Estonia: fintech unicorn Transferwise shortens name

Estonian fintech unicorn firm Transferwise has shortened its name to Wise, the company has announced. The name change resulted from the company’s growth beyond its original incarnation as a secure money transfer platform, branching out into international banking and other services, the company says. “For generations, banks have been defined by borders,” co-founder and CEO…



Estonia: unemployment up in 2020

Unemployment rose 16,000 to 47,900, or by 6.8%, between 2019 and 2020, state agency Statistics Estonia reported, with short-term (less than half a year unemployed) joblessness making up the bulk of that figure. Labor force participation rate stood at 71.6%, while the employment rate was 66.7%. Katriin Polluaar, analyst at Statistics Estonia, said the majority…