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Payroll service Grant Thornton Baltic's payroll service received an international award
Grant Thornton Baltic is proud to be a local payroll partner of ADP in Baltic countries and been named as one of the winners for the 2018 Partner Excellence Award.
14 Jan 2019
Why manage people instead of money and financial results?
Leadership and coaching Why manage people instead of money and financial results?
It is extremely important for managers to pursue self-improvement. As the saying goes: a fish starts rotting from the head. Unfortunately, managerial culture in Estonia is not at a level we can be satisfied with. We have many companies where money and financial results are managed but where the people are not. Actually, instead of money and results, it’s people who should be managed. If so, the good results will not be long in coming.
11 Dec 2018
How to acquire a company so you won’t regret it later?
Mergers and aquisitions How to acquire a company so you won’t regret it later?
This year, a number of large-scale purchase and sale transactions have provided much fodder for discussion in the media – Nelja Energia, Luminor and Utilitas are three examples. The large transactions always stand out, but this year has seen many mid-sized and small company acquisitions as well.
10 Dec 2018
United Motors to acquire Peugeot and Hyundai distributor
Case Study United Motors to acquire Peugeot and Hyundai distributor
United Motors has purchased the distributor of Peugeot and Hyundai in Estonia. Grant Thornton Baltic provided advisory services for the transaction.
10 Dec 2018
Is your company managed based on a competitive strategy?
Leadership Is your company managed based on a competitive strategy?
According to Michael Porter, whose book Competitive Strategy is one of the most highly regarded works on management, a company develops a competitive advantage over its rivals when it purposefully differentiates activities from others in order to create unique value.
28 Nov 2018
Obligation to disclose data regarding beneficial owners
Money Laundering and Terrorism Financing Prevention Act Obligation to disclose data regarding beneficial owners
From the 1st of September 2018, all Estonian companies will be required to submit data on their beneficial owners to the Commercial Register of Estonia.
Kristel Tiits
Kristel Tiits
| 16 Aug 2018
Business
Business
Entrepreneurs believe the hard times are past and increasing turnover and profit will also lead many countries’ economic growth to faster recovery. A survey conducted by tax and business advisory firm Grant Thornton among business people in 36 countries found that business optimism is at a two-year high.
20 Apr 2018
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Case study Military vehicle maintenance company was sold to the Finns
In October, a Finnish company acquired the majority shareholding in the Milrem LCM OÜ, a company that provides maintenance and repair work for Estonian Defence Forces armoured vehicles and other military vehicles.
16 Oct 2017
Estonian BMW dealership changed hands
Case study Estonian BMW dealership changed hands
Grant Thornton Baltic advised the sale of AS United Motors vehicles retail business in Estonia. BMW and KIA vehicles retail business, vehicle parts and accessories retail business, maintenance and repair of motor vehicles in Tallinn, Tartu, Pärnu and Kohtla-Järve were sold to Inchcape Motors Estonia OÜ. GTB advised the seller AS United Motors on legal, financial and tax due diligence performed by the buyer, and carrying out the transaction. GTB had a remarkable role in negotiating the terms and price of the transaction.
16 Jun 2017
Attention, management board members
Health insurance Attention, management board members
Starting this year, some important changes to the health insurance system took force, and thus those serving as management board members and working on the basis of contracts under the law of obligations (authorisation agreements, contracts for services etc) should pay attention to the issues relating to activation and suspension of health insurance coverage.
Kristel Tiits
Kristel Tiits
| 13 May 2016
Management board member agreements and employment contracts
Labour law Management board member agreements and employment contracts
Management board member agreements and employment contracts
Kristel Tiits
Kristel Tiits
| 11 May 2016
Protection of business secrets
Business secrets Protection of business secrets
Compared to agreements on competition restrictions, the obligation to keep business secrets has not been dealt with as widely, yet it needs significantly more coverage. In this article, the author deals with the various nuances related to business secrets, defines business secret and discusses why keeping business secrets is important for every company.
Kristel Tiits
Kristel Tiits
| 04 Aug 2015
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Companies' equity Commercial register scrutinises companies' equity
Financial year 2014 is coming to and end and it is time to start thinking about filing annual reports to the Commercial Register. Businesses should be aware that the Commercial Register is devoting increased attention to whether companies’ equity meets legislative requirements.
09 Jun 2015
The digital e-residency card - for whom, why and how?
Digital e-residency card The digital e-residency card - for whom, why and how?
Estonia is the first country in the world to establish a digital ID system where any foreign national can apply for an electronic identity in Estonia. This is a unique solution anywhere in the world and will allow foreigners to use many of Estonia’s e-services anywhere in the world.
02 Jun 2015