On October 5, Merko Ehitus group’s 100% subsidiaries OÜ Merko Kodud and AS Merko Ehitus Eesti signed a division agreement, according to which real estate development activities along with the corresponding assets and liabilities will be transferred to OÜ Merko…
Nordecon AS and Estonian Centre for Defence Investments have signed a contract for the design and construction of storage facilities in Ida-Virumaa. The total cost of the contract is approximately 9.7 million euros including VAT, and the works will be…
The tender of Nordecon AS was declared successful in the public procurement for construction of Loodusmaja (Environment Building). Nordecon and Riigi Kinnisvara AS can conclude a contract after expiration of 14-day contestation period. The value of Nordecon’s offer is 54.3…
AS Nordecon group company Embach Ehitus OÜ and Riigi Kinnisvara AS (State Real Estate Ltd) signed a contract for the construction of the joint building of the Police and Border Guard Board and Rescue Board in Kilingi-Nõmme. The premises of…
Arco Vara AS informs that the list of shareholders who are entitled to dividends shall be fixed on 8th of September 2023, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend…
In Q2, Estonian GDP declined 2.9% y/y (non-adjusted) and 0.2% q/q (swda). GDP has contracted 3.3% in real terms in 1H 2023. The GDP decline has receded gradually, while the largest contraction remained in 4Q 2022. We forecast 2% GDP…
On 22 August 2023, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and TKM Kinnisvara AS, part of Tallinna Kaubamaja Grupp AS, entered into a contract for the construction of a logistics center at Paemurru 1, Maardu. According…
AS Pro Kapital Grupp (hereinafter referred to as the Issuer) has issued 3,459,081 unsecured bonds with ISIN EE3300001676 (hereinafter the Bonds) in the total value of 9,685,426.80 euros. The Bonds bear 8% interest and their Redemption Date1 is 31 October…
Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the six months of 2023. Property valuations In June 2023, the portfolio valuations were conducted by the independent…
The dynamics of the construction market reflect the ongoing economic downturn and uncertainty about the future. Although the increase in the construction price index slowed in the second quarter of this year and the construction price index fell by 0.5%…
In Q2 2023, GDP dropped 3% y/y and 0.3% q/q (both swda) in real terms, according to the flash estimate of Statistics Estonia. GDP contraction in Q2 was below our expectations. However, the economic contraction is receding gradually. Estonian economy…
GROUP CEO’S REVIEW For Arco Vara’s standpoint, the real estate market was breathing easier in Q2 but will be more apparent after the summer how safe this uneven activity is. The resolutions of the European Central Bank regarding baseline interest…
Estonian Business School SA (EBS) poolt Tallinnas, Lauteri 3 kinnistule planeeritud unikaalne õppimis- ja ettevõtluslinnak on saanud ametliku ehitusloa ning juba käesoleva aasta II pooles algavad suuremahulised ehitustööd. Linnaku kogumaht on tulevikus 44 000 m2 ja arendusprojekti eeldatav maksumus 100…
Baltic Horizon Fund today announces the release of its Annual ESG report 2022. Baltic Horizon launched its ESG strategy in 2019, and in the subsequent years, despite a challenging economic environment, the fund has increased its level of ambition, aligning…
Evelin Kanter, a long-time lawyer of Arco Vara AS, moved on to new challenges and is no longer a member of the board of the group of Estonian companies as of 06/07/2023. For the time being, Evelin Kanter will continue…
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