Posts published in Day: May 1, 2021

Denmark prosecutor drops all former Danske CEO money laundering charges

Saturday, May 1, 2021

Danish prosecutors have dropped all money laundering charges against former Danske Bank CEO Thomas Borgen. Borgen headed up the bank at a time when one of the largest alleged money laundering cases came to light, centered on the bank’s now-defunct Tallinn branch. “We have dropped all charges against former chief executive Thomas Borgen, former chief financial officer Henrik Ramlau-Hansen and former head of international banking Lars Morch,” the Danish public…

Finance minister: By making cuts, we reduce pressure for tax hikes

Saturday, May 1, 2021

Cost-cutting in the Estonian state budget strategy for 2022-2025 is necessary to avoid tax increases in the future, Minister of Finance Keit Pentus-Rosimannus (Reform) said on the “Esimene stuudio” current affairs show of public ETV television Thursday night. “The state budget strategy in such form, containing also cost-cutting, is necessary first and foremost in order for us to have no pressure for tax hikes in the future,” Pentus-Rosimannus said. “Cost-cutting…

‘Relocation Guide to Latvia’ published

Saturday, May 1, 2021

The Latvian Investment and Development Agency (LIAA) has published what it calls a   “Relocation Guide to Latvia”, which features all the basics of moving to Latvia and everyday living for businesses and individuals alike. According to LIAA “‘Relocation Guide to Latvia’ is a material that helps investors, foreign professionals, and Latvian diaspora navigate through the process of moving to Latvia and integrate into the labor market and local culture and community.”…

Civil servant salaries increased more than average in 2020

Saturday, May 1, 2021

The average monthly salary of a civil servant in Estonia rose by 3.8 percent last year to €1,948 while the average salary rose by 2.9 percent. Secretary of State Taimar Peterkop had the highest salary at over €80,000. Secretary of State Taimar Peterkop had the highest total salary of €82,678 in 2020, statistics published by the Ministry of Finance show. This was followed by Egon Veermäe, director general of the Social Insurance…