Wage growth remained relatively rapid and broad-based in the fourth quarter. Statistics Estonia’s wage data showed a slowdown in the annual growth rate of the full-time-equivalent average gross wage (+6.4%, over the year) in Q4 2019, mostly due to a…
MANAGEMENT REPORT Chairman’s summary 2019 was as a year of challenges, opportunities and acknowledgment, which is characteristic to many companies with an eye on the future and ambition for growth. The key focus of our work is on large-scale development…
In 2019, Estonian GDP growth was 4.3% y/y in real terms and 7.7% y/y in nominal terms. Although, the growth slowed from previous year, it was still strong and exceeded our expectations – our forecast, published in January, was 3.7%.…
To improve the attractiveness of Tallinn as a tourist destination and to offer local citizens new recreational opportunities AS Tallink Grupp (the Group), the Group’s largest shareholder AS Infortar and the City of Tallinn signed today a memorandum of understanding…
According to the exchange release of Tallink Grupp published today and the information disclosed at their joint press conference (https://www.youtube.com/watch?v=nSyXyWUV9nU&feature=youtu.be), Tallink Group, Infortar and the City of Tallinn signed today a memorandum of understanding to develop the city owned architectural…
Väliskaubandus- ja infotehnoloogiaminister Kaimar Karu avas Saue valda kerkiva MCF andmekeskuse esimese etapi ehituse. Kolmes järgus rajatav andmesidekeskus maksab kokku 100 miljonit eurot. Minister Kaimar Karu sõnul on rajatav andmesidekeskus riigi tasemel oluline projekt, mis annab nii kohalikele idufirmadele…
Comment of the fund manager The most important economic events of EfTEN Real Estate Fund III AS in 2019 were the ABC Motors dealership purchase-leaseback transaction, successful issue of shares in volume of EUR 16 million and opening of Hortes…
12. veebruaril 2020 sõlmiti AS Merko Ehitus kontserni kuuluva AS Merko Ehitus Eesti ja GVP Invest Estonia OÜ vahel leping hotellihoone rajamiseks aadressil Tartu mnt 49, Tallinn. Lepingu raames ehitab AS Merko Ehitus Eesti kuuekorruselise hoone, milles alustab tööd Balti…
AS Pro Kapital Grupp informs that it has prolonged the redemption date of 378 070 “Pro Kapital Grupp convertible bond PKG2 20.01.2014” (hereinafter referred to as Convertible Bonds PKG2) by 2 years and the new redemption date is 20.01.2022 (hereinafter referred to…
LHV pensionifondid omandavad Tallinnas Tartu mnt 63 paikneva Valge Maja büroohoone. Tegemist on LHV neljanda kinnisvara otseinvesteeringuga. “LHV pensionifondid on viimastel aastatel üha enam võtnud eeskuju globaalse haardega pensionifondidest, kes hajutavad riske märksa laiemalt kui see Baltikumis seni tavaks on…
Inflation was relatively weak at the end of last year, given the rapid growth in wages and other income. Inflation was moderate due to weak external price pressures and lower excise tax rates on alcohol. In December, inflation amounted to…
Andmekeskuse rajaja, MCF Group Estonia juhi Kert Everti sõnul algab ehitus kohe ning valmimistähtaeg on 2021. aasta teine kvartal. “Tegemist on esimese andmekeskusega Eestis, mille kogu arendus on tehtud just ja ainult andmekeskuse rajamise nõudeid arvestades,” ütles Evert. “Ehitushanke konkursil…
After three consecutive years of strong contribution to economic growth, the construction sector is not supporting economic growth this year. Labour shortages in construction have eased somewhat, and risks of excessive growth of labour and construction costs should reduce, going…
In October, the people visiting the real estate conference of EKFL admitted that the sentiment of the participants in the real estate market is rather positive and no bigger systematic risks are predicted for the next few years. When looking…
Wage growth remained rapid and broad-based in the third quarter. The average full-time-equivalent gross wage amounted to EUR 1,397, up by 8.2%, over the year. Tax Authority’s gross median wage amounted to EUR 1,100, up by 10% in a year. …
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