A repeat Annual General Meeting of Baltic Horizon Fund investors took place on 9 June 2020 in Tallinn, Estonia. The repeat meeting was convened as no quorum was reached at the initial Annual General Meeting on 26 May 2020. Pursuant…
Annual General Meeting of Baltic Horizon Fund investors took place on 26 May 2020 in Tallinn, Estonia. As announced to the market on 26 May 2020, the quorum was not reached and investors were not able to adopt the proposed…
AS Pro Kapital Grupp (hereinafter Pro Kapital) informed on 22 May 2020 that the Supervisory Council of Pro Kapital has on 21 May 2020 decided to approve the issue of unsecured, callable, fixed rate non-convertible bonds by the Company (hereinafter…
If the market overview of March already mentioned the impact of the emergency situation in the second half of the month, the statistics of April transactions was fully impacted by it. However, in the last week of the month, increased…
Northern Horizon Capital AS invites Baltic Horizon Fund unit-holders to attend an annual General Meeting on 26 May 2020 at 15:00 (EET, local Estonian time) at the office of Northern Horizon Capital AS at Tornimäe 2, 24th floor, 10145 Tallinn,…
Dear shareholder of AS Pro Kapital Grupp, 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…
Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 1.12% of the Fund’s Q1 2020 weighted average net asset value to its unitholders. This equals to approx. EUR 1.70…
The overview of real estate market in March cannot escape the topic of coronavirus COVID-19 outbreak which started to influence the market considerably from the second half of the month. Estonian Real Estate Market in March 2020 As the majority of transactions…
• Annual inflation reached 0.9% in March in Estonia. • In 2020, we expect inflation to amount to 0.8%, or even 0.4%, if we include lower excise taxes proposed by the government. Compared to February, consumer prices declined by 0.7%.…
On 31 March 2020 the owner and operator of T1 Mall of Tallinn shopping centre, AS Tallinna Moekombinaat (TMK, a group subsidiary of AS Pro Kapital Grupp), submitted an application to Harju County Court for commencement of reorganisation proceedings with…
In the final quarter of 2019, all three Baltic capitals saw somewhat different trends. In Tallinn, housing affordability fell as the average price of apartments accelerated and net wage growth weakened due to the previous year’s tax reform. Housing affordability…
MANAGEMENT REPORT Chairman’s summary 2019 was as a year of challenges, opportunities and acknowledgment, which is characteristic to many companies with an eye on the future and ambition for growth. The key focus of our work is on large-scale development…
In 2019, Estonian GDP growth was 4.3% y/y in real terms and 7.7% y/y in nominal terms. Although, the growth slowed from previous year, it was still strong and exceeded our expectations – our forecast, published in January, was 3.7%.…
AS Pro Kapital Grupp informs that it has prolonged the redemption date of 378 070 “Pro Kapital Grupp convertible bond PKG2 20.01.2014” (hereinafter referred to as Convertible Bonds PKG2) by 2 years and the new redemption date is 20.01.2022 (hereinafter referred to…
Inflation was relatively weak at the end of last year, given the rapid growth in wages and other income. Inflation was moderate due to weak external price pressures and lower excise tax rates on alcohol. In December, inflation amounted to…