In Q1 2024, GDP dropped 2.1% y/y in real terms and was slightly lower than in Q4 (swda), according to the flash estimate of Statistics Estonia. Thus, economic recession continued in Estonia in Q1, while the decline has slowed. Economic…
The council of Nordecon AS has adopted a decision to appoint Maret Tambek as the chairman of the company’s management board from 01 May 2024 with the term of office of three years. From 08 January 2024, Maret Tambek acted…
OÜ Merko Kodud, part of AS Merko Ehitus group, has decided to launch the construction of the sixth stage of the Uus-Veerenni residential development project in the city centre of Tallinn. As part of this, an apartment building with a…
The management board of Hepsor AS (registry code 12099216, address Järvevana 7b, 10112 Tallinn) calls the annual general meeting of the shareholders to be held on Thursday, 23 May 2024 at 11:00 in hotel Mövenpick conference center, Lembitu 12, Tallinn.…
We announce that the Management Board is calling for the annual general meeting of the shareholder of AS Pro Kapital Grupp (registration code 10278802, located at Sõjakooli 11, Tallinn, Republic of Estonia; hereinafter the Company), which shall take place on…
Nordecon AS and AS Tallinna Lennujaam signed a contract for the construction of platform area for E-class aircraft at Tallinn Airport. The total value of the contract is 7.5 million euros without VAT and the works will be completed in…
Signs of stabilization in the Eurozone interest markets and Baltic economies were reflected in the consolidated results of EfTEN Real Estate Fund AS for the first quarter of 2024. The fund’s net rental income increased by 0.6% on an annual…
GROUP CEO’S REVIEW The beginning of the year was dominated by the European Central Bank’s benchmark rate cut, aimed at bringing about economic revival. However, instead of relying on factors that are outside of our control, we should continue to…
The management board of Nordecon AS (the “Company”) (registry code 10099962, address Toompuiestee 35, 10149 Tallinn) hereby calls an annual general meeting of shareholders, which shall be held on 22 May 2024 at 10:00 am at the Radisson Blu Hotel Olümpia…
The council of Nordecon AS approved on 19 April 2024 the consolidated audited annual report and profit allocation proposal for the year 2023. The council decided to present the annual report and profit allocation proposal as prepared by the management…
On 15 April 2024, Tallinna Teede AS, part of AS Merko Ehitus group, and Tallinn Urban Environment and Public Works Department signed a contract for the maintenance and repair of road sections and facilities necessary for the functioning of the…
AS Nordecon group company Embach Ehitus OÜ and Lidl Eesti OÜ signed a contract for the construction of a Lidl store in the city of Võru. The total value of the contract is 3.9 million euros without VAT and the…
The Management Board of AS Merko Ehitus, registry code 11520257, seated at Järvevana tee 9G, Tallinn, 11314, will convene the annual general meeting of shareholders of AS Merko Ehitus on Wednesday, 8 May 2024 at 10.00 at Nordic Hotel Forum conference centre…
NOTICE OF THE ANNUAL GENERAL MEETING, ITS AGENDA AND PROPOSED RESOLUTIONS Dear shareholder of Arco Vara AS, Notice is hereby given that the annual general meeting of Arco Vara AS (registry number 10261718; registered office at Rotermanni 10, Tallinn) will…
GROUP CEO’S REVIEW While 2021 and 2022 were a sprint on the real estate market, last year marked the start of a marathon in the heat of Euribor. The base interest rates of the central bank have pushed both investors…