This week, the problems of Ossinovski real estate development, the big loss of a Russian-related company and TOP of tax debtors caught the attention of Äripäiv readers the most, but there were other hot topics.
“The whole attitude of the developer is abnormal,” said one home buyer who hoped to get the apartment as early as 2022, when the house was due to be completed. “The developer just doesn’t respond. After one of my demanding letters, he only said that you can give up the apartment,” said the client. “It’s all very disturbing, unpleasant and alarming,” he added.
A company connected to Russia made one of the biggest losses in the history of Estonia
Premcoal Baltic, an Estonian coal trading company, ended last year with a loss of nearly 90 million euros, participating in Russian coal supplies even after the sanctions were imposed.
In the best times, however, the profit of this company reached nearly 30 million, and the turnover at the same time reached 400 million euros. In its annual report, the company does not explain the huge loss in any way, only stating that it intends to continue its operations. This year, the company’s turnover decreased even more, amounting to only a few tens of thousands per quarter.
TOP of tax debtors. The bakery promises: we don’t throw the spoon in the corner
If the tax debt of companies has increased by almost half a million euros in a year, the number of debtors has fallen by as much as 3,500. However, with tax debt and persistent companies will fight the difficulties until the end – whether the result is sad or not.
For example, one of the owners of Mia Bakery, which has been struggling for several quarters, told Kaupo Kotka that the bakery’s main customers – other companies – are doing poorly, which is why the manufacturer of bakery products is also doing poorly. In addition, the Nõmme company also has a cafe where there are fewer visitors because people no longer spend too much money on eating out, Kotkas said.
“We are still trying to stay alive, there is no plan to throw the spoons in the corner yet,” he said.
Some of the businesses on the Pärnu road are disappearing. others flourish. “There is nothing to beautify here!”
“We are located like a ghetto. There is nothing to beautify here.” This is what an entrepreneur whose business is located on Pärnu road in Tallinn says. This same street in the capital has been in the shoes of an orphan for years, where businesses often change, and the reason for all this is actually quite simple, but at the same time complicated.
Beauty salon and product store Babor can be seen not far from Freedom Square. Its owner, Evelin Ainomäe, does not deny that if they could, they would have moved their business from this street.
“It could be that the door is moving. We are not a museum,” said Ainomäe and added that until the afternoon of that day, no customers had come in from the street.
A metal business that started with half a million goes bankrupt with a bang
Nordsteel, a young metalworking company that received a financial injection of half a million from the state during the corona pandemic, started with great courage, but fell flat a year later.
The company then passed into the hands of a new owner, Nordsteel’s former product manager Kuido Kasaku, who still wonders how his predecessors used up part of the grants from the Rural Development Foundation (MES) in one year.
Debts that he knew nothing about also surfaced. And although Kasak once again drowned the company in profit, the company, which came back to life for a while, steers the company into bankruptcy again and this time for good.
Jaak Martinson, the former owner of Nordsteel, is disturbed by the question of how the brand new company managed to trade more than half a million euros out of the country four years ago.
“Idud does not lend – they involve hundreds of millions from the first day. Then there is no problem that they are beginners. No problem – hundreds of millions are shoveled in and no one asks if they are destroyed in half a year,” he said.
You can read about the company’s journey to bankruptcy and the doubts that accompany it here.
Also listen to the program summarizing the week’s events “Business Day on Air”:
Fat people, young people and others were in the same situation as the pensioners
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Source: www.aripaev.ee
