On 30 September 2020, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and OÜ Loo Vesi entered into a contract to perform construction works of water supply and sewerage piping in Jõelähtme Parish, Harju County. The contract includes…
SIA Merks, part of AS Merko Ehitus group, has entered into a contract with SIA Orkla Biscuit Production for the construction of new Orkla wafer and biscuits production plant in Ādaži, Latvia. The works include construction of a new wafer…
During the second quarter of 2020, the Baltic economies, like the rest of the world, were hit by the corona crisis. In the housing markets of the Baltic capitals, it was the secondary market that bore the brunt of pandemic…
Baltic Horizon Fund applied for temporary reduction of equity covenant in the terms and conditions of the Bonds (the Terms and Conditions) in relation to Baltic Horizon Fund EUR 50 million 5-year unsecured bonds maturing in 2023 (ISIN EE3300111467; the…
Baltic Horizon Fund applies for temporary reduction of equity covenant in relation to Baltic Horizon Fund EUR 50 million 5-year unsecured bonds maturing in 2023 (ISIN EE3300111467). In the light of the COVID-19 outbreak and the associated effects on Baltic…
At the start of 2020, the housing market in the Baltics was still unfazed by the pandemic. Overall housing affordability was high in all the capitals. However, housing affordability in Tallinn and Vilnius decreased in the first quarter, compared with…
• Labour market figures were still strong before the crisis. • Data has deteriorated rapidly since March. Corona crisis did not affect Q1 data Q1 labour market survey was carried out between January and March, i.e. before the crisis hit.…
Wage growth is rapid and broad-based. The average gross wage amounted to EUR 1,419, up by 7.4%, over the year, in the second quarter. Wage growth was broad-based, in terms of sectors and levels. Tax Authority’s wage data show that…
The shortage of labour keeps wage growth rapid • The shortage of labour is on the same level as in the years of the previous economic boom. • During the next two years, according to Swedbank’s forecast, the gross wage…
Although housing affordability in Estonia has improved, compared with the peak of the last real estate boom, it has stayed at the same level for the past four years. Households’ confidence in purchasing or building a home has improved in…
Every entrepreneur and property developer is looking for best measures to save money and earn a solid profit, so why would someone who strives for best quality at a lowest cost take credit obligations with an interest rate of 11%…