On September 15, 2025, Hepsor Jugla SIA, a company belonging to the Hepsor AS Group, and construction company Mitt&Perlebach SIA signed a construction contract, with a total value of 8.2 million euros (excluding VAT). The contract was signed for the…
SIA Merko mājas, part of AS Merko Ehitus group, has launched the third stage of Mežpilsēta residential project in Mežciems area in Riga. A six-storey building with 53 apartments at Hipokrāta St. 16 is set to be completed at the…
Scope Ratings GmbH has affirmed its BB/Stable issuer rating for Summus Capital OÜ and maintained the senior unsecured debt rating of BB. The affirmation by Scope reflects Summus’ solid operating performance and successful expansion into Poland. Summus Capital’s balanced, high-quality…
Northern Horizon Capital AS, the management company of Baltic Horizon Fund, hereby notifies that management company’s current sole shareholder Northern Horizon A/S (registered in Denmark under register number 27599397) has signed a contract to sell all its 12,500 shares in…
COMMENTARY FROM MANAGEMENT Merko Ehitus generated revenue of EUR 83 million in the second quarter of 2025 and EUR 168 million in the first half of the year. Net profit for Q2 amounted to EUR 11.2 million, while net profit…
Start of construction works on the Blue Marine and establishment of subsidiaries in Latvia AS Pro Kapital Grupp announces the start of construction works of the Blue Marine residential building – the next phase in the development of the prestigious…
On 28 July 2025, AS Merko Ehitus Eesti, part of the AS Merko Ehitus group, and Brackmann Arendus OÜ signed a design-and-build contract for the construction of a hotel and entertainment and conference centre in Pärnu at Ranna pst 7…
Aktsiaselts Infortar acquired 10% of the shares in OÜ INF Saue from Lumi Partners JV1 OÜ. Following the transaction, Aktsiaselts Infortar holds 100% of the shares in OÜ INF Saue. The area of activity of OÜ INF Saue is the…
On July 9, 2025, Hepsor Phoenix 4 OÜ, a subsidiary of Hepsor AS, and the construction company Mitt & Perlebach OÜ signed a contract for the construction of the development project named M12, located at Manufaktuuri 12 in Tallinn. The…
On 19 June 2025, Hepsor Latvia OÜ, a subsidiary of Hepsor AS, and INTH Vara OÜ (hereinafter Perton) signed a shareholder agreement to start the construction of a 13-storey residential building at Dzelzavas iela 74C, in Riga. According to the…
The ECB cut all main interest rates and revised down inflation forecast We maintain our forecast that the ECB will cut rates two more times this year – in September and December As expected, The Governing Council decided today to…
The ECB staff is likely to revise its inflation forecast downward After another 25-basis point cut the ECB is likely to pause, but will resume easing in September In May, manufacturing PMIs remained largely unchanged and still slightly below 50,…
OÜ Merko Kodud, part of the AS Merko Ehitus group, has decided to proceed with the construction of the above-ground volumes of next phase of the Lahekalda apartment development project located on the Maarjamäe limestone clint in Tallinn. Within the…
The Supervisory Board of Hepsor AS has elected Martti Krass, the current Latvian Country Manager, as a new member of the Management Board of Hepsor AS (hereinafter Hepsor), who will take office on 1 August 2025 with a five-year mandate.…
Macroeconomic indicators give reason to believe that the decline in the Estonian construction market has halted and that the market is stabilizing. The Infrastructure segment is also supported this year by the volume of work related to Rail Baltica, while…
