Estonia’s maritime sector ranks 100th globally, according to a recent economic analysis. The study, conducted by Menor Economics at the request of Estonia’s Ministry of Economic Affairs and Communications, assesses the country’s competitiveness as a maritime center. The ranking reflects Estonia’s efforts to increase the number of ships registered under the national flag and develop the broader maritime industry. However, the report identifies areas for improvement, including enhancing the competitive advantage of shipping and attracting maritime companies with an attractive tax system. Deputy Minister of Economic Affairs and Communications, Kaupo Läänerand, highlighted the importance of developing a stronger maritime cluster and improving cooperation within the sector. He noted a need for increased legal services and specialized banking support tailored to maritime companies. The analysis suggests leveraging Estonia’s strong IT sector to develop maritime technology, particularly in areas such as digitalization, unmanned shipping, and green technology for emissions reduction. Investment in maritime research and development, alongside enhanced collaboration with universities, is also recommended to maintain the industry’s competitiveness. The study compared Estonia’s maritime performance against 25 global indicators, accounting for geographic factors to ensure a fair assessment of the estonia’s maritime potential. Topics: #estonia #maritime #among Post navigation The five wind turbines of the Purtse wind power plant have delivered the first electricity to the grid Sweden asks Hungary to explain its delay in voting on NATO