I have been appointed as a judge for the international Web Awards 2008 and would urge Estonian agencies to consider submitting entries.

What makes the WebAward Competition special?

The organiser Web Marketing Association was founded in 1997 to help set a high standard for Internet marketing and development of the best websites on the World Wide Web.
Staffed by volunteers, this organization is made up of Internet marketing, online advertising, PR, and top web site design professionals who share an interest in improving the quality of online advertising, internet marketing, and website promotion.

The Web Marketing Association is the producer of the WebAward Competition.
Now in its 12th year, the WebAwards is the premier annual website award competition that names the best Web sites in 96 industries while setting the standard of excellence for all website development.

You can submit entries here.
It costs 195 US$ per entry and other FAQ are answered here

PS Here’s the WMA blog and they also run an Internet Advertising Award