Thu, 20 Jan 2011: Tax policy needs review…
Jan 20, 2011 Baltics
Eighty percent of entrepreneurs would favor the current system over a classic model with a lower tax rate. Financial advisor Alar Voitka, a partner with Nordic CF Advisory, feels that the reform...Tags: Alar, Cf, Classic Model, Corporations, Current System, Dividends, Estonian Government, Etv, Financial Advisor, Income Tax Exemption, Money, Nordic, Paying Taxes, Profits, Tax Rate, Tele 2, Telecom Sector
Wed, 21 Jul 2010: Stability provided by Swedish banks…
Jul 21, 2010 Baltics
Rimsevics admits though that Latvia will lose time and foreign investment, because investors will prefer to invest their money in a country that has proven it is able to keep things in order and h...Tags: Budget Policy, Economic Development, Economic Growth, Estonian Government, Estonian President, Foreign Investment, Hendrik, Investors, Latvia, Money, National Currency, Neighbor, Prudent Budget, Rsquo, Swedish Banks, Toomas Hendrik Ilves
Wed, 10 Feb 2010: State lends support for industrial parks…
Feb 10, 2010 Baltics
The biggest industrial parks in and around Tallinn now are Juri Industrial Park, Tanassilma Technological Village, Dvigatel Industrial Park, Keila Industrial Park and Lasnamae Industrial Park. The...Tags: Billions, Estonian Government, Hectares, Industrial Parks, Investments, Job, Keila, Square Meter, State Parks, Viru
Wed, 25 Nov 2009: Enterprises want export guarantees and more dialogue between the governm…
Nov 25, 2009 Baltics
“The government has done a good job with Kredex and the Rural Development Foundation MESA,” says Indrek Nuume, Member of the Board of LHV Bank, as he lists the efforts of the Estoni...Tags: Ceo, Development Foundation, Dialogue, Estonian Government, European Banks, Export Guarantees, Financial Crisis, Good Job, Governm, Job Development, Liquidity, Member Of The Board, Obstacle, Quality Clothing, Rural Development
Wed, 4 Nov 2009: Governments continue struggle with budgets in their march towards the eur…
Nov 4, 2009 Baltics
"We believe the [European] Commission is willing to provide whatever help is necessary to prevent a risk event." While devaluation "cannot be ruled out," markets should realize that "[keeping the...Tags: Adoption Plan, Adoption Terms, Balanced Budgets, Budget Deficit, Budget Measures, Currency, Devaluation, Estonian Government, Euro, European Commission, Fiscal Balance, Governments, High Risk, Imf, Mucci, Strategist, Struggle, Target, Unicredit Group
Wed, 2 Sep 2009: Electricity worries take center stage…
Sep 2, 2009 Baltics
Paksas says that "everyone today agrees that the closing of the plant at the end of this year will bring more problems to Lithuania." He warns that the electricity supply might be interrupted an...Tags: Center Stage, Eesti Energia, Electricity Grids, Electricity Supply, Estonia, Estonian Government, Finland, Kilometers, Paksas, Postponement, Power Cable, Power Supply, Subsidiary, Undersea Cable, Worries
Wed, 12 Aug 2009: SAS recovers properties in asset shuffle…
Aug 12, 2009 Baltics
This decision came unexpectedly for the Estonian government, which owns 34 percent of the enterprise. Estonian government officials Tarmo Porgand and Heldur Meerits voted against the proposal in ...Tags: Assets, Aviation, Contrary, Economic Decline, Estonian Air, Estonian Airline, Estonian Government, Explanations, Government Officials, Management Board, Proposal, Sas, Short Term Loans, Shuffle
Thu, 2 Jul 2009: Coalition criticized for sharp tax hike…
Jul 2, 2009 Baltics
According to the government, the 2 percent increase in VAT would raise 800 million kroons (51 million euros) in additional revenue. Viktor Trasberg, who teaches economics in Tartu University, is...Tags: Consumption Taxation, Direct And Indirect Taxes, Economics, Economy, Element, Estonian Government, Imf, Income Tax, Paevaleht, Sharp, Tax Hike
Wed, 4 Feb 2009: SAS pulls out of Baltics …
Feb 4, 2009 Baltics
On Jan. 30, the first measure of the plan was realized when SAS sold its 47.2 percent stake in airBaltic to the carrier's management for 14 million lats (20 million euros).SAS said that it was no...Tags: Airbaltic, Airline, Estonian Air, Estonian Government, Euros, Lats, Percent Stake, Sas, Survival, Takeover Talks
Wed, 18 Oct 2006: Levira unaffected by ownership change…
Oct 18, 2006 Baltics
The new owners will gain 60 percent of the company and bring in capital necessary to support the firm's expansion and reorganization. Levira board member Indrek Lepp told the Baltic News Service t...Tags: Baltic Countries, Baltic News Service, Board Member, Change Of Ownership, Concrete, Estonian Government, Horizon, Investment Opportunities, Levira, Majority Owner, Reorganization
Wed, 1 Feb 2006: Government, international investors interested in rail stake…
Feb 1, 2006 Baltics
Two more potential buyers are coming soon," said Kao. He added that there had also been progress in talks over the purchase of shares by the Estonian government in the past few months. "A protocol...Tags: Affairs Ministry, Economic Affairs, Estonian Government, International Investors, Kao, Kroons, Ministry Committee, Percent Stake, Private Owners, Protocol, Railway, Stak, Willingness
Thu, 21 Oct 1999: Tolaram bets on the right horse with paper mill…
Oct 21, 1999 Baltics
At Horizon, Tolaram ended a 57 year tradition of state ownership by acquiring the bankrupt plant from the Estonian government in 1995; since then, Tolaram has invested $12 million in the factory, ...Tags: Baltic, Bets, Capitalist Economies, Daisy, Estonian Government, Horizon, Imperative, International Finance Corporation, Money, Toilet Paper, Tolaram, Tradition
Thu, 4 Feb 1999: Energy company, Estonia negotiate…
Feb 4, 1999 Estonia
29, the Estonian government appointed Transport and Communications Minister Raivo Vare as head of the country's delegation for talks with NRG. The start of negotiations was set for February.CIBC ...Tags: Cibc World Markets, Czech Republic, Delegation, Electric Power Stations, Energy Company, Estonia, Estonian Government, Financial Adviser, Global Power, Negotiations, Power Group, Privatization, Vare
Thu, 21 Jan 1999: Sillamae declared free economic zone…
Jan 21, 1999 Baltics
The Estonian government normally charges companies 18 percent VAT on all goods entering Estonia, which is returned if the goods eventually leave the country. This process requires stacks of paperw...Tags: Campaign Contributions, Controversy, Customs Declarations, Estonian Government, Estonian Investment Agency, Foreign Investment, Former Prime Minister, Free Economic Zone, Paperwork, Stacks, Time And Money, Vat
Thu, 8 Oct 1998: Americans land electricity deal …
Oct 8, 1998 Baltics
1."A strategic investor will be included, but negotiations will be continued only with NRG," Hillar Lauri, NRG's Estonian representation director commented on the decision. NRG Energy, which has f...Tags: American Investor, Business Plan, Doing Research, Electricity, Estonian Government, Hillar, Lauri, Narva Estonia, Negotiations, Nrg Energy, Reconstruction Works, Six Months
Thu, 1 Oct 1998: Privatization of state gas company almost complete…
Oct 1, 1998 Baltics
Neste paid 12,500 kroons per share for the 1,000 kroons it bought.Gazprom controls 31 percent of the shares but has the right to increase its stake to 41 percent. The same applies to Ruhrgas, whic...Tags: Direc, Estonian Government, Foreign Investors, Gazprom, Investment Plan, Kroons, Neste, Pallo, Participation, Privatization, Ruhrgas, Shareholders, Shares, Stake, State Gas
Thu, 3 Sep 1998: Estonian government saves its embassies…
Sep 3, 1998 Estonia
"A statement of this kind could cause controversy for the country in question. Discontinuing the activities of foreign missions is a difficult step that could mean serious foreign policy consequen...Tags: Consequences, Controversy, Embassies, Estonian Government, Foreign Missions, Foreign Policy, Ministry Of Foreign Affairs, Parliament