On 09.08.2021, the supervisory board of the fund adopted the resolution to not go ahead with the merger of EfTEN Real Estate Fund III AS and EfTEN Kinnisvarafond AS and gave the management board of the fund and the management…
On 9th of August 2021, SIA Merks, a subsidiary company of AS Merko Ehitus, received the decision of the Latvian Competition Council regarding the company in the administrative proceeding, started in 2019. Group has disclosed the information about the proceedings…
Management Board of Northern Horizon Capital AS (the Management Company) has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the first six months of 2021. Oversubscribed bond issue of BH Meraki UAB On 12…
Second-quarter revenue for Merko Ehitus was EUR 86 million and net profit was EUR 6.4 million. The revenue for first half increased by 12% to EUR 146 million and net profit by 19% to EUR 9.8 million. This year, Merko…
The results for the first six months of 2021 are characterized by a slight decrease in operating volumes, a decrease in profitability and a continued increase in the order book compared to the same period of the previous year. The…
The financial results of EfTEN Real Estate Fund III AS in the first half of 2021 have been good beyond expectations. The fund’s EBITDA for the first six months of this year totals 4.89 million euros, which is 27% higher…
Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 0.98% of the Fund’s Q2 2021 weighted average net asset value to its unitholders. This equals approx. EUR 1.32…
NOTICE OF THE EXTRAORDINARY GENERAL MEETING, ITS AGENDA AND PROPOSED RESOLUTIONS Dear shareholder of Arco Vara AS, Notice is hereby given that the extraordinary general meeting of Arco Vara AS (registry number 10261718; registered office at Maakri 19/1, Tallinn, hereinafter…
On 14.07.2021 AS Trigon Property Development and Bilder Grupp OÜ concluded a real right agreement on sale of real estate property belonging to AS Trigon Property Development. The land plot sold was located at Arukase 3 in Pärnu with a…
The financial results of EfTEN Real Estate Fund III AS in the first half of 2021 have been better than expected. The fund’s EBITDA for the first six months of this year totals 4.89 million euros, which is 27% higher…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the third stage of Erminurme residential development project in Tartu Parish. The stage includes three buildings at Erminurme Road 4, 6 and 8 with 60 apartments,…
Inflation picked up from 3.6% in May to 3.8% in June. Motor fuels and electricity contributed the most. In 2021, consumer prices are expected to grow by 2.6%, around the same as before the crisis. Price pressures have increased in…
First-quarter results show high housing affordability in all Baltic states despite virus-related restrictions and varying epidemiological situations at the beginning of the year. The first quarter saw affordability in Tallinn and Vilnius stay almost unchanged, while apartment affordability in Riga…
EfTEN Real Estate Fund III AS established a subsidiary EfTEN Ramygalos UAB, which acquired two industrial buildings in Panevezys, Lithuania. The buildings will be used by the electrical systems manufacturer AQ Wiring and UAB ADAX on the basis of lease…
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 Wednesday, 7th of…