The council of Nordecon AS approved on 21 April 2022 the consolidated audited annual report and profit allocation proposal for the year 2021. The council decided to present the annual report and profit allocation proposal as prepared by the management…
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…
The Management Board of AS Merko Ehitus, located at Järvevana tee 9G, Tallinn, 11314, will convene the annual general meeting of shareholders of AS Merko Ehitus on Wednesday, 4 May 2022 at 10.00 at Nordic Hotel Forum conference centre (Viru…
Prices rose by 15.2% year-on-year and 2.7% month-on-month in March. Prices were lifted by more expensive energy and food. Inflation was previously as rapid in the 1990s, during the first years of Estonia’s re-independence. Food prices rose by 13.8%, in…
In item 3 of the agenda, the date of fixing the list of shareholders entitled to dividends (record date), change in the rights attaching to the shares (ex-date) and the date of payment of the dividend has been corrected. The…
Management Board of Northern Horizon Capital AS has approved the audited financial results of Baltic Horizon Fund (the Fund) for the year 2021. The financial results remained unchanged compared to the preliminary disclosure on 15 February 2022. Distributions to unitholders for…
The 100% subsidiaries of EfTEN Real Estate Fund III AS entered into conditional purchase agreements for the acquisition of two aged care home projects. The EfTEN Valkla OÜ, 100% subsidiary of the EfTEN Real Estate Fund III AS, signed a…
The housing affordability index (HAI) shows high affordability in the Baltic capitals; however, the data do not depict the current situation in the market due to the time lag between real-time events and statistics. The war in Ukraine poses challenges…
Nordecon AS and its subsidiary Embach Ehitus OÜ as joint bidders and Mainor Ülemiste AS have signed a contract for the performance of design and construction works of Ülemiste City education complex. Construction work will commence in November 2022 after…
In February consumer prices rose by 12.0%, year-on-year, and 1.5%, month-on-month. Prices were lifted mainly by energy and food, although the increase in consumer prices is becoming more widespread, as rising production costs and supply disruptions are affecting a large…
Wage growth was rapid in the fourth quarter of last year (+7.3%, over the year), but uneven, and lagged price rises. Swedbank estimates that the average net wage will increase by 6% this year, but consumer prices will increase even…
MANAGEMENT REPORT Chairman’s summary The fourth quarter of 2021 has confirmed the positive trend seen in the previous quarter. The overall market is healthy and we are seeing a solid and steady demand for our projects. The construction market still…
The main business activity of Trigon Property Development AS is real estate development. As at 31.12.2021, AS Trigon Property Development owned one development project with an area of 14.29 hectares in the City of Pärnu, Estonia. An industrial and logistics…
On 25 February 2022, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, signed a contract with Aardekapp OÜ to acquire additional 15% holding (82,500 shares) in Connecto Eesti AS, which designs, builds and maintains electrical, gas and telecommunications…
Unaudited financial results of Hepsor AS for 12 months and Q4 2021 Hepsor AS consolidated sales revenue for the 2021 financial year amounted to 15 million euros and its net profit was 1.7 million euros (including 0.02 million euros attributable…
