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…
Arco Vara AS informs that the list of shareholders who are entitled to dividends shall be fixed on 8th of June 2023, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend…
In Q1 2023, GDP contracted 3.2% y/y (non-adjusted) and 0.6% q/q (swda) in real terms. GDP contraction met our expectations. In nominal terms, Estonian economy expanded 9.3%, above the long-term average. Estonian economy has contracted five quarters in a row…
On 25 May 2023, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Estma HPT OÜ entered into a contract for the construction of the first stage of hotel and office building located at Sadama 4, Tallinn. The…
On 23 May 2023, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and GVP Invest Estonia OÜ entered into a contract for the construction of hotel building located at Jakobsoni 2 / Tartu mnt 49, Tallinn. The contract…
We announce that the Management Board is calling for the annual general meeting of AS Pro Kapital Grupp (registration code 10278802, located at Sõjakooli 11 Tallinn Republic of Estonia) (hereinafter the Company) shareholders which shall take place on Tuesday, 19th of…
On May 10, 2023, Hepsor Latvia OÜ, a subsidiary of Hepsor AS, signed a sales agreement for shares of Hepsor U30 SIA with the real estate fund East Capital Real Estate IV. The debt-free value of the company agreed upon…
The Annual General Meeting of Arco Vara AS (registry code 10261718; registered office at Rotermanni 10, 10111 Tallinn) was held on 17 May 2023 in Tallinn at F-Hoone Must Saal (Telliskivi 60a/4). The General Meeting commenced at 5:00 p.m. and…
The situation in the labor market is still good, despite the year-long recession in the economy. The number of the employed is record-high (up by 3.2%, over the year) and the unemployment rate is relatively low. According to Statistics Estonia,…
