Nr. 7-2010
Published monthly by:
The Swedish Chamber of Commerce
in Estonia
Tallinn:
Stockholm:
Mostly Cloudy, 22 C
Partly Cloudy, 21 C 31.07.2010
EET:
CET: 18:08:49
17:08:49 Click for latest weather and actual time
Royal Members of the Swedish Chamber of Commerce in Estonia
Visit all our Members
www.swedishchamber.ee
info[at]swedishchamber.ee
Tel: (+372) 501 9813
Changeover to the euro Estonia got the final and formal go ahead for joining the eurozone as ECOFIN – EU's Economic and Financial Affairs Council met Tuesday July 13th, 2010.
The euro will now become the legal tender in Estonia as per January 1st, 2011 and e-focus has taken a look at some of the practicalities connected to Estonia's changeover process to euro. Read more
Statistics and reports Summertime is peak season for the publishing of a long row of statistics and reports.
e-focus has harvested among the figures with a special focus on taxation, labour costs, price levels, inflation and economic freedom. All from an Estonian, Swedish, Baltic, Nordic and EU horizon. Read more
Baltic Sea Index In their June 30th Baltic Sea Report, Swedbank takes a look at the shape of the economies around the Baltic Sea and also introduces the new Baltic Sea Index.
Countries covered by the report include, in addition to Estonia and Sweden, Denmark, Finland, Germany, Latvia, Lithuania, Norway, Poland, Russia and Ukraine. Swedbank's new Baltic Sea Index is compiled from several indices, obtained from various sources, and then transferred into a ranking index for these 11 countries. Read more
EU's stress test on the banking system Nordea, SEB, Svenska Handelsbanken and Swedbank – the four major Swedish banks – got thumbs up in EU’s recent stress test on the banking system.
The exercise included a sample of 91 European banks, representing 65% of the European market in terms of total assets. Read more
The Swedish economy is developing strongly - The recovery in the world economy is continuing. Trade between countries is increasing and this benefits Swedish exports and Swedish investments, says Riksbanken, the Swedish Central Bank, commenting their July 1st repo rate raise to 0,5%.
The repo rate is the rate of interest at which banks can borrow or deposit funds at the Riksbank for a period of seven days and is an instrument for Riksbanken’s overriding objective to keep the annual change in the consumer price index at 2%. Read more
Estonia: Evaluating receivables from debtors under reorganization - Last year, the main new big question was how to evaluate the receivables from debtors for whom reorganization procedures have begun, but by now the successful reorganization practice has shown that receivables from debtors under reorganization should be evaluated similarly to receivables from bankrupt companies, says Mart Nõmper, Member of the Management Board and Sworn Auditor at Rödl & Partner Audit OÜ. Read more
The Nordic Ecolabel – gateway to the Nordic markets The Nordic ecolabel is a voluntary scheme for business. The label evaluates the product's impact on the environment throughout its whole lifecycle. Buying Ecolabeled products is one way to be a sustainable consumer and thereby preserve the natural habitat. Read more
How you Set Up Business in Estonia The 5th edition of the guide 'How you Set Up Business in Estonia' has now been published. The guide is aimed at companies and intended as a general guide highlighting the legal issues connected with setting up a business in Estonia.
Prepared by a team of lawyers from MAQS Law Firm's Estonian office and produced in cooperation with the Swedish Trade Council in Estonia, the guide considers the various business vehicles companies may wish to set up in Estonia and aims to address some of the main considerations that may be of interest, such as staff, premises and intellectual property rights. The guide also deals with the regulatory and business framework, how profits and tax are treated. It also deals with insolvency and litigation matters.
The guide was first published in 2006 and the 5th edition, aiming to reflect the legal position as of January 1st, 2010, is available on line in Swedish and English languages.
Published monthly by:The Swedish Chamber of Commerce
in Estonia
Tallinn:
Stockholm:
Mostly Cloudy, 22 C
Partly Cloudy, 21 C 31.07.2010
EET:
CET: 18:08:49
17:08:49 Click for latest weather and actual time
Royal Members of the Swedish Chamber of Commerce in Estonia
Visit all our Members
www.swedishchamber.eeinfo[at]swedishchamber.ee
Tel: (+372) 501 9813
Changeover to the euro Estonia got the final and formal go ahead for joining the eurozone as ECOFIN – EU's Economic and Financial Affairs Council met Tuesday July 13th, 2010.
The euro will now become the legal tender in Estonia as per January 1st, 2011 and e-focus has taken a look at some of the practicalities connected to Estonia's changeover process to euro. Read more
Statistics and reports Summertime is peak season for the publishing of a long row of statistics and reports.
e-focus has harvested among the figures with a special focus on taxation, labour costs, price levels, inflation and economic freedom. All from an Estonian, Swedish, Baltic, Nordic and EU horizon. Read more
Baltic Sea Index In their June 30th Baltic Sea Report, Swedbank takes a look at the shape of the economies around the Baltic Sea and also introduces the new Baltic Sea Index.
Countries covered by the report include, in addition to Estonia and Sweden, Denmark, Finland, Germany, Latvia, Lithuania, Norway, Poland, Russia and Ukraine. Swedbank's new Baltic Sea Index is compiled from several indices, obtained from various sources, and then transferred into a ranking index for these 11 countries. Read more
EU's stress test on the banking system Nordea, SEB, Svenska Handelsbanken and Swedbank – the four major Swedish banks – got thumbs up in EU’s recent stress test on the banking system.
The exercise included a sample of 91 European banks, representing 65% of the European market in terms of total assets. Read more
The Swedish economy is developing strongly - The recovery in the world economy is continuing. Trade between countries is increasing and this benefits Swedish exports and Swedish investments, says Riksbanken, the Swedish Central Bank, commenting their July 1st repo rate raise to 0,5%.
The repo rate is the rate of interest at which banks can borrow or deposit funds at the Riksbank for a period of seven days and is an instrument for Riksbanken’s overriding objective to keep the annual change in the consumer price index at 2%. Read more
Estonia: Evaluating receivables from debtors under reorganization - Last year, the main new big question was how to evaluate the receivables from debtors for whom reorganization procedures have begun, but by now the successful reorganization practice has shown that receivables from debtors under reorganization should be evaluated similarly to receivables from bankrupt companies, says Mart Nõmper, Member of the Management Board and Sworn Auditor at Rödl & Partner Audit OÜ. Read more
The Nordic Ecolabel – gateway to the Nordic markets The Nordic ecolabel is a voluntary scheme for business. The label evaluates the product's impact on the environment throughout its whole lifecycle. Buying Ecolabeled products is one way to be a sustainable consumer and thereby preserve the natural habitat. Read more
How you Set Up Business in Estonia The 5th edition of the guide 'How you Set Up Business in Estonia' has now been published. The guide is aimed at companies and intended as a general guide highlighting the legal issues connected with setting up a business in Estonia.
Prepared by a team of lawyers from MAQS Law Firm's Estonian office and produced in cooperation with the Swedish Trade Council in Estonia, the guide considers the various business vehicles companies may wish to set up in Estonia and aims to address some of the main considerations that may be of interest, such as staff, premises and intellectual property rights. The guide also deals with the regulatory and business framework, how profits and tax are treated. It also deals with insolvency and litigation matters.
The guide was first published in 2006 and the 5th edition, aiming to reflect the legal position as of January 1st, 2010, is available on line in Swedish and English languages.