Drugs hidden in sculptures
Rokas Karpavicius made the bulk of his money from smuggling drugs to Australia and New Zealand. The substances were taken out of Lithuania in granite statues.
02.03.2017, Oliver KundPM
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
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
Savisaar hoped for money from Kremlin two years ago
All leading figures of the Center Party today have spent the last six years trying to distance themselves from the party's onerous cooperation protocol with United Russia, claimed to be ceremonial from the first.
07.12.2016, Tuuli KochPM
Exchange of counterfeit money results in major losses
Rainer Viljamaa stepped into the Aia street currency exchange office of Tavid in January of last year, carrying nearly 4.1 million Indian rupees – more precisely 4,096 thousand-rupee notes that he exchanged for close to 54,000 euros. Considering the fact that Tavid has seven offices in Estonia that only handle a single transaction involving rupees a day between them, it was not a common occurrence. Especially considering the sum.
26.10.2016, Joosep VärkE24
Finantsajakirjanikke ähvardab robotite pealetung
Automatiseeritud finantsuudiseid ja -teateid koostav idufirma Money.net palkas uusi infoteenuseid arendama meediaimpeeriumi Bloomberg endise tippjuhi Norman Pearlstine´i, kirjutab New York Times.
Health Insurance Fund in the red by €33m
Convening to review first half year report, Estonia's Health Insurance Fund (HIF) is facing a budget deficit of €33m. They will fill the hole from the approximately €114m reserves of HIF but if the system continues the future is bleak as the fund is predicted to run out of the money in 2020.
19.08.2016, Joosep VärkPM
Editorial: the lucrative Kremlin infowars funds
Disgustingly, the NKVD and KGB way of thinking is not a thing of the past with Kremlin.
Study: the elderly see no point in saving money
A third of Estonia's elderly are unable to set money aside from monthly income. And those who are, do so to cover everyday expenses, shows a Turu-uuringute AS study.
11.08.2016, Andres Reimer, RiiaPM
Editorial: inclination and ability
The population is aging and thus the influence of the elderly increases accordingly. Tellingly, a bank has ordered a study into their saving habits.
Finance minister seeking sponsorship austerity
Could state enterprises keep on handing out sponsorship cash as before? Should the practice be cancelled, or rules applied to it? In questions like these, deep debates are in store at government this fall.
29.07.2016, Anneli AmmasPM
Accountant gambles away EUR 1 mln clients' money
Investigators of the Estonian central criminal police's economic crime division detained on Monday an accountant suspected of embezzling more than one million euros of clients' money a large part of which she gambled away.
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 KangroElu
Galerii: Battle for Sugar tuline finaal
Märtsis alanud, 4 kuud kestnud MC Battle «Battle for Sugar» sai eile õhtul tulise ning emotsionaalse lõpu.
Maailma esimene painduv mobiil võib valmida juba tänavu (1)
Juba sel aastal võib ilmavalgust näha maailma esimene täiesti painduv mobiiltelefon, mille võib endale näiteks sarnaselt kellana ümber randme keerata.
30.05.2016, Aivar PauElu
Pildid: Amal Clooney sai staarihetke, kuid koperdas Cannes`i punasel vaibal
Eile õhtul sai Cannes`i filmifestivali punasel vaibal näha Hollywoodi superstaari George Clooneyt ja ta abikaasat, Liibanoni-Briti juurtega inimõigusadvokaati Amal Clooneyt, kes sai oma filmitähe hetke.
13.05.2016, Inna-Katrin HeinPM
Granny gives crook over €30,000
An elderly country woman in Ida-Viru County transferred €33,500 to a swindler she met over Internet, having borrowed it from relatives. Though those closest to her say it is an obvious case of fraud, police and prosecutor cannot do anything as she is not cooperating.
10.05.2016, Elizaveta Fomina
Kasulikud äpid aitavad raha säästa ka ettevõtlusega alustamiseks
"Kuhu kaob raha?" küsime endalt tihti, kui avastame end kuu lõpus kitsas olukorras või oleme seadnud eesmärgiks koguda raha näiteks ettevõtlusega alustamiseks või uue kodu soetamiseks, aga eesmärgini kuidagi ei jõua, kirjutab Hardi Keerutaja sinu moodi tehnoloogiaportaalis Digitark. "Säästmisnõustajad soovitavad esimese ülesandena märkida üles kõik tehtavad kulud, et tekiks hea ülevaade."
03.05.2016, Hardi KeerutajaPM
«State should be stricter with handing out budget money»
Praised by the fresh National Audit Office report for management of Police and Border Guard Board (PPA), its director-general Elmar Vaher (40) says that distribution of money from state budget should be preceded by pointedly asking recipients what they have done to cut costs.
28.04.2016, Risto BerendsonPM
Editorial: the police and budget of an ageing nation
For years, police and border guard have been under severe austerity. At some point homeland security may begin to go downhill, we are warned by Auditor General, police chief and a chancellor at interior ministry in Postimees today. Further belt tightening is out of the question.
Editorial: enraging equivocating engulfing education
As Private Schools Act amendment draft act reached Riigikogu last November, Postimees expressed hopes the costs debate would not descend into labeling and personal insults. Alas, not happening.
Estonian money mules made own bank cards
The bank card fraud did millions of dollars worth of damage to an US company. True, mere tens of thousands passed thru the Estonian hands and they were straw-men rather than authors of the scheme.
18.03.2016, Joosep VärkPM
Savisaar to be prosecuted in a couple of months
In addition to suspicions stated earlier, prosecutor's office suspects Centre chairman Edgar Savisaar has also accepted banned donations and done large-scale money laundering. As next step, the prosecutor's office is compiling statement of charges.
17.03.2016, Joosep VärkPM
Alimony avoiders hereby under pressure
Starting today, courts are authorized to take driving licence from individuals failing to pay alimony or suspend hunting, weapons and fishing permits.
500 euro «Bin Laden» to be binned
So most of us Estonians will never see the €500 note as European Central Bank is thinking to give it up seeing such a large part of its users are crooks.
18.02.2016, Tõnis OjaPM
The state to pay child support instead of evasive parent
Yesterday, social protection minister Margus Tsahkna (IRL) signed family benefit draft act pursuant to which the state shall support a child and teh parent raising it while subsistence support is debated in court as well as when court procedure is concluded and bailiff is trying to get the money from the evader.
16.02.2016, Madis VaikmaaPM
Estonia gives EUR 4.1 mln to help Syria refugees
Estonia will pay altogether 4.1 million euros through various channels over the next two years to help the people who have fled the civil war in Syria.
Editorial: pay the alimony or else…
For years on end we have been talking about the thousands of men and women failing to support their children. Meanwhile, even the people well of yet opting to let their children go without got off the hook easy.
Tough times descending upon deadbeat parents
When March comes around, Estonian law turns to be among the severest in Europe towards those avoiding payment of child support. The state hopes for a success story while bailiffs are skeptical. Hardened debtors threaten to leave the country if the pressure rises, there to then dwell as alimony refugees.
05.02.2016, Oliver KundPM
Coaches see salaries soar... by entire euro!
In the fall, culture minister Indrek Saar said the children and youth coaches getting state support to salaries would see the fund thereof boosted by ten percent. Afterwards, it rose to 13.5 percent. Oh the joy in coaches as, with the small wages, every euro helps.
27.01.2016, Peep PahvPM
Headphones at expense of subordinates
Headed for vacation, police chief Elmar Vaher paid €300 for his headphones. The staff at the office is abuzz as the rank and file have lived under total austerity for these past few years.
21.01.2016, Risto BerendsonPM
Flexibility planned for second pillar pension benefits
Yesterday, finance minister Sven Sester introduced a plan to amend payments from pension system aimed at increased flexibility and transparency.
19.01.2016, Tõnis OjaPM
Jihadist's supporters jailed
Yesterday, Harju County Court convicted Tallinners Ramil Khalilov (25) and Roman Manko (30) in support of terrorism and punished them with seven and five years physically behind bars, respectively.
13.01.2016, Helen MihelsonPM
In 2015, Reform drew top donations
Last year, the private donors most generous towards parliamentary parties were entrepreneurs Urmas Sõõrumaa and Hillar Teder. The sums given by the duo put together amounted to almost a quarter of the total donated.
13.01.2016, Karin KangroPM
Tsahkna: people must not pay the bigger bills
Yesterday, social protection minister Margus Tsahkna (IRL) interviewed by Postimees said he understands the panic in parents when getting the unexpectedly big bills for technical aids and is not about to justify mistakes made.
07.01.2016, Marian VõsumetsPM
TransferWise to cooperate with banks
After a lengthy history of bashing high currency exchange fees at banks as its chief slogan, TransferWise enters into cooperation with banks. In New Year, the first step will be TransferWise’s international foreign currency transfers straight from LHV mobile bank.
22.12.2015, Aivar PauPM
Meet the state-paid writers
Wages from state budget will go to writers Maarja Kangro, Indrek Koff, Mihkel Mutt, Jürgen Rooste and Tõnu Õnnepalu. «A rather representative selection, both by genre and by age,» observed Estonian Writers' Union head Karl Martin Sinijärv.
09.12.2015, Hendrik AllaPM
Editorial: the rural Estonian swimming pool boom
Alas, European money alone will not make the Estonian regions equally prosperous. As shown by a Praxis study, the funds have found a use rather self-centered and driven by narrow-minded local interests.
Every party gets a part
Starting today, Riigikogu discusses the 2016 state budget bill. Among other things, the lucky ones will emerge who are in for a windfall of extra taxpayer money – depending on level of love by parliamentarians. No surprise if the likes of Public Broadcasting (ERR) and Olympic Committee (EOK) get showered.
26.11.2015, Joosep VärkPM
Minister: Redundancy payouts to Estonian Air employees depend on creditors
Due to the requirement that all parties be treated equally, employees of Estonian Air will get redundancy payouts if all creditors agree to this, Minister of Economic Affairs and Communications Kristen Michal said.
Editorial: a toothless state
If an ordinary paid worker owes money, a bailiff demands that he pay up. Limits are set to use of bank account. From registers, they will find about his assets and can apply forced sales. He keeps paying until the debt is covered. In the worst cases, he also pays the absurdly large fines for delay, and the tough collection costs.
Centre Party provided answers regarding movement of cash
Centre Party adhered to precept by supervisory committee for financing of political parties (ERJK) and provided answers regarding the extraordinarily large cash remainder exceeding €174,000 as shown in 2014 report.
23.10.2015, Karin KangroPM
Confused, banks erraneously move money of hundreds of thousands
Disorientated by technical problem at partner, several banks in Estonia transferred money to accounts of hundreds of thousands clients without bases or earmarked extra sums.
24.09.2015, Triin ÄrmPM
Editorial: fathom the harbour(ed) finances
According to anonymous sources speaking to Postimees, a political cash channeling system has been operated at Port of Tallinn before the current top management now under corruption suspicion was appointed.
Suspicion: Kiil amassed money with Kaljurand aware
The most valuable part of what security police has collected, this past year, is extracts of bribes-related conversations between Port of Tallinn chief Ain Kaljurand and his deputy Allan Kiil.
28.08.2015, Risto BerendsonPM
Managers of Port of Tallinn arrested on bribery charges
Officers of the Estonian Internal Security Service (ISS) on Wednesday morning detained Port of Tallinn chairman of the board Ain Kaljurand and member of the board Allan Kiili as suspects in bribe-taking.
Viga, mida Volkswagen autoostjate eest kaks aastat varjas
Uurijad jõudsid hiljuti järeldusele, et 126 autotüübi puhul saab kasutada tehnoloogiat, mis muudab nende varastamise lihtsamaks.
19.08.2015, PM TarbijaPM
Estonian govt to cover hospital bill of citizen taken ill in Turkey
The Estonian government on Thursday decided to allocate 48,593 euros to cover the extraordinary hospital bill of an Estonian who was taken ill in Turkey and the Social Ministry is also in negotiations with the Vaatsa rural municipality for partial compensation of medical costs.
Bribe possibly passed in Pärnu
To this day, official information is unavailable by Latvia on shared corruption scandal with Estonia. Estonia's law enforcement, having provided legal assistance to Latvian colleagues, is obliged to keep mouth shut.
12.08.2015, Anneli AmmasElu
Suvepealinna möll jätkub! Selle suve ekstreemseim festival OnWheels Kuldrula 2015 toimub juba sel nädalavahetusel!
Festival saab avapaugu juba sel reedel, 14. augustil, kui Pärnu Surfiklubis leiab aset Kuldrula pre-party «LEGE SURFIKA HÄNG @ PÄRNU SURFIKLUBI». Rannale sobiliku meeleolu ja muusika taustaks toimub vabas vormis rula minirämbi jämm ja rulaslaalom.
SEB: Estonia hit by housing price bubble
Estonians may enjoy consuming boom till entrepreneurs are able to produce ever more effectively, lift wages and keep unemployment rise in check, says SEB chief Allan Parik, who thinks that while sailing on thin ice in this crisis-smelling world, Estonian businessmen stand on secure foundations and have thus far managed to react correctly to changes in economic environment. Domestic consumption remains solid, unemployment is low, and entrepreneurs are showing strong competitiveness on the weak external markets. No near term solution is to be expected t the differences with Russia, and therefore it makes no sense inserting deals with them into business plans.
06.08.2015, Andres Reimer, RiiaPM
Estonia under threat of forced aid to Greece
Though approved by Riigikogu's European Union Affairs Affairs Committee last Friday, financial aid for Greece within European Stability Mechanism (ESM) could just as well be forced upon us, say experts - and that in volumes prescribed by other members.
23.07.2015, Indrek MäePM
Editorial: leave city, be happy
As observed in a deep-delving story on small town niceties in Postimees today, people tend to be happier there... provided they have what it takes to be happy like family, friends, work and income.
Estonia not against using EFSM to help Greece
Estonia is not against tapping into the European Financial Stability Mechanism (EFSM) to provide Greece with bridge financing.
Tallinn cadres commanded to cough up election ads money
Yesterday, Tallinn Administrative Court ruled to ignore complaint by Northern Tallinn city district elder Karin Tammemägi and her deputy Priit Kutser (both Centre) demanding the cancelling of injunction by committee for monitoring party financing (ERJK). Thus, Ms Tammemägi and Mr Kutser must put advertisement money back to city coffers.
18.06.2015, Tiina KaukverePM
Minimum wagers to get extra €900 per year
At least in terms of financial support, the incoming government leans towards the poor and families with kids. This, say social workers, will ease the tens of thousands barely making it payday to payday.
09.04.2015, Anneli AmmasPM
Pilots sue Avies to get paid
Two dozen pilots fired by the airline Avies at end of last year have had recourse to Tallinn court to demand payment by former employer of several months’ back wages.
08.04.2015, Andres Reimer, RiiaPM
Thugs try robbing police of €80,000
What a flop: criminals decide to rob the €80,000 offered them for a drug deal, unaware it was a trap set by police.
08.04.2015, Risto BerendsonPM
Puppet Theatre told to return €63,000 of grants
Independent audit finds Puppet Theatre must pay back part of EU project support not used expediently. The sum to be returned is €73,000 which for the theatre is one month’s salaries or the budget for a year’s worth of new productions.
27.02.2015, Hendrik AllaPM
Eesti Pank may start buying public enterprise bonds
Though the «money printing» program proclaimed by European Central Bank involves government bonds, Eesti Pank will not exclude bond purchases of public corporations such as Eesti Energia and Elering.
30.01.2015, Tõnis OjaE24
Milline iseloomuomadus aitas Carl Icahnil multimiljardäriks saada?
Investor Carl Icahn, kelle varanduse väärtuseks hinnatakse 24 miljardit dollarit, peab oma suurimaks vooruseks sihikindlust, kirjutab Business Insider Tony Robbinsi raamatule «Money: Master the Game» toetudes.
Editorial: Lithuania gets euro i.e. full Baltic house
The day after tomorrow, as the year changes, euro will also be the money of the Lithuanians. Indeed, they already wanted the currency back in 2007, but were rejected as their inflation was slightly above the Maastricht criterion. Now, eight years later, Lithuania becomes 19th member of the eurozone – a decision maker at the European Central Bank (ECB) table in Frankfurt.
Video: car and money
A smart buyer will always find time to think through all the expenses and risks that come with buying a car. It's also important to objectively assess your financial opportunities and consider a situation where you suddenly won't have a job anymore.
Fast loan firms milk debtor till last drop
Many are the means developed by fast loan providers to make extra money on those late with payments – for instance, creating a debt collecting company of their own. A bill now in pipeline is trying to set a ceiling to debt proceeding costs.
14.11.2014, Marge TubalkainPM
Bums and fools in loan shark jaws
While investigating an international computer fraud, in spring of 2012 economy police spotted a suspicious behaviour pattern of its alleged leader and his acquaintances – the young guys loved to have dealings with outcasts or people slightly disabled. Daily.
11.11.2014, Risto BerendsonPM
September tax receipts up almost 10 pct on year at EUR 453.5 mln
In September 453.5 million euros of tax money was paid into Estonia's state budget, 9.8 percent more than in the same month last year.
Editorial: central bank saving the eurozone economy
European Central Bank led by its president Mario Draghi, saviour of the euro two years back, is keeping up strong stimulation of eurozone’s stagnating economy and demonstrating determination to save it from deflation trap. As decided by ECB council yesterday, the base interest is down to the non-existent percentage of 0.05, and deposit interest 0.2 below zero. Also, they are in for a massive purchasing of assets.
Doctors demand better pay
Collective agreement talks between medical workers and Hospitals Association are getting tough as the association deems demands by doctors to be Utopian.
01.09.2014, Tiina KaukverePM
Criminal Police performs «informant pay» reform
Cutting the chances of policemen pocketing the cash instead of awarding informant, and becoming subjects to blackmail.
28.08.2014, Risto BerendsonPM
Work capacity reform delayed
Yesterday, Riigikogu social commission received amendments to work capacity reform bill by coalition MPs whereby the latter desire to raise the income level triggering cuts to work capacity benefits and to postpone entry into force of the law by half a year till January 1st 2016.
12.08.2014, Anette ParkseppPM
Editorial: the state vs the lawyer – a battle of principle
By its directive yesterday, justice ministry fired a resounding opening shot in its battle with Bar Association. The issue: how much must taxpayer pay to BA for it to provide legal assistance to people who can’t afford a lawyer?
State temptation fails to woo
€7,600 grant can’t tempt a young jurist to toil in Ida-Viru County.
11.08.2014, Oliver KundPM
€28,000 of debt outstanding by Edgar Savisaar to Alexander Kofkin
Not long ago, Centre Party chairman and Mayor of Tallinn owed private persons over €200,000. By today, his debt burden has shrunk to €28,000 as stated in declared economic interests.
11.07.2014, Karin KangroPM
Editorial: jump-starting circulation
European Central Bank (ECB) council decision, yesterday, to drop its deposit interest below zero is rare yet not unexpected. The trick has been done before, by Swedish and Danish central banks, to enhance economy – the nations, however, don’t use the euro. For the eurozone, this is a first.
Bank only packs bags after folks go
Swedbank Estonia director general Priit Perens says local branches are in the red except for Tallinn and Tartu.
02.06.2014, Tõnis OjaPM
Drug money laundered in casinos
While chasing street dealers, investigators stumble upon large drug proceeds attempted to be legalized in novel ways.
05.05.2014, Risto BerendsonPM
Estonian authors to make money on YouTube
At the beginning of March, Estonian Authors’ Society (EAÜ) entered into a contract with the YouTube video environment owned by Internet giant Google, pursuant to which Estonian authors stand to receive a certain percentage of YouTube advertisement revenue in Estonia via EAÜ.
25.03.2014, Kalev AasmäePM
Money missing to show World Cup
Within weeks, Estonian Public Broadcasting (ERR) chief Margus Allikmaa must find a way to show World Cup football – or decide to call it off.
27.11.2013, Tuuli KochPM
Cash scrapped. Not if? but when?
The idea that cash is to go makes bankers and publicans jump with joy, black economy breaks out in cold sweat. Verily, however: that’s the trend.
25.11.2013, Nils NiitraPM
Editorial: unbelievable antics for taxpayer money
For some reason, Tallinn’s Centre Party city government decided to do its ugliest and grossest yesterday – on World Mental Health Day. The monstrosity hoisted for a couple of minutes, by crane, to open Ülemiste crossing, plus the rest of the theatrics, cost Tallinn taxpayers many a teacher’s yearly wages worth of money.
Editorial: dirty party laundry. In plastic bags
Political parties prefer problem management by beating about bushes.
Ex-Centrist launderer unwilling to leak names
Tarmo Lausing (formerly Centre Party), yesterday owning up to helping party launder hundreds of thousands of kroons, opts not to reveal who brought him the money – and whom he, thereafter, asked to donate it to Centre Party.
04.10.2013, Mikk SaluPM
Tallinn throws €132,000 to «thank» officials
Elections year in progress, mayor Edgar Savisaar awards his staff with six months of incentive wages and tries to classify sums, for years.
05.09.2013, Tuuli KochPM
Dearth of money destroying Estonian rally
In rallying, youngsters do not dominate. The nine time world champ Sebastien Loeb, for instance, took his first title at 30 years of age. This year’s leader Sebastien Ogier being 29. To gain great victories, patience is needed. And grace to go through tough times.
13.06.2013, Peep Pahv