Uudiste arhiiv

 

Estonian economy dropped less than expected in Q2

Swedbank

In the second quarter of 2020, Estonian economy dropped by 6.9% y/y in real terms and 8.4% in nominal terms. Seasonally and working day adjusted GDP dropped by 5.6% q/q. The result exceeded our expectations on the upside. In the

AS Tallinna Moekombinaat contests the ruling of the County Court regarding the reorganization plan

Pro Kapital

AS Tallinna Moekombinaat contests the ruling of the County Court with which the court decided to terminate the proceedings prematurely. On 3 April 2020, AS Pro Kapital Grupp (Pro Kapital) announced the initiation of reorganization proceedings of its subsidiary AS

Swedbank: Situation in the labour market has deteriorated in Estonia

Swedbank

 The unemployment rate increased moderately in the second quarter but has been stable since then. We expect the unemployment rate to reach around 8% this year and then decrease again next year.  According to Statistics Estonia, employment fell by 3.6%

Uus Maa: Estonian Real Estate Market review, June 2020Estonian Real Estate Market review, June 2020

Uus Maa

Regardless of the fact that there were holidays in the middle of a business week and in spite of the heat wave across Estonia, the number of real estate transactions continued to increase in June. According to the Land Board,

EfTEN Real Estate Fund III unaudited results for 2nd quarter and 1st half-year 2020

EfTEN Real Estate Fund

EfTEN Real Estate Fund III AS’s consolidated sales revenue for the second quarter of 2020 totaled 2.422 million euros (2nd quarter of 2019: 2.321 million euros), increasing by 4.4%. The sales revenue of the two properties acquired at the end

Bondholders of Baltic Horizon Fund approved the temporary amendment to the bond terms and conditions

Baltic Horizon Fund

Baltic Horizon Fund applied for temporary reduction of equity covenant in the terms and conditions of the Bonds (the Terms and Conditions) in relation to Baltic Horizon Fund EUR 50 million 5-year unsecured bonds maturing in 2023 (ISIN EE3300111467; the

Baltic Horizon Fund declares quarterly cash distribution of approx. EUR 1.70 million to investors

Baltic Horizon Fund

Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 1.14% of the Fund’s Q2 2020 weighted average net asset value to its unitholders. This equals to approx. EUR

Pro Kapital announces the merger of its subsidiaries in Lithuania

Pro Kapital

AS Pro Kapital Grupp informs its investors about the initiation of the merger of two subsidiaries, PK Invest Ltd and its wholly owned subsidiary PK Bonum Ltd. On 29 June 2020, the General Meetings of Shareholders of both companies decided

Net asset value of EfTEN Real Estate Fund III AS as of 30.06.2020 and preliminary financial results for the first half of the year

EfTEN Real Estate Fund III

The net asset value (NAV) of EfTEN Real Estate Fund III AS as of 30.06.2020 was 15.95 euros. The net asset value of the EPRA share (net book value excluding deferred income tax liability and fair value of interest rate

Baltic Horizon Fund requests for temporary amendment of the bond terms and conditions

Baltic Horizon Fund

Baltic Horizon Fund applies for temporary reduction of equity covenant in relation to Baltic Horizon Fund EUR 50 million 5-year unsecured bonds maturing in 2023 (ISIN EE3300111467). In the light of the COVID-19 outbreak and the associated effects on Baltic

Uus Maa: Estonian Real Estate Market review, May 2020

Uus Maa

The end of the emergency situation and lifting of many restrictions brought along a rise in the real estate market in May, as predicted and anticipated. According to the initial information, the rise was not as fast as predicted but

Baltic Horizon Fund – Notice of New Annual General Meeting

Baltic Horizon Fund

Annual General Meeting of Baltic Horizon Fund investors took place on 26 May 2020 in Tallinn, Estonia. As announced to the market on 26 May 2020, the quorum was not reached and investors were not able to adopt the proposed

Decision to issue non-convertible bonds by private placement

Pro Kapital

AS Pro Kapital Grupp (hereinafter Pro Kapital) informed on 22 May 2020 that the Supervisory Council of Pro Kapital has on 21 May 2020 decided to approve the issue of unsecured, callable, fixed rate non-convertible bonds by the Company (hereinafter

AS Tallinna Moekombinaat is submitting the reorganization plan for the court’s approval

Pro Kapital

On 3 April 2020, AS Pro Kapital Grupp (Pro Kapital) notified about the initiation of reorganization proceedings of its subsidiary, AS Tallinna Moekombinaat. On 7 May 2020, Pro Kapital announced that AS Tallinna Moekombinaat had submitted a reorganization plan for

Swedbank: Previously rapid wage growth stalls in Estonia this year

Swedbank

• Wage growth decelerated to 4.8%, over the year, in Q1. • Swedbank expects wages to grow by only 0.5% this year. Wage growth decelerated in the first quarter  Gross wage growth decelerated to 4.8%, over the year, in the

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