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Business plan as the backbone of the company
Business advisory Business plan as the backbone of the company
There are different reasons for drawing up a business plan and the target groups can vary as well. Detailed business plans are compiled when starting a business or expanding it, entering the market with new services or products and raising capital from investors or lenders to execute your strategies. Grant Thornton Baltic financial advisers Mikk Mägi and Raili Ilves write about the importance of business plan and what are the key points in the plan.
22 May 2020
Legal The debtors are not obliged to submit bankruptcy petitions in the coming months
The amendment of Bankruptcy Act entered into force, where the commencement of the term of the obligation to submit bankruptcy petition shall be suspended for the time of emergency situation due to coronavirus and two months thereafter. Aet Sallaste, head of legal services in Grant Thornton Baltic explains who are concerned by the amendment of the Bankruptcy Act.
20 May 2020
Kai Paalberg Grant Thornton Baltic
Crisis management How to use a crisis situation to improve risk management?
In a crisis, companies need to be able to respond quickly to change and to meet the needs of their employees, customers and partners, while managing the company's financial and operational challenges. Grant Thornton Baltic's Chief Internal Auditor Kai Paalberg names 5 top priorities that all companies should concentrate on when dealing with the crisis management.
Kai Paalberg
Kai Paalberg
| 07 May 2020
Entrepreneur's plan B: re-establishing business through reorganization
Crisis management Entrepreneur's plan B: re-establishing business through reorganization
Reorganization is being used to help a company that has temporarily become insolvent, for example due to the current pandemic and crisis. It is important to emphasize that a company can be reorganized if the business model is sustainable, and the difficulties are temporary. Grant Thornton Baltic partner Artur Suits opens the subject further in his interview.
05 May 2020
How to organize a general meeting of shareholders regarding to COVID-19?
Legal How to organize a general meeting of shareholders regarding to COVID-19?
Only a few companies have included an option of a virtual shareholders’ general meeting – e.g. using an instant messaging service or electronic voting application. Grant Thornton Baltic legal manager Kristel Tiits explains how to rectify this situation.
Kristel Tiits
Kristel Tiits
| 28 Apr 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
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
Estonian entrepreneurs are passing the torch to a new generation
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 frequently?
12 Mar 2020
Graanul Invest hindamine Grant Thornton Baltic
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 conducted a valuation of the assets of Graanul Invest OÜ, which are pledged to Luminor Bank AS, i.e. property together with pellet factories and energy co-generation plants in Estonia, Latvia and Lithuania.
12 Mar 2020
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
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 tomorrow, stated the Äripäev (daily business newspaper) produced radio programme “Kasvukursil”.
17 Feb 2020
A pay raise for employees returning from childcare leave?
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, including a pay raise, if conditions and salary level have improved for other employees in the meantime. Is the returning employee on par with others?
Kristel Tiits
Kristel Tiits
| 03 Feb 2020
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Agriculture Alongside optimism, possible dangers also lurk for farmers
Though analysts consider the agricultural sector as having high potential for the next year, their optimism doesn’t always pan out. Farmers have to expend effort and cooperate to overcome challenges, as a radio programme produced by the Äripäev business daily, “Kasvukursil” revealed.
30 Jan 2020
Transaction advisory: Balti Spoon OÜ acquires Polish veneer factory
Case study Transaction advisory: Balti Spoon OÜ acquires Polish veneer factory
Grant Thornton Baltic advised Balti Spoon OÜ, one of the world's leading manufacturers of peeled and sliced veneer, on the acquisition of a Polish company Bracia Mrozik Sp. z o.o.
20 Mar 2019