COBALT

Does the State plan to keep special support measures in the field of taxation for taxpayers after the end of emergency situation? Yes, on 10 June 2020 the Law on Overcoming the Consequences of the Spread of Covid-19 Infection came into force, by which, inter alia, the following measures are maintained. in accordance with the Regulation of the Cabinet of Ministers tax payers can ask to defer or split into installments accrued and current tax payments for a period up to 3 years, without paying late payment interest. Taxpayers must submit a respective application within 15 days from the due tax payment term...

In March, the Estonian Government decided to implement first steps to help the employers in order to avoid lay-offs and introduced also few other reliefs to support the companies. Below you can find summaries of these measures. Relief measures for employers Compensation of salary The Estonian Government approved the relief measures for the employees subject to salary cut...

Admicom Oyj’s subsidiary Tocoman Oy has signed an agreement to acquire Estonian IT company Bauhub OÜ, a developer of SaaS workspace for construction project management.“I’m thrilled that Admicom has acquired a unifying element to our offering that enables a substantial leap towards our vision of becoming a leading partner in European construction software ecosystem. Our market leading project management solutions will be unified through Bauhub into one comprehensive and modular suite. For our customers this creates end-to-end control and visibility to construction projects on a whole new level...

COBALT is proud to have been part of one of the largest renewable energy financing transactions in Estonia. Together with Watson Farley & Williams (Germany), COBALT financing and real estate teams acted for NORD/LB, one of Germany’s leading commercial banks and Swedbank Estonia, the largest bank in Estonia, in connection with providing an 87 MEUR financing to Aidu Wind Park OÜ for development of 67.5 megawatts (MW) of the 75 MW Aidu wind farm in Estonia. The carbon-free electricity generated by the wind farm can meet the energy needs of more than 40,000 households...