Magnetic MRO awarded “Company of the Year” and “Exporter of the Year” titles

On October 5th 2017, Estonia’s best companies were recognised at the Best Estonian Enterprises 2017 award ceremony. Magnetic MRO was presented with the Company of the Year award.

The Company of the Year was selected from the Entrepreneurship Award 2017 winners and the best companies from the Estonian Chamber of Commerce and Industry Competitiveness Ranking.  According to Alo Ivask, Chairman of the Board of Enterprise Estonia, successful companies play an important role in the economy of a country and the prosperity of a society. “Therefore, we consider it very important to recognize them with the entrepreneurship award, which is also an expression of respect for all entrepreneurs,” emphasised Ivask. “Company of the Year, Magnetic MRO is also an important exporter that has reached 37 countries,” he added.

“The Company of the Year award goes to our hardworking and dedicated employees. They are the highest value and wealth we have.” says Magnetic MRO CEO Risto Mäeots. “I’d like to thank everybody in Magnetic MRO family for their commitment and progressive mindsets. These awards showed everyone that we have a very professional and visionary team working all around the world.”

“We recognize the best companies with awards and on the other hand, we express our respect for all entrepreneurs and entrepreneurial people, regardless of their field or the extent of their business,” the head of Estonian Chamber of Commerce and Industry, Toomas Luman said. “By recognizing the companies we want to highlight their contribution to the society, so that that entrepreneurship would be more highly valued and recognised. We will continue to do so in the future,” Luman confirmed.

“The Estonian economic development, which is driven by entrepreneurs, faces many challenges, for example, the declining population and the stifling of business with regulations. The more important are the recognition of entrepreneurs who, despite difficult circumstances, continue to contribute to the improvement of the welfare of Estonia and pay taxes. The Estonian Employers’ Confederation is thankful for all the companies that have participated in the entrepreneurship award competition and, of course, congratulates the winners,” said the Chairman of the Estonian Employers’ Confederation Council Tiit Kuuli.

Winners of the Entrepreneurship Award 2017 by Enterprise Estonia:

Innovator of the year: Testlio

Regional business of the year: Incap Electronics Estonia

Exporter of the year: Magnetic MRO

Responsible company of the year: Rimi Eesti Food

Foreign investor of the year: Toftan

Chamber of Commerce and Industry’s most competitive companies 2017:

Among micro, small, medium companies: Hekotek

Among large companies: Tallink Grupp

Press Release on EAS Website