Management Board of Northern Horizon Capital AS (the Management Company) has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the twelve months of 2021. G4S office building disposal On 8 November 2021, Baltic Horizon…
On 15 February 2022, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Riigi Kinnisvara AS entered into a contract for the construction of Pelgulinna State gymnasium at Kolde Av 67a, Tallinn. The contract includes construction of a…
COMMENTARY FROM MANAGEMENT Fourth-quarter revenue for Merko Ehitus was EUR 112.8 million and net profit for the same period was EUR 13.9 million. The revenue for the 12 months of 2021 grew by 7% compared to the previous year to…
The key words for 2021 are the rapid recovery of the construction market volumes that fell in 2020 and the sharp rise in input prices, which put strong pressure on the cost of previously concluded long-term construction contracts. The whole…
Consumer prices rose by 11.3% in a year and -0.1% in a month in Estonia. Although electricity and gas prices fell compared to December, food prices rose significantly. Food prices showed such a rapid month-on-month growth rate previously 15 years…
We are pleased to invite you to the NORDIC REAL ESTATE FORUM 2022, which takes place on March 31, 2022 at Tallinn Creative Hub in Estonia and simultaneously online. Nordic Real Estate Forum brings sector leaders and decision-makers together from…
Nordecon AS and its subsidiary Embach Ehitus OÜ as joint bidders and Tartu University Hospital have signed a contract for the performance of reconstruction works on floors 2 to 4 of the hospital’s wing A, located L. Puusepa 8, Tartu.…
On 3 February 2022, Tallinna Teede AS, part of AS Merko Ehitus group, and Tallinn Urban Environment and Public Works Department and AS Tallinna Vesi as co-financer have entered into a contract to perform reconstruction works of approximately 1.4 km…
Nordecon Betoon OÜ (brand name NOBE), a Nordecon Group company entered into a contract with Tohvri-Kivi OÜ, an Invego Group company for the design and construction of the Uus-Järveküla housing estate in Rae parish. 28 terraced houses and eight semi-detached…
Prices increased by 12.2%, over the year, in December. Inflation reached 12% last time in the 1990s. More than half of the price increase came from higher energy prices, mainly electricity. The rise in consumer prices is expected to accelerate…
AS Merko Ehitus kontserni kuuluv AS Merko Ehitus Eesti ja GVP Invest Estonia OÜ lõpetasid poolte kokkuleppel 12.02.2020 sõlmitud lepingu hotellihoone rajamiseks Tallinnasse, aadressile Tartu mnt 49. Pandeemia saabumise järel ei soosinud kiirelt muutuv situatsioon ehitus- ja majutusturgudel varasemalt kokkulepitud…
The construction contract for building a hotel at Tartu mnt 49, entered into on February 12, 2020, between AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and GVP Invest Estonia OÜ was terminated by agreement of the parties.…
Annual inflation reached 8.8% in November. The prices of energy and food contributed the most. Price growth is likely to accelerate further in December. The rise in prices is expected to decelerate next spring. Inflation picked up as expected. Inflation…
In 2 December 2021, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Centre for Defence Investment signed a contract for the construction and repair works at the Taara armed forces campus situated in Võru. The contract includes…
GDP expanded 8.6% y/y and 0.7% q/q (swda) in 3Q – the growth met our expectations. GDP has increased 8.5% y/y in the first three quarters of 2021. In 3Q, more than half of the GDP growth came from four…
