Maardu town in wondrous water deal with casino investor
Known and shareholder in Olympic Entertainment Group, Charlie Viikberg sells assets of water company threatened by bankruptcy to the city of Maardu for a sum critics say exceeds value thereof nearly ten times.
08.08.2016, Andres ReimerPM
What went wrong with Estonian Air? Everything
All four strategies for saving Estonian Air from bankruptcy burned taxpayer money as they contradicted each other and nobody ever analysed their results, says National Audit office report.
25.05.2016, Helen MihelsonPM
National Audit Office: government pumped money into Estonian Air hurriedly and superficially
National Audit Office says the European Commission decision regarding Estonian state having supported national airline AS Estonian Air with €84.9m in violation of EU rules could have been avoided, had the government followed the principles of State Assets Act and asked if giving money and loans to Estonian Air was purposeful, expedient, economical and lawful.
24.05.2016, Liis KängseppPM
State ponders purchase of big church building in Narva
Yesterday, bankruptcy committee for Narva Alexsander's congregation decided to cancel auction of the church building as, among others, asked for by interior ministry considering its purchase for the state.
06.05.2016, Tiina KaukverePM
By the hundreds, tax debtors go to mass grave via Panama
The grand-named Panamanian company Transatlantic International Brokers Corp owns 168 firms says Estonian commercial register, all under liquidation with help by Raul Pint and his business partner Andrus Räppo. Nearly all owe taxes to Estonian state, some more and some less – but put together the arrears arise above a million euros.
22.04.2016, Joosep VärkPM
He worked for years at other end of Estonia. Never knew it
Leonid Mihhailov used to work at a car repair shop, as self employed person and paying all his due taxes, writes Den za Dnyom. In 2014, he broke his leg and was on sick leave for two months. Having no income and thus unable to send in the tax money, he opted to give up current job.
04.04.2016, Margus MihkelsPM
Estonian aviation regulator suspends Avies' license
The Estonian Civil Aviation Administration has suspended the air operator's certificate (AOC) of the bankrupt carrier Avies operating flights from Tallinn to Kuressaare, Kardla and Stockholm, as a result of which the carrier is not allowed to provide aviation services until the shortcomings have been eliminated.
Estonia not to appeal negative decision re Estonian Air state aid
The Estonian government decided on Monday not to appeal against the European Commission's decision regarding state aid provided to the national carrier Estonian Air.
First plane of Nordic Aviation Group to take off in January
Estonian airline Nordic Aviation Group is to start operating its first flights with the company's own airplane in January with its own Estonian-speaking crew.
Former Estonian Air employees receive redundancy benefits worth EUR 607,000
The Estonian Unemployment Insurance Fund has paid out 607,000 euros worth of redundancy benefits to 129 former employees of Estonian Air.
The Estonian Air Judgement expected this Saturday
European competition authority decision regarding state aid to Estonian Air is coming this week, several sources assure Postimees.
06.11.2015, Kadri HansaluPM
In Estonia, a debtor lives the good life
Estonia is turning into a paradise for indebted private persons. It is mainly the «minnows» who toil to pay back debts over here, like those stupid enough to draw fast loans. Whoever owes a lot is sailing towards expiry of obligations or debt cancellation as allowed by law.
30.10.2015, Oliver KundPM
Truck driver applies brakes on debt payment
Bankrupt as a private person, Väino Pentus is setting a new standard in poor debt payment: during three years, less than 100 euros i.e. below €3 a month has been returned of the total of €800,000 outstanding.
26.10.2015, Risto BerendsonPM
Reasons why Ms and Mr Rosimannus were spared from scrutiny
Postimees delved deep into reasons why outwardly vital criminal investigations were omitted in Autorollo bankruptcy case such as link the incident to top politicians at Reform Party.
21.10.2015, Risto BerendsonPM
Editorial: building business in the land
For the first time ever, Estonia today hoists flags to celebrate Entrepreneur Day. If in a company or agency here and there they cut a cake, fine. Even so, don't let it be time wasted on hollow oratory. Better be thinking of the business culture as its currently stands, the economy as a whole, boosting the state/entrepreneur dialogue.
Hearing of Autorollo case postponed until Sept 10
The hearing of the criminal case of Vaino Pentus and Siim Roode in connection with the insolvency of the Estonian road haulage company OU Autorollo was supposed to start in the Harju county court on Tuesday but was postponed until Sept. 10.
Editorial: the brittle edge-of-knife deal
When asked by Postimees to sum up 2009 (our toughest in recent history), the twice prime minister Mart Laar stressed this: «IMF control and Latvian path avoided.»
Editorial: see you in four months … or sooner
To a bystander, Greece and the so-called troika – European Commission, European Central Bank and IMF – long look like the cacophonic quartet from a parable by Ivan Krylov. Which, as we know, ended in the morale: change the seating if you like, the sound gets no nicer.
Inmates of Estonia go bust, en masse
Following a Supreme Court judgement, hordes of prisoners have started filing for bankruptcy – costs of the proceedings vexing frustrated trustees.
17.02.2014, Kadri Inselberg