Commerce sees future in Ida-Viru
Even though it is widely known Ida-Viru County is one of the fastest-emptying areas in Estonia, that fact does not seem to bother owners of shopping centers and traders looking for space in the latter.
05.04.2017, Siiri LiivaPM
Agency apologizes to early pensioners
The social insurance board has changed its decision and apologizes to pensioners after it threatened to deprive board members of pension.
22.02.2017, Tiina KaukverePM
Tootsi wind farm to become Estonian Air vol. 2
The government's decision to hand the Tootsi wind farm over to national energy company Eesti Energia has resulted in an appeal to the European Commission by a number of wind energy companies that demand the decision to be overturned.
18.01.2017, Siiri LiivaPM
Party members less than generous
Estonian parliament parties received fewer donations than usually in post-election 2016 for a total of €1.2 million.
13.01.2017, Karin KangroPM
Billion-euro timber industry project seems a fantasy
A group of timber industry investors, led by Aadu Polli and Margus Kohava, presented a plan for a billion-euro wood processing plant and refinery to boost the country's GDP yesterday.
11.01.2017, Kristi MalmbergPM
Change of course might have been result of lobbying
The idea to abruptly hike the third child benefit to curb population decrease appeared in the Reform Party's program virtually overnight in December of 2014. Some politicians now admit they knew the decision might bring a donation.
11.01.2017, Oliver KundPM
Businessmen make huge donation in exchange for decisions
A precedent was born in Estonian party financing immediately before the new year when eight businessmen donated a total of €800,000 to political parties. The donors say the money comes as thanks for long-awaited decisions in addressing the country's low birthrate.
10.01.2017, Oliver KundPM
IRL pockets biggest party donations in second quarter
According to data filed to watchdog, IRL led the pack in political party donation in second quarter with €23,165, trailed by Sod Dems at €16,617 donated, Reform (€10,622), the Free (€3,135) and EKRE (€2,849). Centre Party is yet to send in the data.
12.07.2016, Karin KangroPM
Entrepreneurs unsupportive of proposal by Vähi
Responding to call by former prime minister Tiit Vähi to improve (business) relations with Russia, entrepreneurs showed understanding while, unlike the Poet of Sillamäe owner, they support troops of NATO in Estonia.
05.07.2016, Andres Reimer, RiiaPM
Ministry misses mark with its energy crisis talk
Entrepreneurs reject economy ministry notion of production units switching themselves off should energy crisis hit as local electricity production is eradicated.
09.06.2016, Andres Reimer, RiiaPM
So an Estonian enterprise up and establishes headquarters on Mauritius
Barely a day after innovation minister from faraway Mauritius challenged Estonian enterprises to come let's take African IT market together, the first firm decides to place its regional headquarters on the tiny island.
03.06.2016, Aivar PauPM
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
At long last: conceptual design for more lenient taxation of company cars completed
Finance minister Sven Sester (IRL) has handed the government a concept for company car tax, binning the much-hated «trip diaries» and making private use of weaker-than-average vehicles significantly cheaper.
18.04.2016, Andres Reimer, RiiaPM
Iran is interested in Estonia
The first ever Estonian politician to officially visit Iran, foreign minister Marina Kaljurand was soon to experience a plague of the exhaust-smoky Tehran streets called traffic jam.
11.04.2016, Kadri VeermäePM
Seven Estonian clients involved in Panama leak
The files leaked from the Panamanian law firm Mossack Fonseca show the company had seven clients from Estonia, it appears from the data published by The Irish Times.
Editorial: fighting? Seek to agree
The truck transport tussle is worthy or broader public attention. The law says carriers adhere not to rules. Truckers smell persecution. Feels like the nation needs to interfere.
Tiit Kuuli: state's best security guarantee is economic wellbeing
During his long career, construction company Oma Ehitaja chairman Tiit Kuuli has not been in media too often but now the post presents a responsibility. He remains modest however and says that in a representative body with 15 professional associations and 15 top managers featured, the role of an individual must not be exaggerated.
07.03.2016, Kadri HansaluPM
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.
Crocodiles set to get teeth into red tape
Pulled by economy and communications ministry, the state and business bodies are again about to cut bureaucracy i.e. reporting burden of entrepreneurs. Businessmen recall this has been attempted before with nothing much achieved. Now, it is vice chancellor Taavi Kotka at helm of the initiative - a man already in limelight by kicking off big projects like e-residence. Will he really be able to break the bureaucratic machine?
11.09.2015, Kadri HansaluPM
Ministries swell with fresh vigour
Analysis by Chamber of Commerce and Industry says Estonia's public officialdom is resistant to thinning and if the numbers do come down at all, then on account of police patrols and firefighters. Meanwhile, the ministries keep on ballooning.
07.09.2015, Nils NiitraPM
Editorial: economy in Russia – confiscation guaranteed
For the ordinary Russian, economic reality is sad and the sadness is to deepen soon. As the poverty increases, food coupons are the serious talk of the day, and some go as far as to predict hunger, the authorities react in ways pointing back to communist era and - truth be told - before the latter ever came to power.
Anna-Maria Galojan räägib rahvusvahelisel ettevõtjate suvepäevadel sellest, kuidas ta süütuna vanglakaristust kandis
Facebookis on liikvele läinud postitus, milles kiidetakse Anna-Maria Galojani vapruse eest ja peetakse teda süütuks.
Editorial: tax bill to spice up vacation
Tax inspection talk is sensitive, any time. By recent no-confidence vote, the new government has added a dimension or two. Add to this the midsummer tax board announcement of boosted intrusion bill.
Taxman eyes entry into property
Finance ministry is pushing a Taxation Act granting Tax and Customs Board (MTA) added powers to probe into infringements - to the dismay of professional associations.
21.07.2015, Anette ParkseppPM
Editorial: the all-things-possible Estonia
Yesterday, Estonia’s Friends International Meeting kicked into gear again – a tradition to thank the entrepreneurs, politicians and cultural figures convening from world over, people in various ways meaningful to Estonia. The event carrying a double benefit, for us: whatever is well here, we soon will take for granted. Through kind-hearted onlooker eyes, things get back into perspective.
Company car tax system repair required
The new value-added tax system applied to company cars last December failed to yield desired results – instead of the €47m expected, mere six million euros have been harvested at half year mark.
10.06.2015, Kadri HansaluPM
«Social experiment» at pricey public procurement
As reported by Äripäev last Wednesday, Estonia’s largest software developer Nortal tricked Road Administration into awarding it a near €6.3m IT-procurement. Yesterday, its CEO Priit Alamäe claimed it was a social experiment from the start.
27.05.2015, Kadri HansaluPM
Editorial: silence – not always golden
The folks ferried between mainland and Saaremaa feel worried: in summer, the queues are a bother as things stand but ship swap by Saaremaa Laevakompanii may stretch them longer still – yet, the main hero keeps mum. On the one hand, people are justified in expecting information regarding plans of a company providing public services. On the other, entrepreneurs have their business interests to consider. And as the move is allowed by contracts, who could find fault with the entrepreneur.
Enterprise Estonia again faced with reshuffle
Caught in the whirlwind of promises uttered by fresh governmental coalition, the foundation Enterprise Estonia (EAS) is rearranging both structure of organisation and administration. Starting June 1st, 16 posts will be cut – five percent of staff thus thinned out. On top of that, many a minister has set his sight on the very EAS to cover costs or fulfil personal ambitions. As we remember, it was as recently as last November that EAS confirmed the principles of granting benefits.
29.04.2015, Kadri HansaluPM
Estonian entrepreneur invited to Moscow
Seated in front row at a forum in Ritz Carlton, Moscow, the eyes of Enn Veskimägi beheld Vladimir Putin send Estonia-Russia border treaty to parliament and call upon Russian businessmen to bring money to home from abroad.
27.03.2015, Andres Reimer, RiiaPM
Entrepreneurs increasingly eager to challenge public procurements
Last year, entrepreneurs contested public procurements, vital for their income, by a fifth more than in 2013 – resembling the explosive growth of challenges during financial crisis.
24.03.2015, Andres Reimer, RiiaPM
Estonian enterprises lose out to Baltic competitors by faulty policy
Lithuania used EU funds to launch an industrial equipment updating programme of about €1bn. Meanwhile, corresponding Estonian measures as established under previous coalition, amount to €0.
16.03.2015, Andres Reimer, RiiaPM
Taxman had enough
By businessmen and politicians alike, warm words were said regarding the Tax Board chief Marek Helm who dramatically quit his post yesterday. Meanwhile, interpretations vary.
27.02.2015, Andres Reimer, RiiaPM
Feels like farmers have perhaps survived
Pan-Estonian survey shows farmers grew desperate during the winter but now, with spring in the air, milk seems to sell again.
26.02.2015, Andres Reimer, RiiaPM
Passenger trains carry financial relief to transit business
Come next year, passenger train firms will be paying Estonian Railways quadruple the current infrastructure fee. To keep ticket prices in check, the added money comes from national budget.
28.01.2015, Andres Reimer, RiiaPM
Impact of Russian crisis on Estonian businesses smaller than anticipated - Swedbank
The impact on Estonian businesses of the fall in the exchange rate of the Russian ruble and the sanctions imposed on Russia has been smaller than anticipated, it appears from an analysis by Swedbank.
Business flabbergasted by Anvelt reform action
Justice minister Andres Anvelt gave entrepreneurs two weeks to solve a bulky legal problem behind which the latter smell a will to rewrite the entire Commercial Code – their faithful servant for two decades.
01.12.2014, Andres Reimer, RiiaPM
Lawyer Juri Raidla chosen Entrepreneur of the Year
This year's title of Entrepreneur of the Year went to Juri Raidla, senior partner at the law firm Raidla Lejins & Norcous, and the life achievement award, to Enn Meri, head of the Saaremaa Island-based producer of rubber sealings for the automotive industry.
Estonian Air again eager to spread wings
Flagship is gearing up to entertain passengers. Water will flow without cost and what’s more: we smell free coffee and candy.
13.11.2014, Kadri HansaluPM
Finmin: Estonia should be happy with economic growth number in current environment
Estonia's economic growth could be stronger but taking into account the economic environment the country should be happy with the present growth, Estonia's new Finance Minister Maris Lauri said.
Savisaar to wage war on sales of spirits
Tallinn health coalition headed by Mayor of Tallinn Edgar Savisaar has tasked Tallinn city government headed by Edgar Savisaar with substantially restricting availability of alcohol in Tallinn.
23.10.2014, Uwe GnadenteichPM
Editorial: Welcome to e-Estonia!
Yesterday, the much-talked-about e-resident bill, aimed at providing foreigners with Estonian ID-cards, passed the Riigikogu with flying colours – 80 for and none against.
Estonia, Moldova could boost trade with dairy products, wine-
The Estonian and Moldovan agriculture ministers came at a meeting in Moldova to the conclusion that bilateral trade could be increased by selling Estonian dairy products in Moldova and Moldovan wine in Estonia.
Keyword: common digital market
No argument whatsoever against directing public services into Internet, said Andrus Ansip – candidate for European Commission vice president over common digital market, in opening statement to grilling before MEPs last night in Brussels. Mr Ansip vowed to do all in his power to link public services all across Europe.
07.10.2014, News.postimees.ee / BNSPM
Tensions building between business and the state
When, this past spring, a bunch of amendments nasty towards businesses were pushed through in Riigikogu, it initially appeared that peace was unbroken. Turns out, the fire was just smouldering beneath ashes.
26.09.2014, Kadri HansaluPM
Blanket booze biz ban from 3 am?
Bars blasting with partying – Friday nights straight through to Early hours of Mondays – have forced the town of Võru to seek ways of curbing night-time sale of alcohol.
21.08.2014, Tuuli KochPM
Increase of environmental fee feared to fell oil shale industry
Environmental ministry is hatching a rise in fees which, according to experts, will spell the death of oil shale industry development.
19.08.2014, Andres Reimer, RiiaPM
Minister calls on bankers and traders to help producers
Banks and retail chains ready to extend helping hands towards Estonian farmers and food producers plagued by Russian sanctions.
13.08.2014, Andres Reimer, RiiaPM
Blanket ban a cold shower for Estonian producers
Yesterday morning, as requested by president Vladimir Putin, Russian prime minister Dmitri Medvedev imposed import ban on Western beef, pork, fruits and vegetables, poultry, fish, milk and milk products.
08.08.2014, Kadri HansaluPM
Editorial: don’t look down on the disabled worker
On economy pages of Postimees today, hope-inspiring examples are provided of people with special needs coping in real life as hired by cleaning company ISS Eesti and Seve the builder.
Meat plants bemoan the EU haste
Pretty soon, new requirements will enter into force regarding food product labelling, some of which irk the companies. For instance, meat producers are unwilling to show content of water near name of products.
30.07.2014, Triin ÄrmPM
Farmers furious at requirement to register all hands
July saw entry into force of Tax Board decision prescribing that entrepreneurs register all their workers. Among others, seasonal labour force, one-day-helpers and free-will «bees» must all be entered.
18.07.2014, Kaspar JõgevaPM
Sulling sees Enterprise Estonia overhaul as greatest feat
Minister Anne Sulling does not think it bad for competition to arise regarding labour force: economy must adjust to resources, not vice versa.
09.07.2014, Kadri InselbergPM
Editorial: look further than a few years
Work capacity reform, the new coalition’s initial bone of contention, should not be rushed with. The practical aspects ought to be thoroughly considered. Let’s not forget, also, that regionally the conditions for getting to work – public transport, jobs on offer, willingness and ability of local governments – greatly vary. Overlooking such small yet vital details, the reform cannot be of expected benefit.
Businessmen pull mega wool over banker eyes
In October 2006 SEB entered a good deal, or so it seemed. The bank agreed to lend €18.5m (290 million Estonian kroons) so real estate developers could erect a nice business and parking building in Tallinn city centre.
22.05.2014, Risto BerensonPM
Ilves announces new tax rules
Yesterday, President Toomas Hendrik Ilves opted to proclaim Value Added Tax Act Amendment Act, the last version of which he vetoed last December. Riigikogu ratified the amendment on May 7th.
21.05.2014, Liina ValdrePM
€1,000 deal law approved, again
By 45 yes votes, Riigikogu again approved the Value Added Tax Act Amendment bill pursuant to which transactions over and above €1,000 would need to be declared. At the end of last year, the President refused to proclaim this very act.
08.05.2014, Liina ValdrePM
Last large cargo ship exits Estonian flag
Kurkse, a break bulk container carrier owned by Estonian Shipping Company Ltd, was deleted from ship register in February. Its «sister» Kalana’s turn came on April 16th. «No bona fide cargo ships left under the Estonian flag,» noted Tarmo Ots, department head at Maritime Administration.
30.04.2014, Andres Reimer, RiiaPM
Building procurements to get tougher
By toughening up building procurement participation requirements, the state hopes for about eight extra millions in its coffers.
22.04.2014, Liina ValdrePM
Bus firm to build battle wheels
By winning repair procurement for Defence Forces’ SISU armoured vehicles last year, bus company Sebe got a boost so powerful as to start building new military machines of its own.
11.04.2014, Andres Reimer, RiiaPM
Growth limited to Tallinn, Tartu and Maardu
By 2040, Estonia will have five less cities with over 10,000 inhabitants.
09.04.2014, Tiina KaukverePM
Entrepreneurs of Estonia: vaccinated by Russia, against Russia
Above all, Estonia sells food products into Russia, while mostly buying their gas and petroleum oil.
25.03.2014, Nils NiitraPM
Estonian entrepreneurs head for Ukraine to save business
Shrinking value of local currency sets question mark over solvency of Estonians’ partners in Ukraine.
04.03.2014, Andres Reimer, Riia