Mobile phones are used for almost everything in Estonia, including a public parking system now being adopted by local authorities around the world.

Estonia's dynamic business environment was able to catalyse several international successes, including Skype, the internet-based voice service.

The country is also doing better in the recession than many other countries. It has suffered a slump in property prices, as a consequence of the previous boom, and many people have lost money. But the wise are biding their time, waiting for the market to recover.

Estonia is a very small country, with around 1.5m people, and so does not represent a big market for the major players. However, the country's size also provides one important advantage - you can get things done.

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Perhaps this is why many successful entrepreneurs move to islands or small countries. They remember the tribal atmosphere of the early days of their start-up, and having status in this community can make things happen, if you know the right people.

If this is the case, then would you not prefer to be in a small country such as Estonia, where you can get things done, and make a real difference?

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