Nordecon AS and Centre of Defence Investments entered into a contract for the construction works of office building in Tallinn. The value of the contract is close to 13 million euros without VAT and the works will be completed by…
Evelin Kanter, a long-time lawyer of Arco Vara AS, moved on to new challenges and is no longer a member of the board of the group of Estonian companies as of 06/07/2023. For the time being, Evelin Kanter will continue…
Nordecon AS and Centre of Defence Investments entered into a contract for the construction works of storage facilities in Harju County. The value of the contract is 8.4 million euros plus client’s reserve and value added tax and the works…
Arco Vara AS informs that the list of shareholders who are entitled to dividends shall be fixed on 8th of June 2023, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend…
In Q1 2023, GDP contracted 3.2% y/y (non-adjusted) and 0.6% q/q (swda) in real terms. GDP contraction met our expectations. In nominal terms, Estonian economy expanded 9.3%, above the long-term average. Estonian economy has contracted five quarters in a row…
Nordecon AS and Saku Municipality entered a contract for the construction works of new study and sports facilities of Saku Gymnasium. According to the contract, a new three-story elementary school building with a net area of 10,500 sqm and a…
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…
On 25 May 2023, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Estma HPT OÜ entered into a contract for the construction of the first stage of hotel and office building located at Sadama 4, Tallinn. The…
Bigbank AS sõlmis GVP Invest Estonia OÜ-ga laenulepingu summas 12 miljonit eurot, et finantseerida Hampton by Hilton hotellile mõeldud hoone ehitust. 185 toalise hotelli ehitus algab 2023. aasta suvel ja see plaanitakse avada hiljemalt 2025. aasta alguses. Bigbank Eesti ettevõtete…
23. mail 2023 sõlmisid AS Merko Ehitus kontserni kuuluv AS Merko Ehitus Eesti ja GVP Invest Estonia OÜ lepingu hotellihoone rajamiseks aadressil Jakobsoni 2 / Tartu mnt 49, Tallinn. Lepingu raames ehitab AS Merko Ehitus Eesti kuuekorruselise hoone, milles alustab…
On 23 May 2023, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and GVP Invest Estonia OÜ entered into a contract for the construction of hotel building located at Jakobsoni 2 / Tartu mnt 49, Tallinn. The contract…
Nordecon AS (registry code 10099962, address Toompuiestee 35, 10149 Tallinn) annual general meeting of shareholders was held on 23 May 2023 at 10.00 a.m. in the conference centre of Radisson Blu Hotel Olümpia, room Gamma (Liivalaia 33, 10118 Tallinn). The…
We announce that the Management Board is calling for the annual general meeting of AS Pro Kapital Grupp (registration code 10278802, located at Sõjakooli 11 Tallinn Republic of Estonia) (hereinafter the Company) shareholders which shall take place on Tuesday, 19th of…
On May 10, 2023, Hepsor Latvia OÜ, a subsidiary of Hepsor AS, signed a sales agreement for shares of Hepsor U30 SIA with the real estate fund East Capital Real Estate IV. The debt-free value of the company agreed upon…
MANAGEMENT REPORT CEO summary Q1 2023 marks as a start of new developments in AS Pro Kapital Grupp. Real estate development In Tallinn, we took the decision to start the final stage of development in Kalaranna 8. This last and…