«AS KOMERK» uudised

It was proposed to introduce the taxation system for the first cent, the changes will be applied only to goods arriving from the Third countries.

Estonian ID-cards, issued after October 2014, ceased to be valid. The government of Estonia found that the degree of vulnerability of these cards is too high. It is possible to break their basic code and steal personal data of users.

At the conference on alcohol policy of the European Union Mr. Marek Uuskula, as a representative of the Ministry of Finance of Estonia, said that revenues from the excise tax on alcohol did not meet expectations.

International rating agency Fitch Ratings positively assessed the creditworthiness of Tallinn, the Estonian capital city, its credit policy and upgraded the city's credit rating to the A+ level.

Aseri Sadam company, which owns the terminal project with four berths, is ready to begin construction in the port of Muuga.

Two major port company from Estonia, Port of Sillamäe and EVR Cargo, took part in the regular meeting of the “Coordinating Council on Transsiberian transportation”, which was held in Beijing.

The Luminor Bank, which was the result of a merger of Norwegian Bank DNB and Swedish Nordea, started its working in Estonia.

In the Russian Baltic ports there is a shortage of container cargo. Meanwhile, business of the European neighbours in the Baltic is better.

Estonian Prime Minister, Juri Ratas, and the Representative of Commission on economy, finance, taxation and customs affairs, Pierre Moscovici, discussed the changes in taxation and customs regulations in the era of digital economy.

The price boost affected all food products in Estonia. However, the butter was in the forefront. It’s price rose by 44% and it was in short supply, so the price increase of it can be expected in the future.

The Vopak company as the operator of port terminals in the Baltics plans to begin construction of the LNG (liquefied natural gas) terminal in Muuga port in the fall of this year.

A significant growth was observed in the construction market of Estonia. The volume of construction works both in Estonia and abroad increased by 18% compared to the same period last year. In the domestic market of Estonia construction growth is 25%.

The Estonian Minister of economy, Kadri Simson, visited the port of Muuga near Tallinn and got acquainted with its infrastructure. According to Madam Simpson, Muuga is suitable for construction of multimodal cargo terminal

A fraudulent scheme of money laundering from legal entities became widespread in the Internet.

According to the REGNUM Agency, Rosneft plans to take advantage of 3.4 tonnes of oil fuel and vacuum gas oil through Estonia before the end of 2018.

In Estonia, nearly 400 million documents are electronically signed. This figure is impressive, since Estonia is one of the most advanced countries of the European Union in the sphere of e-services.

Minister of economic affairs and infrastructure of Estonia, Kadri Simson, responded to the request of Laanu County Government about the local railroad links.

Estonian startup SolarStone developed an engineering solution to install solar panels directly into the roof, and in different types of tile roofs that are popular in Estonia.

According to Statistics Department, the exports of goods increased by 15% and imports grew 14% in May of this year compared with the same period of last year. The export of mineral products had a significant impact on these changes.

Most of all, this is export to Russia which increased, it amounted to 28 million euros. Russia went up in the list mainly due to the re-export. Export of mechanical machinery increased to Russia (including excavators, woodworking machinery and equipment for processing of mineral resources).

The highest growth of import also occurred in Russia (41 million of euros). Russia imported mineral products most of all (including motor fuel and fuel oil).

Source: http://www.baltic-course.com/

On the website of the Tax and customs board of Estonia the tax authorities of the country remind about the automatic addition of a fine to the amount of income tax, if this option of income tax is paid after a certain date.