Management Board of Northern Horizon Capital AS has approved the audited financial results of Baltic Horizon Fund (the Fund) for the year 2020. The financial results remained unchanged compared to the preliminary disclosure on 15 February 2021. Distributions to unitholders for…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the fourth stage of Uus-Veerenni residential development project in the city centre of Tallinn. The new stage includes three buildings with 84 apartments, which are to…
Nordecon AS and Estonian Internal Security Service entered into contract for the extension and reconstruction works of Estonian Internal Security Service head office. The contract includes the construction of new office building complex with underground parking and garage, as well…
The majority shareholder of Arco Vara AS („Arco Vara“) OÜ Alarmo Kapital notified stock exchange on 2 March 2021 of a mandatory takeover bid for purchasing all Arco Vara shares. The purchase price is 1,30 euros per share. Arco Vara…
In 2020, Estonian GDP fell by 2.9% in real terms and 3.4% in nominal terms. The result was close to our expectations – our forecast, published in January, was -2.7%. In addition, GDP results for the first three quarters were…
In 2020, Estonian GDP fell by 2.9% in real terms and 3.4% in nominal terms. The result was close to our expectations – our forecast, published in January, was -2.7%. In addition, GDP results for the first three quarters were…
Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the twelve months of 2020. Impact of COVID-19 pandemic At the beginning of 2020, a new coronavirus (COVID-19)…
Comment of the fund manager The main economic event of 2020 was not an economic event – unexpected arrival and spread of coronavirus. The virus wave that reached the Baltics in February 2020, closed the economy and put a significant…
Arco Vara AS notifies the stock exchange about a change in substantial holding as required by § 186 of the Securities Market Act. On February 12, 2021, AS Lõhmus Holdings transferred 850,000 shares of Arco Vara AS held by them…
Nordecon’s sales revenue increased by approximately 26% in 2020 compared to the previous year, and this is the largest turnover of the Nordecon Group ever. The volume growth was based on contracts concluded in record volumes in 2019. The construction…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the second stage of Erminurme residential development project in Tartu Parish. The stage includes two buildings at Erminurme Road 12 and 16 with 37 apartments, which…
Construction contract in Estonia (below grade construction works of Liivalaia business and residential complex, Tallinn) On 8 February 2021, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and OÜ Tiigiveski Arendus, part of AS Kapitel group, have entered…
AS Pro Kapital Grupp (“Pro Kapital”) has issued EUR 9,685,426.80 unsecured, callable, fixed rate non-convertible bonds EUR 8.00 PRO KAPITAL GRUPP VÕLAKIRI 20-2024 with ISIN EE3300001676 (herein Bonds) with maturity on 31 October 2024. Pro Kapital announces that it will publish a listing prospectus in respect…
Kodusadam OÜ, a joint venture of AS Merko Ehitus Eesti and AS BLRT Grupp, has decided to launch a new real estate development project (merko.ee/vesilennuki) in Noblessner seafront quarter, which comprises in total of five residential buildings with 161 apartments…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the Nõmme 328 residential development project in Tallinn. The building with 38 apartments and 6 commercial spaces will be completed in summer of 2022. The Nõmme…
