BUSINESS CLIMATE Business cycle. In 2024 recession worries came and disappeared in global economy. Towards the end of a year global growth was lower than at the start of a year in almost all major regions, but far away from…
The net asset value (NAV) of EfTEN United Property Fund unit was 10.73 euros at the end of November, increasing by 0.3% over the month. If the fund’s investment in EfTEN Real Estate Fund AS shares were to be recorded…
In November, EfTEN Real Estate Fund AS earned consolidated rental income of EUR 2,602 thousand, which is EUR 32 thousand more than in October. The increase in rental income is mainly attributable to the first full-month rental income from a…
Arco Vara AS conducted a bond issue as a result of which bonds in the amount of 4,000,000 euros were issued. The issue date of the bonds is 13 December 2024 and the maturity date is 12 December 2026. 400…
In the third quarter of 2024, Estonian GDP dropped by 0.7% y/y in real terms (seasonally non-adjusted), while remained at the same level compared to the previous quarter (seasonally and working day adjusted), according to the updated estimate of Statistics…
In October, EfTEN United Property Fund announced an income distribution of 142 thousand euros, which was paid out to investors on November 14. As a result, the fund’s net asset value (NAV) increased by 0.2% in October to 10.70 euros.…
With interest rates falling faster than expected and wage growth remaining strong, housing affordability gradually improves. Both factors will continue boosting affordability and demand in Latvia and Lithuania next year, while Estonia will rely solely on lower rates. Favourable inflation…
In October, EfTEN Real Estate Fund AS earned a consolidated rental income of 2,570 thousand euros, an increase of 19 thousand euros compared to September. This increase is primarily attributed to the first month of rental income from the new…
Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the nine months of 2024. Our strategic ambitions Over the past year, our focus has been on reshaping our strategy to…
Baltic Horizon Fund publishes interest rate applicable to the fund’s 5-year bonds (ISIN: EE3300003235) for the next 3-months interest period which starts on 8 November 2024. The annual interest rate applicable to the bonds for the interest period as referred…
In the third quarter of this year, the downward trend in the construction market did not experience a significant shift. Forward-looking indicators that characterize both the construction market and the broader macroeconomic environment are contradictory, making it difficult to predict…
Arco Vara plans to issue bonds on 13.12.2024 in the maximum amount of 4 million euros with maturity date no later than 12.12.2026. The maximum amount of bonds shall be 400 with the nominal value of 10 000 euros. Planned…
In Q3 2024, Estonian GDP dropped 0.7% y/y in real terms, while it increased 0.1% q/q (seasonally and working day adjusted – swda), according to the flash estimate of Statistics Estonia. The estimate met our expectations. Estonia has left economic…
EfTEN United Property Fund (hereinafter the Fund) earned 134 thousand euros in net profit in the third quarter of 2024 (2023 third quarter: 16 thousand euros in net loss). The fund’s revenues increased from 38 thousand euros to 176 thousand…
Although there were no huge positive development leaps in the operating environment, there were still signs of renewed optimism in the residential property market. During the third quarter, we signed 32 contracts under the law of obligation (sales contract; 2024…