News «KOMERK AS»

According to the report of the Estonian Health Department, the country is among the leaders of the EU states in terms of the incidence of coronavirus. Despite the introduction of numerous restrictions, the situation is not stabilizing.

Estonian and Finnish business associations have made joint statements to the leadership of neighboring countries to lift some of the restrictions imposed in connection with the covid-19 pandemic. Suomi's toughest rules are now in place.

According to official statistics, Estonia managed to avoid a sharp drop in exports last year and even reduce its foreign trade deficit, despite the difficult economic conditions during the covid-19 pandemic.

The Estonian Tax and Customs Department and LHV Bank have developed a special service for individual entrepreneurs that allows them to pay taxes in a simplified mode.

Against the background of the next wave of the covid-19 pandemic, Finland has closed its borders on entry, including for citizens of neighboring Estonia. An exception will be made for a small group of people with mandatory testing.

The Estonian Chamber of Commerce and Industry has developed a number of proposals that will make it possible to adjust the Occupational Safety and Health Act and make it more appropriate for working conditions during the covid-19 pandemic.

The Tax and Customs Department of Estonia has published a memo for entrepreneurs and individuals containing the main changes in the rules of trade with the UK. Since the beginning of the year, in connection with Brexit, crossing the border will require the registration of a customs declaration.

One of the largest Breweries in Estonia, Saku Olletehas, has signed a new contract for the supply of its products to the Russian market. The trial batch was successfully implemented in Russia in the fall.

Against the backdrop of the economic crisis caused by the covid-19 pandemic, the Estonian government decided primarily to subsidize the most affected counties. Special attention will be paid to the northeastern regions where enterprises stopped their work due to quarantine measures.

The Analytical Center of the Estonian Parliament published a report on the state of the economy in 2020, paying special attention to the impact on this area of the coronavirus pandemic. Many industries will need significant support for recovery.

The Estonian e-residency program, which gives foreign businesses access to the EU market, has become particularly relevant during the covid-19 pandemic. Over the entire period of e-Residency's existence, about 15,000 new companies were opened.

Representatives of the Estonian Parliament say that there is a serious crisis in the production of beverages and food products against the background of the covid-19 pandemic. Further decline in sales may nullify exports to the European Union.

Due to the significant increase in the number of cases of covid-19 recently, quarantine restrictions, which were in force in the spring, have entered into force again in Estonia. Most of them are about visiting public places.

The national business development Fund EAS will accept applications from young companies to participate in the next program to support entrepreneurs until the end of November. The project is implemented jointly with Civitta Estonia, a leading management consulting company in the Baltic States.

Due to the significant increase in orders from foreign online tobacco stores, especially electronic cigarettes, the Estonian Tax and Customs Department had to issue additional explanations regarding such mail.

American company Splunk, which is the developer of one of the most popular machine data collection and analytics platforms in the West, will own the Estonian startup Plumbr.

Estonian carriers, as well as other EU countries, are getting used to the new requirements for organizing the working conditions of truckers. According to experts, these changes may lead to the bankruptcy of some companies in Eastern Europe.

The state program to support young entrepreneurs in Estonia will soon be changed - the amount of the grant to start a business will be increased by a quarter to 6,000 euros.

The Estonian Ministry of Foreign Affairs has announced easing restrictions on air travel related to the covid-19 pandemic. This week air borders will be opened to most EU countries.

The first year of operation of the representative office of the Estonian national investment Fund Enterprise Estonia in the UAE was considered extremely successful. During this period, more than 100 companies were assisted in developing a new market in the Persian Gulf.