Estonian gaming operator Olympic Entertainment Group (OEG) announced that it has entered into an agreement to sell to investment firm East Capital its subsidiary that owns the hotel and entertainment complex that houses the Hilton Tallinn Park hotel and OEG's flagship Olympic Park Casino.
Aripaev writes that Estonian-owned GoGroup which had a very strong year in 2015 recently underwent major changes in its ownership when the former majority shareholder Marcel Vichmann stepped aside and Tiit Pruuli who had been a minority shareholders became the majority shareholder.
Estonian property investment firm EfTEN and KanAm Grund Kapitalverwaltungsgesellschaft mbH announced that EfTEN has acquired the Domina Shopping Center from KanAm.
State-owned Port of Tallinn handled 10.7 million tons of freight in six months which is 11 percent less than a year earlier, announced the company.
Nortal Group shareholders bought back 50% of Group shares from Enterprise Investors and LHV Pension Funds, regaining full ownership of the company. Simultaneously Nortal is expanding its shareholder base among employees.COMMENTS (1)
Aripaev writes in its editorial that the good news from last week was that the parliament adopted amendments which should make e-residency more accessible to foreigners.
Aripaev writes that the hope of the Estonian government is to collect more money into budget by increasing fuel excise duties is backfiring because more and more vehicle owners are filling up in Latvia.
Commenting the report of the National Audit Office which claimed that the government rushed its decisions on national carrier Estonian Air, former PM and current vice president of the European Commission Andrus Ansip said that he is convinced that the government did the right thing at the time when it decided to aid Estonian Air.COMMENTS (1)
Aripaev writes that more and more Latvians are choosing Estonia and in particular Southern Estonia as place of employment, mainly because of higher wages.COMMENTS (4)
Raul Kirjanen, owner of Graanul Invest, writes in Aripaev that he wants to praise the government for not rushing to borrow cheaply.
Aripaev writes that the proposals made by Justice Minister Urmas Reinsalu on amending the commercial code in a way that would ease requirements on e-residents may turn Estonia into another offshore country just like Panama.COMMENTS (1)
Aripaev writes that the actual costs that Estonia is spending on its e-residency poject and benefits are hard to estimated.COMMENTS (1)
At the time when Latvians are working hard to make their economy grow faster, Estonia’s leaders are perfectly happy with what Estonia has achieved and see no need to change anything.
Attorney at law Leon Glikman writes in Aripaev that Estonian entrepreneurs are thankful for anything that makes business in Estonia more attractive, especially for investors.
Estonia’s former Finance Minister Maris Lauri writes that the Estonian tax system does not need major changes.
The long-time chief executive of Tallinn Airport, Rein Loik, has tendered his resignationand the supervisory board of the state-owned company will gather on February 29 toconsider it.COMMENTS (1)
Janek Mäggi, owner of a public relations agency, writes in Aripaev that one way to make sure that Estonia is successful is to make Estonians happier.COMMENTS (3)
Finnish manufacturer of cable harnesses PKC Oy announced yesterday that it will close its Estonian assembly plant PKC Eesti next year.COMMENTS (2)
Aripaev writes that in spite of Estonia having about 100,000 corporate tax payers, 75 companies pay more than a third of taxes.COMMENTS (1)
Aripaev writes that head of the Estonian Tax Board Marek Helm made headlines yesterday when he said that the tax authority is considering the possibility of abolishing tax declarations.COMMENTS (1)
Aripaev published a list of 250 entrepreneurs ranking them by dividends they received in 2014, ie for the financial year 2013.
Ex-PM and current chairman of the supervisory board of Eesti Pank, Mart Laar, writes that the problem with today’s ruling politicians is that they are too soft to think or do anything.
Vilja Kiisler, opinion editor of Aripaev, writes that the problem with Estonians is that they value hard work more than the outcome . COMMENTS (4)
Estonian shale oil producer Viru Keemia Grupp (VKG) plans to lay off almost 500 employees.
Valdo Kalm, former CEO of Eesti Telekom, has been appointed the new chairman of Estonia's state-owned Port of Tallinn.
Aripaev writes that Estonian parties on power are facing a major moral dilemma after it has been reported that they have recently received donations from major property developer Hillar Teder who has been declared a suspect in the bribery case involving prominent politician Edgar Savisaar.COMMENTS (2)