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It’s said it takes years to build trust but just a moment to destroy it. The dictum should be taken especially seriously in the financial sector where big sums of money hang in the balance along with the trust of clients, partners and supervisory authorities.

Employees are the greatest asset of any company, upon which competitive advantage is built - but they are also one of the largest cost factors. Every business leader should think about on whether we are doing all we can, to preserve this investment and whether we are making the most of our employees' potential.

What do Mauritania, Kosovo, Moldova, Iraq, Kenya and Kyrgyzstan have in common? Answer: the e-Governance Academy has provided advisory services to them and tens of other countries in transition, helping local government institutions and NGOs efficiently develop electronic public services and make democratic processes better.

Bert Haabu, our audit assistant manager, successfully passed the sworn auditor exam in December 2022 and became a sworn auditor. Congratulations, Bert!

In the end of 2022, Grant Thornton Baltic received the Partner Excellence Award from its cooperation partner, the global business services provider ADP, for 15 years of excellent cooperation in payroll processing for ADP clients in the Baltic countries.

Grant Thornton Baltic's HR Advisory Manager Airi Neemre highlighted 10 topics that influence recruitment with the goal to provide best practice recommendations about how managers can help make the recruitment process more productive, successful and efficient.

This November, the Nasdaq Tallinn exchange’s alternative market First North started trading of the shares of the only Baltic pharmaceutical company J. Molner. Grant Thornton Baltic auditors had an important role in laying the groundwork for J. Molner’s market debut.

Tartu is nicknamed the city of good ideas. In Grant Thornton Baltic’s office in Tartu city centre there are not only good ideas but good specialists, satisfied customers and high-quality services.

Grant Thornton Baltic's transaction advisory team helped OÜ Rannu Seeme develop the conditions for the exit of the partner, including advising on the execution and formalization of the transaction.

Although salary isn’t unimportant if you want to attract talent, you need to offer opportunities for growth and think through the details of the recruitment process, using the services of an external expert if need be.

With everything else that is happening in the world, the pandemic era is starting to fade from memory. But remote working is here to stay. That is borne out by the new Occupational Healthcare and Safety Act that entered into force on 19 November 2022, which lays down a more specific framework for employee and employer responsibilities in remote work arrangements.

For Grant Thornton Baltic OÜ, the 2021/2022 season in Estonia was very successful - our turnover increased by 24% compared to the previous financial year. The impressive growth took us to the second place in the ranking of auditing companies compiled by business newspaper Äripäev.

If an employer gives an employee a share in the employer’s business or a company in the same group as the employer’s business at a discounted price or for free, this constitutes a fringe benefit.

In the spring and summer of 2022, Fourings OÜ, which brings together companies engaged in the sale and maintenance of Audis in Estonia, sold a 50 percent stake to the investment company UG Investments.

In August 2022, Grant Thornton Baltic concluded a financial and tax due diligence for an Estonian start-up company Qualitista.

Experts say that activity on the transactions market has returned to previous levels in contrast to the slump in the spring, but it should be remembered that more restrictive conditions are added to contracts in hard times.