The main business activity of Trigon Property Development AS is real estate development. As at 30.06.2024, AS Trigon Property Development owned one development project with an area of 14.2 hectares in the City of Pärnu, Estonia. A commercial, industrial and…
Kaamos laiendab oma nõukogu liikmete ringi, kaasates mitmeid uusi liikmeid, kes toovad ettevõttesse värsket perspektiivi ja laialdast kogemust. „Nõukogu laiendamise otsus sündis pikaajaliste arutelude järel, mille peamiseks eesmärgiks oli saada värsket perspektiivi, kaasamõtlemist ja ideid tuleviku suundade osas, eriti innovatsiooni,…
The divergent development across countries and sectors has continued this year. Boosted by household consumption, the US economy has grown at a solid pace so far this year, albeit somewhat slower than in 2023. Following a longer period of stagnation,…
26. augustil 2024 sõlmisid AS Merko Ehitus kontserni kuuluv AS Merko Ehitus Eesti ja GRK Eesti AS ning OÜ Rail Baltic Estonia projekteerimis- ja ehituslepingu Rail Baltica Harjumaa põhitrassi raudteetaristu neljanda etapi rajamiseks Sakust Harjumaa piirini. Lepingu mahus valmib ligikaudu…
On 26 August 2024, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and GRK Eesti AS signed a design and construction contract with OÜ Rail Baltic Estonia for the construction of the fourth stage of Rail Baltica Harjumaa…
The former CEO of Arco Vara AS, Miko-Ove Niinemäe, is leaving the Arco Vara group on 31.08.2024 and is no longer a member of the board of the group’s Estonian companies. As of September 1, 2024, Arco Vara AS’ new…
Housing affordability improved in Tallinn and Vilnius, while remained nearly unchanged in Riga. The ECB cut its interest rates by 25 basis points in June; further cuts will continue supporting affordability. As expected, the ECB cut its interest rates in…
Nordecon AS and its subsidiary Embach Ehitus OÜ as joint bidders and Loodusspaahotell OÜ have signed a general construction contract for the construction of the Uusküla spa hotel in Alutaguse municipality. The nature spa hotel, designed to blend into the…
People’s willingness to work has reached record-highs. Rapidly rising prices motivate people to look for additional income. The participation rate, i.e., the share of people who are either employed or are actively looking for a job, rose to 75.4% of…
Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the six months of 2024. Our strategic ambitions Over the past year, our focus has been on reshaping our strategy to…
In the first half of 2024, the construction market has experienced increasingly intense competition. Public sector orders remain low, and the pre-construction process in the private sector continues to be very lengthy. Analysts’ forecasts for economic growth in the coming…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue for the 6 months of 2024 was EUR 204 million and net profit was EUR 17.5 million. Second-quarter revenue was EUR 122 million; net profit, EUR 13.1 million. The lower volumes from real estate…
A repeat extraordinary general meeting (hereinafter the “General Meeting”) of Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) took place on 6 August 2024 in Tallinn, Estonia. The repeat meeting was convened…
AS Merko Ehitus adjusts the structure of the group with the aim of making the country-based management more effective and strengthening the focus on core activities, i.e. the provision of construction services and real estate development. On 1 August 2024…
Although there were no huge positive development leaps in the operating environment, there were still some signs of renewed optimism in the residential property market during the quarter. During the second quarter, we signed 47 contracts under the law of…
