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Latvia and Lithuania: government support for businesses affected by COVID-19
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.
30 Mar 2020
Surety and loans from KredEx
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 home bank. Grant Thornton Baltic legal manager Kärolin Rohumäe explains what companies should do to be able to apply for the KredEx crisis packages.
30 Mar 2020
Managing your company liquidity and cash flow during a crisis
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 the world. One of the most critical areas is managing the companies’ cash flows and decisions to maintain liquidity. Mikk Mägi, head of financial advisory in Grant Thornton Baltic, gives advice what should be a priority for the companies during the crisis.
29 Mar 2020
Who ensures that remote workers have a healthy working environment?
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 the risk of contracting the virus, but also raises the question of who is responsible for providing a safe and healthy work environment for the employee. Kärolin Rohumäe, Grant Thornton Baltic's legal adviser, explains in more detail.
29 Mar 2020
Should the influence of the coronavirus be recognized in the 2019 financial statements?
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 to the coronavirus be recognized in the 2019 financial statements and if so, how? Grant Thornton Baltic partner Mart Nõmper gives instructions in his article.
Mart Nõmper
Mart Nõmper
| 29 Mar 2020
Grant Thornton Baltic advises AS Baltika in reorganization proceedings
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 advisory Mikk Mägi and financial and business advisory manager Ants Ansper.
26 Mar 2020
Who and under what conditions receive unemployment benefit?
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 significantly impacted by the current extraordinary circumstances. Grant Thornton Baltic advisors can help you assess whether your company qualifies for this measure, draw up the staff documents necessary to apply for the subsidy and assess the necessity and scope of applying for the subsidy.
25 Mar 2020
What can employers do to minimize losses from coronavirus?
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 arising from employment relationships. What steps can an employer take to slow the spread of the virus while keeping the work processes flowing, and what are an employee’s rights to refuse to come to work? Grant Thornton Baltic specialists Kristel Tiits and Lee Laanemäe give overview and suggestions on how to best deal with the current situation.
Kristel Tiits
Kristel Tiits
| 18 Mar 2020