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05.04.2019 China wants to invest €15 billion into the Tallinn-Helsin...
06.02.2019 Estonia is one of the least corrupt countries in the world ...
20.01.2019 Estonia to host the Bocuse d’Or Europe culinary competiti...
12.12.2018 David Beckham buys an Estonian-made sauna to keep warm
12.11.2018 Estonia to open an embassy in Abu Dhabi
09.05.2018 Helsinki-Tallinn: one tunnel, two projects
20.04.2018
27.03.2018 Estonian banks close foreigner accounts in wake of ABLV clo...
 
In the wake of the closure of ABLV Bank in Latvia and alleged money laundering via the Estonian branch of Danske Bank, lenders in Estonia are closing the accounts of foreigners, but this threatens the country’s successful e-Residency programme aimed at attracting foreign investors. Estonian public broadcaster ERR reports that for the past year and a half, non-residents have been faced with the issue of banks refusing to open accounts for them in Estonia with banks’ arguing that the fees earned on non-residents do not cover the costs involved in supervising them. «According to my information, one small Estonian bank has closed 1,000 bank accounts in recent months,» Estonian-based business consultant Ron Luvištšuk has said in an interview with the ERR. «This means that large banks may have closed 5,000 to 10,000 accounts. And they are not only closing the accounts of non-residents from third countries, but also those of EU citizens. Banks are afraid». Offering non-EU businesspeople easier access to the single market, Estonia’s e-Residency programme now involves close to 30,000 e-residents in 143 countries worldwide.
09.03.2018 Driven by wood products, Estonian industrial production gro...
18.02.2018 Changes to third-country student residence in Estonia to ad...
28.01.2018 Estonian small house KODA: Bold. Mobile. Convincing. Optima...
09.01.2018 Estonia’s Taxify: A licence (not) to drive
12.10.2017 e-Estonia stand at Nordic Business Forum 2016
07.09.2017 Estonia Is Increasing Its Visibility in Southeast Asia
20.04.2017 Number of online purchases made per day in Estonia doubles ...
 
 
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