Estonia's tech investors take defence into their own hands as Russian threat looms

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PRAGUE : Estonia, a Baltic country of 1.4 million people that has long punched far above its weight in the tech sector, is now leading central and eastern Europe's rush to fund defence projects spurred by Russia's 2022 invasion of Ukraine.

The Czechs have launched a programme to co-finance small enterprises in the sector to spur its development, Radka Konderlova, the defence ministry official in charge of cooperation with industry, told Reuters.

While heightened security concerns have boosted defence investment across Europe, nowhere is Russia's threat perceived so acutely as in Estonia and its Baltic neighbours, which border Russia and spent decades under Moscow's rule during the Soviet Union era.

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Article Details

Category: EconomyBusiness

Markets: SingaporeEstoniaPolandUkraine

Topics: 2022 Million Startups Eastern Sector Reuters Funding Defence Europe Told Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 14:12:57 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 934 words

Reading Time: 6 minutes read

Sentences: 35 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26312920

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