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Ratas in Paldiski: This area has great potential to become an important industrial centre of the Baltic Sea region

28. August 2019 - 15:19

Paldiski, 28 August 2019 – Today, Prime Minister Jüri Ratas participated in the investment conference “Teistmoodi Paldiski” (“Different Paldiski”). According to Ratas, the challenges Paldiski is facing are in many ways similar to those the rest of Estonia as well as the rest of the world is tackling, but the area has got good prospects to become an important industrial centre in the region.


“Paldiski has got a favourable location, good connectivity, and all of the prerequisites for successful business. This is why several of our most successful enterprises in the fields of energy, transport, and industry are already operating here,” the prime minister said. “In light of the crucial climate-related discussions that are becoming increasingly prevalent, Paldiski’s wind energy project is among those to be commended, as it is important not only for the local economy, but also in terms of the future of electricity production in Estonia as a whole.”


“In the future, we can focus more on efficiency, innovation, and new technologies, instead of raw materials and cheap labour. This helps us to stay competitive and continue to do so in the future,” Ratas explained. “Thanks to the favourable conditions in Paldiski, this region has the potential to become an important industrial centre, distinguished by its competitiveness, high level of technological advancement, environmentally friendly entrepreneurship, and a comfortable living environment,” the prime minister said.


According to Ratas, the government must continue to support business and businessmen in Paldiski. “We will do this by continuing to develop our stable and convenient business environment, for example by improving our e-government solutions, offering entrepreneurship incentives, or by participating in the activities of Eesti Energia or Port of Tallinn as one of the owners.”


The conference “Teistmoodi Paldiski” brought together investors from Finland, Norway, and Sweden, as well as various experts, state officials, and local government officials. As for other members of the government, Minister of Economic Affairs and Infrastructure Taavi Aas and Minister of Foreign Trade and Information Technology Kert Kingo also took part in the conference.


Photographs of the conference: Raigo Pajula

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