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%…
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…
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…
Prices increased by 12.2%, over the year, in December. Inflation reached 12% last time in the 1990s. More than half of the price increase came from higher energy prices, mainly electricity. The rise in consumer prices is expected to accelerate…
The construction contract for building a hotel at Tartu mnt 49, entered into on February 12, 2020, between AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and GVP Invest Estonia OÜ was terminated by agreement of the parties.…
In 2 December 2021, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Centre for Defence Investment signed a contract for the construction and repair works at the Taara armed forces campus situated in Võru. The contract includes…
GDP expanded 8.6% y/y and 0.7% q/q (swda) in 3Q – the growth met our expectations. GDP has increased 8.5% y/y in the first three quarters of 2021. In 3Q, more than half of the GDP growth came from four…
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…
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…
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…
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…
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…
Kodusadam OÜ, a joint venture of AS Merko Ehitus Eesti and AS BLRT Grupp, has decided to launch Allveelaeva development project in Noblessner seafront quarter, which comprises of one residential building with 148 apartments and 11 commercial premises. The residential…
