Latest research

ASSESSMENT OF IMPACT OF CHANGES IN BANKRUPTCY LAW

Riigikantselei strateegiabüroo
2019

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.

EXPERT OPINION ON RENEWED PROCEDURES IN ESTONIA FOR BRINGING IN HIGHLY QUALIFIED FOREIGN LABOUR – DRAFTING OF THE ESTONIAN REPORT

GHK Consulting
2011

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.

COST-BENEFIT ANALYSIS OF RENEWING THE ROLLING STOCK OF ELEKTRIRAUDTEE

Elektriraudtee
2008

The aim of the project was to assess the costs and benefits of renewing the rolling stock of Elektriraudtee (passenger transport service provider in capital region).