OREANDA-NEWS. March 16, 2012. More and more foreign companies are discovering Estonia as a provider of share services functions, writes Aripaev.

So far foreign companies have transferred to Estonia mainly production jobs because of cheaper prices, but now also whitecollar jobs are moving to Estonia, with one IT company going to to move its backoffice operations to Estonia later this year.

When choosing a location for its financial centre for shared services, Estonia was on top of the list for the Finnish manufacturer of lifting equipment Konecranes.

„We found that Konecranes as a Finnish company and Estonians were culturally a match,” explained Peter Klingebiel, head of the company’s financial support service centre.

„Estonians are well qualified and there is potential for cost-saving,” he added.