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Agreements
Economic RelationsTradeAfter accession to the EU, the import is calculated on the basis of the sending country, earlier this was based on the country of origin. Commodity exhange between Estonia and Luxembourg is relatively restricted. The mutual visits of business delegations have taken place regularly (1999, 2003, 2005), but trade between Estonia and Luxembourg is modest. Total trade turnover with Luxembourg in 2009 was 8.3 million EUR. The trade balance was strongly in deficit -7.3 million EUR. On the basis of total turnover, Luxembourg ranked as Estonia’s 54th trade partner. Estonian exports to Luxembourg in 2009 totalled 0.5 million EUR and imports from Luxembourg totalled 7.8 million EUR. In the ranking of export partners Luxembourg was in 84th place and among import partners it was in 38th place (0.1% of total imports). Main export articles in 2009:
Main import articles in 2009:
All economic figures originate from the Ministry of Economic Affairs and Communications InvestmentsAccording to Bank of Estonia data, as of 31 December 2009 Luxembourg had made direct investments in Estonia in the value of 19 million EUR. This made up 1.68% of total foreign direct investments. Luxembourg ranked 10th among direct investors. The investments were made primarily in real estate rental and business activity (61%), financial intermediation (22%), the agricultural industry (6%), and the rest in wholesale and retail trade and the transportation and communication sector. As of the same date, Estonian direct investments in Luxembourg totalled 5.2 million EUR, primarily in the financial sectors. CultureCultural relations between Estonia and Luxembourg are developing. Within last years, concerts have been given in Luxembourg by Villu Veski and Tiit Kalluste together with the Argentinean Pipi Piazolla, Vox Clamantis and Olav Ehala, Andres Mustonen and Ivo Sillamaa. Christmas concerts have been arranged and Aldo Järvsoo’s and Tanel Veenre’s creative works in the field of fashion demonstrated. The Luxembourgish have also had an opportunity to watch Priit Pärn’s animations and Liina Siib’s poster art works. In May 2006, Luxembourg Philharmonic Orchestra was at a concert tour in Estonia. The documentary film “The Singing Revolution”, about Estonia regaining its independence, has been screened in Luxembourg. Concerts have been given by the Maria Faust Ensemble (in the Sang&Klang Hall in April 2009), Jaak Sooäär on guitar and Tuule Kann on zither (kannel) (November 2009), and many others. In August 2009 the Pascal Schumacher Quartet from Luxembourg performed at the Nargen Festival in Estonia; in December the film ”A Town Named Panic”, created in co-operation by Luxembourg, Belgium and France, was shown during the Black Nights Film Festival. The 92nd anniversary of the Republic of Estonia was celebrated in Luxembourg on 26 February 2010 in the restaurant of the Jean Monnet building (JMO) in Kirchberg, complete with the dance troupe “Känd ja käbid”. In March an exhibit of the paintings of Tiina Laan-Dondelinger, an Estonian artist living in Luxembourg, was opened in the Estonian Embassy in Brussels. Estonians in LuxembourgThere live about 300 Estonians in Luxembourg; the majority of them work in the EU institutions. The Luxembourgish Estonian Society (LES) arranges numerous joint events. Also a home page for the Luxemburgish Estonians has been created at www.les.lu. |
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