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# Video: Invest in Estonia, 1993
- URL: https://www.taivo.ai/invest-in-estonia-1993/
- Published: 2021-07-01T09:18:52.000Z
- Updated: 2021-07-01T09:19:06.000Z
- Author: Taivo Pungas
- Tags: Everything else, Talks & videos

This is a hidden gem: Estonia's pitch as a startup country, almost 30 years ago. As far as I know, it hasn't been on the Internet yet.

This video (and an accompanying paper publication) was distributed in 1993 by the Estonian Privatisation Agency to invite foreign investors to Estonia.

A few highlights:

- "Estonia has in a single year succeeded in reducing inflation from 20% a month to 3% a month". Not a year, a MONTH.
- Using Deutsche Mark to denote monetary quantities.
- Appearance from Siim Kallas (then President of the Bank of Estonia).
- Slow-mo shots of 500 EEK bills being counted.

My father was part of the team that put this together and recently rediscovered the VHS tucked away somewhere deep in a closet. I couldn't not share it. It's amazing to see the startup roots of Estonia go back so far, and what a long way we've come.