Weekly Press Review | e-Residency delivering impact to Estonian economy

e-Residency delivering impact to Estonian economy

e-Residency Managing Director Ott Vatter disclosed to Forbes.com this week that the direct impact of the e-Residency programme for the Estonian economy is 14 million euros.

“It is profitable as a programme, but the indirect value that the programme creates (people discovering Estonia as a travel destination, investing in the country, etc.) is much more significant for Estonia,” explained Mr. Vatter.

He emphasized that e-Residency 2.0 would go further to be a true forerunner in drive towards digital transformation, enabling to operate location-independent enterprises 100% online.

This article was originally published in Forbes.com. Read the full article here.


Reporting 3.0 project to lessen administrative burden and speed up data exchange in Estonia

Statistics Estonia, software firm Skriining, and Ida-Viru county central hospital have collaborated to automate data transmission between organizations.

Through the project called Reporting 3.0, Ida-Viru hospital was able to send wages data to Statistics Estonia, saving significant time and money often spent in performing administrative tasks.

Ida-Viru hospital chief accountant Urve Ojamaa expressed her satifaction about the new system. “The first user experience is very positive, and our first prognosis means we could save as much as 15 accountant’s work days, via this automation.”

This article was originally published in ERR.ee. Read the full article here.


Portugal and Estonia to exchange e-prescriptions

The Baltic Times reported that the Minister of Entrepreneurship and IT Rene Tammist and Portugal’s Health Minister Marta Temido have signed an agreement to start exchanging e-prescriptions by the end of 2019.

The two countries also agreed to share experiences in e-health and explore possibilities for further cooperation.

Last year, Estonian pharmacies already began accepting e-prescriptions from Finland while Finnish counterparts will do likewise in the second half of this year.

The ultimate goal is to get e-prescriptions moving between all member states according to Mr. Tammist.

This article was originally published in The Baltic Times. Read the full article here.


Digital disruption from Estonia

Business and fintech news portal Bankingtech.com looked at some of the innovations in Estonia that could serve as vital instruments in creating “economically vibrant and dynamic society.”

Anton Churyumov, founder of startup company Obyte, observed how e-ID allows citizens to seamlessly interact with the government purely on the internet, like sign contracts, file taxes etc.

An e-ID holder himself, in the form of e-Residency, Mr. Churyumov cited the huge benefit of government-issued digital identities for companies who want to do business in EU.

“The e-Residency programme has enabled digital entrepreneurs from other countries to apply for the same digital identity and e-government services as Estonian residents.”

This article was originally published in Bankingtech.com. Read the full article here.


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