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…
GROUP CEO’S REVIEW The decrease in activity of the real estate sector following the surge in Vitamin D has now become the norm, which is well illustrated by the Q2 results of Arco Vara. At that, the slight drop in…
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 2 July 2024 in Tallinn, Estonia. As announced to the market on 2…
Arco Vara nõukogu valis Arco Vara AS-i uueks juhatajaks Kristina Mustoneni. Vastavalt nõukogu otsusele algavad Kristina Mustoneni volitused 15. juulist 2024 ning kehtivad neli aastat. Kristina Mustonen on omandanud Estonian Business Schoolis magistrikraadi ärijuhtimise erialal. Ta töötas Maxima Eestis aastatel…
The Supervisory Board of Arco Vara has appointed Kristina Mustonen as the new manager of Arco Vara AS. According to the decision of the Supervisory Board, Kristina Mustonen’s authority will take effect on July 15 2024 and will be valid…
AS Nordecon kontserni ettevõtte Tariston AS ja OÜ Rail Baltic Estonia sõlmisid ehituse töövõtulepingu Rail Baltica Raplamaa põhitrassi raudteetaristu III etapi ehitustöödeks lõigul Hagudi-Alu. Tööde käigus rajatakse kokku 7 kilomeetrit raudtee muldkeha, kaks loomatunnelit, Alu jalakäijate tunnel, lisaks juurdepääsuteed ja…
AS Nordecon group company Tariston AS and OÜ Rail Baltic Estonia signed a contract for the construction works of the III stage of the Raplamaa railway line infrastructure of Rail Baltica on the Hagudi-Alu section. During the works, a total…
Muinsuskaitseamet koostöös Kultuuriministeeriumi ja Tallinna linnaga on ette valmistanud UNESCO nõuetest tuleneva kohustusliku pärandimõju hinnangu koostamise Estonia teatri planeeritavale juurdeehitusele. Selle käigus analüüsitakse võimaliku arendustegevuse mõju Tallinna vanalinna kui UNESCO maailmapärandi paiga väärtustele. Pärandimõju hinnangu tulemuseks on hinnang Rahvusooper Estonia…
Estonian household consumption has been declining since the second half of 2022 and is still falling; however, real wages started to grow in the second half of 2023. Meanwhile, household confidence is at the level last seen during the Global…
