%.

Source: Kuul M. (2013).  Raport: Eesti ettevõtjad on tuleviku suhtes optimistlikud. ERR uudised, 24. veebruar.