Centar

In 2018, there were 1466 bankruptcy petitions filed in Estonia, of which 67% were bankruptcy petitions of natural persons. However, only 644 bankruptcies were declared, of which 84% were natural persons. Nearly half of the bankruptcy petitions in Estonia end with an abatement of bankruptcy proceedings. The average bankruptcy procedure for a legal person lasts for 3.5 years and for a natural person for 1.2 years. On average, only 14% of claims of legal persons are satisfied through bankruptcy proceedings. In order to make the insolvency proceedings faster, more efficient and transparent, which in turn would increase the disbursements to obligees and improve the Estonian business climate, the Ministry of Justice carried out an insolvency law review.
The study analysed six possible regulatory changes proposed as a result of the insolvency review. The results were briefly summarised as follows.

European union member states try to learn from each other and this time Estonia shared knowledge and talked about renewed procedures on hiring qualified labour force. One of the most important changes in the procedures was the establishing of the so-called salary criterion which was used to check whether a person who wants to work in Estonia is high-productivity worker or not. In short, wage is the mirror of productivity and if person hired from abroad receives high salary then he or she must also have high productivity.

Modern technology has made it possible to perform tasks that in the past demanded presence in the office, to be comfortably performed from distance. It is fully conceivable that telework centres locating in rural areas curb the time spent on long trips to the office and create jobs for those, who can only work in local area. This research project deals mainly with the latter. The main research question was, what kind of services are suitable for telework centre with a focus on jobs that can be taught to local labour force that is currently unemployed.