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…
• 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…
AS Pro Kapital Grupp (hereinafter Pro kapital) hereby informs 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 (hereinafter the Bonds). The Management Board of…
• Labour market figures were still strong before the crisis. • Data has deteriorated rapidly since March. Corona crisis did not affect Q1 data Q1 labour market survey was carried out between January and March, i.e. before the crisis hit.…
AS Pro Kapital Grupp has notified about the initiation of reorganization proceedings of its subsidiary AS Tallinna Moekombinaat by the ruling of the Harju County Court issued on 3 April 2020. In connection with the reorganization proceedings of AS Tallinna…
Northern Horizon Capital AS invites Baltic Horizon Fund unit-holders to attend an annual General Meeting on 26 May 2020 at 15:00 (EET, local Estonian time) at the office of Northern Horizon Capital AS at Tornimäe 2, 24th floor, 10145 Tallinn,…
Dear shareholder of AS Pro Kapital Grupp, We announce that the Management Board is calling for the annual general meeting of AS Pro Kapital Grupp (registration code 10278802, located at Sõjakooli 11 Tallinn Republic of Estonia) (hereinafter the Company) shareholders…
Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 1.12% of the Fund’s Q1 2020 weighted average net asset value to its unitholders. This equals to approx. EUR 1.70…
The overview of real estate market in March cannot escape the topic of coronavirus COVID-19 outbreak which started to influence the market considerably from the second half of the month. Estonian Real Estate Market in March 2020 As the majority of transactions…
• Annual inflation reached 0.9% in March in Estonia. • In 2020, we expect inflation to amount to 0.8%, or even 0.4%, if we include lower excise taxes proposed by the government. Compared to February, consumer prices declined by 0.7%.…
On 31 March 2020 the owner and operator of T1 Mall of Tallinn shopping centre, AS Tallinna Moekombinaat (TMK, a group subsidiary of AS Pro Kapital Grupp), submitted an application to Harju County Court for commencement of reorganisation proceedings with…
Northern Horizon Capital AS, the management company of Baltic Horizon Fund, will be implementing a number of relief initiatives focused on alleviating the financial hardship of the most vulnerable group of SME tenants, primarily in the retail sector, whose operations…
In response to COVID-19 outbreak, Northern Horizon Capital AS, the management company of Baltic Horizon Fund (the Fund) has taken assertive action to manage the risks arising from the pandemic and to protect the health and safety of the public,…
Wage growth remained relatively rapid and broad-based in the fourth quarter. Statistics Estonia’s wage data showed a slowdown in the annual growth rate of the full-time-equivalent average gross wage (+6.4%, over the year) in Q4 2019, mostly due to a…
In 2019, Estonian GDP growth was 4.3% y/y in real terms and 7.7% y/y in nominal terms. Although, the growth slowed from previous year, it was still strong and exceeded our expectations – our forecast, published in January, was 3.7%.…
