Despite the difficult economic environment, the group’s 9-month result is characterized by an increase in sales revenue and operating profit. Results for the Buildings and Infrastructure segments differ significantly. Although the profitability of the Buildings segment decreased in the 3rd…
rThe consolidated sales revenue of Hepsor for the first nine months of 2022 amounted to 5.6 million euros (including 1.7 million euros in Q3 2022) and the net loss was 0.1 million euros (including a net profit of 0.1 million…
Arco Vara AS sells brand licenses to real estate agencies in Estonia, Latvia and Bulgaria. At the bilateral initiative of the parties, the agreement was tentatively extended until December 31, 2028. CEO of Arco Vara Miko Niinemäe’s comment: „Bulgarian real…
AS Pro Kapital Grupp informs that it is redeeming 27 999 “EEK 7.00 PRO KAPITAL GRUPP CONV. BOND PKG4 10-2020” convertible bonds (with ISIN EE3300109248) in total nominal value of 279 990 Estonian kroons and issue value of 78 397.20…
Unaudited financial report for the second quarter and 6 months of 2022 The main business activity of Trigon Property Development AS is real estate development. As at 30.06.2022, AS Trigon Property Development owned one development project with an area of…
Although average wage growth accelerated to 10.1% in the second quarter, it comforts consumers little when inflation was 20.2%. The average wage rose rapidly in all economic sectors. Wages grew the most in accommodation and catering (+18.6%, over the year),…
In the second quarter, the situation in the labor market was still good in Estonia. Employment was high and unemployment low. According to Statistics Estonia, in the second quarter, the unemployment rate was 5.8% and the number of the employed…
AS Pro Kapital Grupp informs that it is redeeming 6 900 “EEK 7.00 PRO KAPITAL GRUPP CONV. BOND PKG3 10-2020” convertible bonds (with ISIN EE3300108711) in total nominal value of 69 000 Estonian kroons and issue value of 19 320…
On 9 August 2022, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and KMG Inseneriehituse AS signed a design and construction contract with Tallinn Urban Environment and Public Works Department for the construction of a tram line connecting…
Despite the continued difficult external environment, the second quarter and first half of 2022 were overall profitable for the group. The increase in sales revenue also continued, which is largely based on the fulfillment of construction contracts concluded in previous…
Northern Horizon Capital AS („Northern Horizon”) notified on 29 September 2021 regarding the termination of the affiliation agreement with Euroclear Sweden AB („Euroclear Sweden“) for keeping Baltic Horizon Fund units („Units“) registered with its book entry system in Sweden due…
AS Merko Ehitus Eesti, a member of the AS Merko Ehitus group, has started the construction of a kindergarten in the Uus-Veerenni residential quarter in the center of Tallinn. The kindergarten with approximately 150 places will be completed in the…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the fourth stage of Erminurme residential development project in Tartu Parish. The stage includes three buildings at Erminurme Road 14, Erminurme Road 18 and Erminurme Road…
In June, consumer prices rose by 21.9% year-on-year and by 2.7% month-on-month. The price increase accelerated again in annual and monthly terms. Energy accounted for around 60% of the total increase in prices. The price of electricity has doubled, and…
Over the quarter, housing affordability deteriorated in all three Baltic capitals. Compared with the same period last year, the housing affordability index (HAI) increased in Vilnius but declined in Riga and Tallinn, with the Estonian capital registering a more pronounced…
