Marek Helm: control of companies must become more efficient
Due to the pressure from the Estonian Chamber of Commerce and Industry, the Tax and Customs Board of Estonia gave up the plan of permanent control of the daily transactions of companies. The idea to control each and every purchase transaction of companies via a computer system was taken off the table due to opposition of the Chamber of Commerce. Furthermore, the head of the Tax Board confirmed that the second idea that aims making the control stricter – the database planned for the fight against black labour force, will be introduced already next year. Entrepreneurs will have to register their employees at the Tax Board already before they start working.
ERR - In terms of share value, the past year was a good one for companies listed on the Tallinn stock exchange, an equity analysis specialist for a leading bank has said.
ERR - The state's tax revenues for last year were better than expected, coming in at 2.3 percent above what was planned in the national budget, Prime Minister Andrus Ansip has said.
The prices of the services of the Estonian Chamber of Commerce and Industry have changed from 1 January 2013.
ERR - Enterprise Estonia said it will have to stop accepting applications for export development grants from tomorrow due to pending applications exceeding the allocated budget.
ERR - The government decided at a Cabinet meeting to turn down Nord Stream's bid to conduct marine surveys in Estonia's exclusive economic zone.
ERR - Moody's Investors Service on November 16 affirmed Estonia's A1 government bond rating and stable outlook, citing both the strength of the economy and the state's fiscal responsibility.
ERR - Estonian and Finnish ministers attended a meeting in Helsinki on November 19 between the two countries’ research and development councils.
ERR - The European Investment Fund and the Baltic countries are today signing a deal to establish a 100-million-euro investment fund.
ERR - Prompted by media reports of huge price increases due to come when the nation's electricity market fully opens up on January 1, Economic Affairs Minister Juhan Parts has recommended that consumers wait a little longer before choosing their electricity supplier.
ERR - For the third straight year, Freedom House's recent survey indicates Estonia has the greatest internet freedom in the world.
EMT AS was declared the Most Competitive Company 2012 already for the second consecutive year at the gala reception held at the Estonia Concert Hall on 20 September 2012. EMT also won in the category of communications and IT-service.
BBN - “The whole Northern Europe and Estonia are some sort of an oasis. It’s a fact that other economies elsewhere are doing much worse than Scandinavia and Estonia. We are enjoying this situation and praying that is remains like that,” Jüri Käo, one of Estonia’s most powerful businessmen, told Äripäev.
ERR - President Toomas Hendrik Ilves signed the European Stability Mechanism ratification instrument into law today.
ERR - Russia was the biggest export destination for Estonian goods in July, according to Statistics Estonia. It was the first time that had happened and represented a 35 percent increase compared to the same month last year.
BBN - Starbucks, one of the world’s most famous coffee chains, may be expanding to Estonia and has already been studying the Estonian market.
ERR - The power transmission capacity between Estonia and Latvia is more limited than normal due to an uncoordinated maintenance shutdown of a 330-kilowatt power line in Russia.
ERR - Immigrant-unfriendly circumstances are hindering Skype Estonia from recruiting IT developers from abroad, according to the company.
ERR - hief among the issues to be discussed at the June 28-29 meetings is a plan authored by European Council President Herman Van Rompuy and the heads of the European Commission, European Central Bank and the Euro Group to, as some see it, increase federal control over the countries in the euro area and reduce national sovereignty.
ERR - Minister of Economic Affairs Jyri Häkämies of the conservative Kokoomus told Turku-based daily Turun Sanomat that he plans to introduce the proposal to the cabinet for discussion, saying it would encourage companies to invest rather than withdraw profits.
WSJ Online - Estonia is the 132nd-smallest country in the world by land mass, yet it produces more start-ups per head of population than any other country in Europe. It has a population the size of Copenhagen but has one of the world's most advanced e-governments.
ERR - Newly sworn-in central bank governor Ardo Hansson, one of the architects of Estonia's 1990s monetary reform, has sounded off on this week's public clash over economic paradigms, underlining that a Keynesian approach may not even be an option for larger countries.