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10.01.2013 Due to the pressure from the Chamber, the Tax and Customs Board of Estonia gave up the plan of permanent control of the daily transactions of companies

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.

04.01.2013 Retailers, Service Providers Excelled on Stock Market in 2012

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.

04.01.2013 2012 Tax Revenues 2.3% Over Target, Says PM

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.

02.01.2013 Changes in the price list

The prices of the services of the Estonian Chamber of Commerce and Industry have changed from 1 January 2013.

06.12.2012 Demand for Export Grant Exceeds Availability

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.

06.12.2012 Government to Say 'No' to Nord Stream

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.

20.11.2012 Moody's Affirms Estonia's A1 Rating

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.

20.11.2012 SEB Raises 2012 GDP Forecast to 3.1%

20.11.2012 Estonian, Finnish Ministers Seek 'Unified Startup Region'

ERR - Estonian and Finnish ministers attended a meeting in Helsinki on November 19 between the two countries’ research and development councils.

15.10.2012 Ansip: Estonia to reach 75% of EU average wealth by 2020

15.10.2012 Businesses furious over government’s plan to increase indirect taxes

01.10.2012 New Baltic Fund to Inject Millions of Investment Capital

ERR - The European Investment Fund and the Baltic countries are today signing a deal to establish a 100-million-euro investment fund.

01.10.2012 Minister Comments on Next Year's Electricty Prices

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.

25.09.2012 Estonian Internet Freedom Places First in the World

ERR - For the third straight year, Freedom House's recent survey indicates Estonia has the greatest internet freedom in the world.

21.09.2012 The Most Competitive Company 2012 is EMT AS

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.

12.09.2012 Käo: Estonia is an economic oasis

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.

12.09.2012 President Approves ESM Treaty Ratification

ERR - President Toomas Hendrik Ilves signed the European Stability Mechanism ratification instrument into law today.

12.09.2012 Russia Led Export Destinations in July

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.

23.08.2012 Worldfamous coffee chain looks towards Estonia

BBN - Starbucks, one of the world’s most famous coffee chains, may be expanding to Estonia and has already been studying the Estonian market.

23.08.2012 Unscheduled Russian Power-Down Limits Capacity in Baltics

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.

03.08.2012 Skype Estonia: Recruiting From Abroad a Struggle

ERR - Immigrant-unfriendly circumstances are hindering Skype Estonia from recruiting IT developers from abroad, according to the company.

03.07.2012 Estonia Welcomes EU Banking Union, Opposes Central Budget Control

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.

03.07.2012 Finnish Minister Proposes Abolishing Corporate Income Tax, Estonian-Style

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.

15.06.2012 The Many Reasons Estonia Is a Tech Start-Up Nation

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.

11.06.2012 Hansson: Austerity is Justified and for Some, the Only Choice

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.

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