Banks in Estonia are opposing the proposal that once a bank has sold a home repossessed from a defaulting borrower, the whole loan contract has expired. Aivar Rehe, chairman of the Estonian Banking Association, says that banks are not supporting the draft legislation put forward by opposition Centre Party and Social Democrats.COMMENTS (2)
The European Parliament has given the green light to the new European Commission, ending a long hiatus.
Businessman Adik Levin, one of the owners of health clinic Role that applied for a four-month grace period for principal loan repayments to Swedbank, says that he was shocked to hear that in exchange Swedbank wanted to increase the interest margin by half, writes Äripäev.COMMENTS (5)
Estonian Air delayed several flights yesterday when someone made a bomb threat and claimed that there were explosives in one plane.
Bankrupt Estonian golf club Otepää Golf has got a new owner: at the auction held on February 3, the company's assets were acquired by Proformest for 6 million kroons.COMMENTS (5)
Estonian economic growth may remain subdued for several years, but the probability of Estonia adopting the euro in January is high, says Moody's.COMMENTS (2)
Estonian Air will be serving free refreshments: snacks, coffee, tea, water and juice on longer flights, and coffee, tea and water on flights which are shorter than one hour. COMMENTS (8)
Estonian businessman Andres Vainola offered heads of Jõelähtme municipality an agreement that if he transfers about 6 million kroons to the municipality in income tax, the municipality would help him to apply for EU aid to develop his small port.COMMENTS (4)
Spanish businessman Javier Ortiz de Artiñanol who is CEO of FTr Consultants and founder of Risti Klubi plans to invest about a billion kroons on developing a golf club and a housing estate in Risti in Läänemaa county. COMMENTS (23)
The current trend of the unemployment insurance fund shows that registered unemployment will grow to 100,000 people, ie to 15% by the end of March.COMMENTS (10)
Estonian Data Protection Authority says information about payment defaults of private persons is public and can be published also without the consent of the debtor.COMMENTS (4)
Sweden’s Swedbank, SEB and Nordea Bank will book losses of about $3.7 billion in Baltics in 2010.COMMENTS (4)
Swedish business newspaper Dagens Industri writes in today's cover story that the situation in the Baltic states is stabilizing and the risk of a bank collapse is over.COMMENTS (9)
State-owned Port of Tallinn announced it handled 31.6 million tons of cargo in 2009. This is 9% more than in 2008 and made it third largest port in the Eastern coast of the Baltic Sea behind Primorsk and St. Petersburg, but ahead of Riga, Ventspils and Klaipeda.COMMENTS (9)
With credit easing and property values stabilising, Europe’s real estate industry will see some improvement in 2010, but faces a ‘long, slow haul’ to recovery, says Emerging Trends in Real Estate Europe.
Finance minister Jürgen Ligi told Äripäev that if Mart Laar, chairman of Isamaa, were to implement his promises that he made in his speech on Saturday, Estonia could kiss the euro goodbye. COMMENTS (6)
