Emergency situations should not completely paralyze business and transactions - business activity and transactions are essential to keep the economy alive. It may be that the transaction has been agreed long before the emergency situation was declared and that the parties do not wish to delay it. Thus, transactions must not become impossible and it is evident that notaries are adapting rapidly to the emergency situation.
On 12 March 2020, the first meeting of creditors of the insolvent PNB bank was held, at which decisions were made determining the further course of the insolvency proceedings.
To grant an income for the employees and help employers to overcome temporary difficulties, the government has entered into force a regulation introducing a temporary salary compensation paid through the Unemployment Insurance Fund on March 23, 2020.
Foreigners who have a legal basis for staying in Estonia as of March 12, 2020, and who are registered with the Police and Border Guard Board (PBGB) can continue to work here. The prerequisite for this is that they have an employer in Estonia who so wishes and who re-registers their short-term employment with the Police and Border Guard Board.