Digital Sputnik, a lighting solutions provider for the film and television industry that raised funds from well-known investors and financial platforms, has declared bankruptcy. This was reported by Delovye Vedomosti. Digital Sputnik, despite significant investments and fundraising through various platforms, has declared bankruptcy. The problems are related to the refusal of existing investors to finance new projects, difficulties with production and high costs. The head of the company, Kaur Kallas, noted that the business environment in Estonia no longer supports the production of competitive equipment and expressed regret about the current business conditions. Investors such as Jaak Roosaare also acknowledge the company's difficulties and doubt the prospects for its future investments. "Unfortunately, the business environment in Estonia is no longer conducive to the production of equipment," explained the head of the company, Kaur Kallas, who filed for bankruptcy in court. "It is no longer possible to produce competitive products here to sell them on the world market." Read RusDelfi wherever you like. Follow us on Facebook, Telegram, Instagram and even TikTok.
