The average gross wage growth accelerated to 7.8% in the third quarter. Average wages have risen above pre-crisis levels in all sectors. Income inequality among wage earners has increased this year. Labor shortages and rising minimum wages keep wage growth…
The crisis is receding in the labour market. The unemployment rate declined to 5.7% in the third quarter. The unemployment rate is still relatively high, but the lack of suitable labour is a growing concern. 40-50% of employers report labour…
MANAGEMENT REPORT CEO summary The third quarter of this year has been very dynamic, with amazing results in sales activities and exceeding expectations when signing presale agreements, but it has been also challenging in development activities due to changes in…
From November 10, 2021 10:00 Hepsor AS shares (ISIN code EE3100082306) public offering is launched. The public offering closing date is November 19, 2021 15:30. Up to 777 001 share (plus up to 77,700 additional Offer Shares that may be…
Baltic Horizon Fund signed today a real right agreement with HITS Investments OÜ to sell the land plot located in Paldiski mnt 80, Tallinn together with G4S office building. The sales price is EUR 15.35 million (excluding value added tax)…
AS Nordecon group company Embach Ehitus OÜ entered into contract with Viljandi Aken ja Uks AS for the design and construction of the extension of the company’s production facilities in Raua str, Viljandi. A one-storey production area and a two-storey…
In October, consumer prices increased by 7.0%, over the year, in Estonia. Around half of the increase in prices came from more expensive energy. Wages and pensions have risen as much as prices so far. Higher prices have not yet…
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 first nine months of 2021. Baltic Horizon wins EPRA Gold award Baltic Horizon Fund…
Despite the ongoing impact of the COVID-19 pandemic and turbulence in the economy, the Group’s efforts have borne fruit and the profitability in the third quarter was comparable to the same period in 2020. However, rising input prices and supply…
AS Nordecon group company Nordecon Betoon OÜ (brand name NOBE) and Mapri Ehitus OÜ as joint bidders entered into contract with Porto Franco OÜ for the construction of the building III of Porto Franco real estate development in Kai street…
The public offering of the shares of Arco Vara AS ended at 4:00 p.m. on 15 October 2021. Up to 1,000,000 shares were offered publicly. During the offering, the offered volume was subscribed more than 4.84 time, ie a total…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has started the construction of the fourth stage of the Lahekalda residential development project in Tallinn, on the Maarjamäe limestone bank. Two residential buildings with 98 apartments in total will…
In September, consumer prices increased by 6.6%, over the year. 60% of the increase in prices came from energy products, especially more expensive electricity and motor fuels. Wages and pensions have risen at least as much as prices. Higher prices…
Nordecon AS and Centre of Defence Investments entered into a contract for the design and construction of storage facilities with associated utility networks in Harju County. The value of the contract is 9.8 million euros plus value added tax and…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the fifth stage of the Uus-Veerenni residential development project in the city centre of Tallinn. The new stage includes 12 buildings with 137 apartments and 8…
