Uudiste arhiiv

 

EfTEN: Establishment of two subsidiaries, and conclusion of purchase agreements to acquire the property of Valkla Südamekodu and the right of superficies of Tartu Südamekodu

18.03.2022
EfTEN Real Estate Fund

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…

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Swedbank: Baltic HAI – High confidence replaced by high uncertainty

16.03.2022
Swedbank

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…

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Nordecon: Construction contract (Ülemiste City education complex)

10.03.2022
Nordecon

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…

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Swedbank: Rapid price growth to continue in Estonia

08.03.2022
Swedbank

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…

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Swedbank: Prices will grow faster than wages this year

04.03.2022
Swedbank

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…

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Pro Kapital: Pro Kapital Council approved Consolidated Interim Report for IV Quarter and 12 Months of 2021 (Unaudited)

01.03.2022
Pro Kapital

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…

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Trigon Property Development: Unaudited financial report for the fourth quarter and 12 months 2021

01.03.2022
Trigon Property Development

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…

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Merko Ehitus: Acquisition of additional shareholding (Connecto Eesti AS)

28.02.2022
Merko Ehitus

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…

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Hepsor: Unaudited financial results of Hepsor AS for 12 months and Q4 2021

23.02.2022
Hepsor

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…

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Merko Ehitus: Construction contract in Estonia (Liivalaia quarter in Tallinn)

21.02.2022
Merko Ehitus

On 18 February 2022, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and OÜ Tiigiveski Arendus, part of AS Kapitel group, have entered into a contract to perform above-grade construction works of Liivalaia quarter, renamed Arter quarter at…

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Swedbank: Labour market is tightening in Estonia

17.02.2022
Swedbank

Labor shortages are severe, especially in construction. Wage growth will accelerate this year. The net salary of Swedbank’s customers has increased by 8 percent year-on-year in recent months. The unemployment rate fell from 5.7% in the third quarter to 5.2%…

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Baltic Horizon: Baltic Horizon Fund Consolidated Unaudited Interim Results for Q4 2021

16.02.2022
Baltic Horizon Fund

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…

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Merko Ehitus: Construction contract in Estonia (Pelgulinna State gymnasium in Tallinn)

15.02.2022
Merko Ehitus

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…

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Merko Ehitus: 2021 12 months and IV quarter consolidated unaudited interim report

10.02.2022
Merko Ehitus

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…

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Nordecon: 2021 IV quarter and 12 months consolidated interim report (unaudited)

10.02.2022
Nordecon

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…

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