Thu, 20 Jan 2011: Tax policy needs review…

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...

Wed, 21 Jul 2010: Stability provided by Swedish banks…

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...

Wed, 10 Feb 2010: State lends support for industrial parks…

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...

Wed, 25 Nov 2009: Enterprises want export guarantees and more dialogue between the governm…

“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...

Wed, 4 Nov 2009: Governments continue struggle with budgets in their march towards the eur…

"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...

Wed, 2 Sep 2009: Electricity worries take center stage…

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...

Wed, 12 Aug 2009: SAS recovers properties in asset shuffle…

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 ...

Thu, 2 Jul 2009: Coalition criticized for sharp tax hike…

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...

Wed, 4 Feb 2009: SAS pulls out of 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...

Wed, 18 Oct 2006: Levira unaffected by ownership change…

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...

Wed, 1 Feb 2006: Government, international investors interested in rail stake…

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...

Thu, 21 Oct 1999: Tolaram bets on the right horse with paper mill…

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, ...

Thu, 4 Feb 1999: Energy company, Estonia negotiate…

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 ...

Thu, 21 Jan 1999: Sillamae declared free economic zone…

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...

Thu, 8 Oct 1998: Americans land electricity deal …

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...

Thu, 1 Oct 1998: Privatization of state gas company almost complete…

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...

Thu, 3 Sep 1998: Estonian government saves its embassies…

"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...
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