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COVID-19 in Baltics Latvia and Lithuania: government support for businesses affected by COVID-19
Grant Thornton Baltic specialists give an overview of the most important decisions and measures concerning the current crisis taken in Latvia and Lithuania.
Crisis management Surety and loans from KredEx
To improve liquidity, KredEx has developed crisis measures. It should be remembered that a company intending to use KredEx measures should first contact their
Crisis management Managing your company liquidity and cash flow during a crisis
The COVID-19 pandemic is placing companies and their management teams in a challenging situation due to the lockdowns and state of emergency established around
Financial reporting Should the influence of the coronavirus be recognized in the 2019 financial statements?
The crisis caused by the coronavirus is coinciding with the peak season for preparing annual reports. It raises the question of whether and how aspects related
Labor law Who ensures that remote workers have a healthy working environment?
During the emergency situation in Estonia, many employers have allowed some or all their employees to work from home. Allowing people to work from home cuts
Tax Tax payments in emergency situation (as at 25.03.2020)
The government has approved a package of measures to mitigate the initial stage of the crisis caused by COVID-19. The measures also include paying taxes, e.g.
Reorganization Grant Thornton Baltic advises AS Baltika in reorganization proceedings
Grant Thornton Baltic advises AS Baltika in reorganization proceedings. Grant Thornton Baltic’s team consists of partner Artur Suits, head of financial
Legal Who and under what conditions receive unemployment benefit?
Temporary subsidies from the Unemployment Insurance Fund will be paid to those employees who are working under an employment contract and whose employers are
Labor law What can employers do to minimize losses from coronavirus?
Estonia declared a state of emergency (defined in national law as “emergency situation”) on 12 March 2020 and this affects the rights and responsibilities
Intellectual property How to protect copyright in employment relationships?
In simple terms, copyright is the right over intellectual property. Copyright is gained automatically and requires no separate registration or other completion
Generational change Estonian entrepreneurs are passing the torch to a new generation
Do companies take time out from everyday business operations for brainstorming on topics related to the company’s development and strategy, and if they do, how
Case study We evaluated Graanul Invest's factories in Estonia, Latvia and Lithuania
Graanul Invest OÜ is Europe’s largest pellet producer and one of the biggest renewable energy producers in the Baltic Sea region. Grant Thornton Baltic
Assurance 5 ideas for getting more benefits out of the work done by auditors
Auditors are like conspirators – people know they exist, but few understand what they are up to and why they are valuable. In general, the public hears about
Transaction advisory Important fact to remember when selling your shareholding in a company
In most countries, including Finland, Norway and Denmark, there are no form requirements for a sales contract of a share, yet Estonian law requires the
People and culture The workforce crisis not relenting: now is the time to recruit for tomorrow
Finding competent top-level specialists is getting harder, forcing companies to adapt on the employee-centred labour market and recruit already today for
Grant Thornton 2019 was the most successful year in recent times
Last year was a very successful one for Grant Thornton Baltic – total revenue in Estonia, Latvia and Lithuania grew by 15.1%, reaching 9.3 million euros. The
Accounting A reference for preparing annual reports
It’s again time to prepare for filing companies’ annual reports. We have summarised the process of preparing annual reports and give an overview of what
Labor law A pay raise for employees returning from childcare leave?
When it is time for the parent to return to work after childcare leave, they are entitled under the Employment Contracts Act to improved work conditions,