Uudiste arhiiv

 

Merko: 2023 9 months and III quarter consolidated unaudited interim report

Merko

COMMENTARY FROM MANAGEMENT Q3 2023 revenue for Merko Ehitus was EUR 122 million and for the nine months was EUR 340 million. Net profit in Q3 was EUR 12.7 million and net profit for the nine months increased to EUR…

Nordecon: 2023 III quarter and 9 months consolidated interim report (unaudited)

Nordecon

Economic environment The rapid changes in the construction market due to the economic environment have continued, complicating the growth plans of companies and other related industries in the sector, and limiting their courage to act. Coping with difficult circumstances and…

EfTEN: EfTEN Real Estate Fund AS unaudited results for 3nd quarter and 9 months 2023

EfTEN Real Estate Fund

The increase in interest rates, which has been the main factor influencing the real estate sector over the past year, showed the first signs of stabilisation in the third quarter of 2023. Over three months, the EURIBOR, used as the…

Merko: Launch of the second stage of Mežpilsēta residential project (Riga, Latvia)

231012 Mezpilseta korteriarendusprojekti teise etapi kaivitamine Riia Lati 1

SIA Merks Mājas, part of AS Merko Ehitus group, has launched the second stage of Mežpilsēta residential project in Mežciems area in Riga. One six-storey building with 47 apartments at Hipokrāta St. 18 will be completed at the end of…

Roo Prisma sai esimese supermarketina Baltimaades maineka LEED sertifikaadi

Millerhawk

Kinnisvaraarendusega tegeleva ettevõtja Marko Kulli firmale Millerhawk kuulub Harku järve ääres 1-korruseline kaubandushoone, kus peamiseks üürnikuks on Prisma. Prisma hoone sai esimese supermarketina nii Eestis kui ka terves Baltikumis LEED sertifikaadi. „Baltimaades on sertifitseeritud või sertifitseerimisel kokku 90 hoonet. Samas…

Swedbank: Rates have peaked, cuts on the horizon

Swedbank

All key interest rates increased by another 25 basis points, to record high levels We maintain our forecast that this was the last rate increase in the current hiking cycle As we have expected, today the Governing Council has delivered…

Hepsor: Hepsor P113 OÜ, an affiliate of Hepsor AS, terminated a lease agreement

Hepsor

Hepsor P113 OÜ, an affiliate of Hepsor AS with a 45% shareholding, terminated the lease agreement with Novel Clinic Assets OÜ. Hepsor P113 OÜ owns a commercial building with a leasable area of ca 4,000 m2 in Tallinn, at Pärnu…

Swedbank: Estonian economy has contracted six quarters in a row

Swedbank

In Q2, Estonian GDP declined 2.9% y/y (non-adjusted) and 0.2% q/q (swda). GDP has contracted 3.3% in real terms in 1H 2023. The GDP decline has receded gradually, while the largest contraction remained in 4Q 2022. We forecast 2% GDP…

Nordecon: Construction contract (Pirni 7/2 commercial building)

Nordecon

AS Nordecon group company Embach Ehitus OÜ and Eesti Talleks AS signed a contract for the construction of the commercial building on Pirni 7/2 in Tallinn. The first floor of the four-story building with a closed net area of 2,254…

Nordecon: 2023 II quarter and 6 months consolidated interim report (unaudited)

Nordecon

The dynamics of the construction market reflect the ongoing economic downturn and uncertainty about the future. Although the increase in the construction price index slowed in the second quarter of this year and the construction price index fell by 0.5%…

EfTEN Real Estate Fund AS unaudited results for 2nd quarter and 6 months 2023

EfTEN Real Estate Fund

The upward trend in interest rates, which started in mid-2022, continued in the first half of 2023. Within the euro area, including the Baltic countries, loans are based on the EURIBOR. Over the past six months, depending on the duration,…

Hepsor AS consolidated unaudited interim report for Q2 2023 and 6 months

hepsor 3

Hepsor’s consolidated sales revenue for the second quarter of 2023 amounted to 14.6 million euros and net profit was 3.5 million euros (incl. the share owned by the parent company was 1.6 million euros). The consolidated sales revenue for the…

Baltic Horizon Fund has published its Annual ESG report 2022

baltic horizon fund

Baltic Horizon Fund today announces the release of its Annual ESG report 2022. Baltic Horizon launched its ESG strategy in 2019, and in the subsequent years, despite a challenging economic environment, the fund has increased its level of ambition, aligning…

Swedbank: Stability and Sustainability – Baltic and Swedish economies in doldrums

Swedbank

Sweden: Economic growth has weakened Baltics: Insufficient demand and falling inflation Risks: Even weaker demand, higher unemployment, geopolitical pressures, deglobalisation Sustainability: Continued improvements are needed Swedish economy showed more resilience than expected in the first quarter, although a substantial positive…

Swedbank: Wage growth accelerated in Estonia

Swedbank

The average wage growth accelerated to 13.3% in the first quarter from 12.1% in the fourth quarter. Wage growth was rapid and broad-based despite difficult economic times. Wage growth accelerated due to a significant increase in public sector wages, especially…