Nordea may sell its Baltic business ({{commentsTotal}})

Nordea Bank AB had decided to sell its Baltic branch and was looking for a buyer, business paper Äripäev reported on Monday, quoting several independent sources.

According to information available to Äripäev (link in Estonian), preparations are underway to sell off the Nordic bank’s Baltic branch in the near future. The paper’s sources see Estonia’s LHV Bank or the British HSBC as potential buyers.

Asked for comment, Nordea stated that as a stock quoted company they couldn’t comment on speculations and hearsay.

Nordea’s profit in the Baltic States recently amounted to €91m, which is more than three times as much as they made in the preceding year. The improved reported profits could be an attempt to make the Baltic branch more attractive to a potential buyer. Nordea’s Baltic business is worth an estimated €1bn.

Editor: Editor: Dario Cavegn

Easter Monday a public holiday? But you're forgetting productionEaster Monday a public holiday? But you're forgetting production
Estonia’s Easter Monday time loop: Discussing an additional day off

Every year, Estonia reliably asks itself the question whether or not Easter Monday should be made a public holiday. Opinions differ. While one side emphasizes the importance of family time, the other thinks an additional day off would threaten economic growth.

Minister of Social Protection Kaia Iva (IRL).Minister of Social Protection Kaia Iva (IRL).
Samost: Kaia Iva’s charisma could help IRL out of long-term low

In Sunday’s “Samost ja Rumm” radio debate show, editor-in-chief of ERR’s online news, Anvar Samost, and journalist and former politician Hannes Rumm discussed the potential and actual candidates for the chairmanship of the Pro Patria and Res Publica Union (IRL). At the time of the broadcast, Helir-Valdor Seeder had not yet made his intention to run public.