Nordecon AS and Kinnistud S OÜ, an Estmak Capital group company entered into contract for building the Class A energy rating apartment building with 48 apartments at Kuuseheki 54, Saue. The agreement includes performance of design and construction works of…
SIA Merks, part of AS Merko Ehitus group, has started construction of Merks Duntes Zīles residential project in Riga. The project includes a 4-storey building and a 5-storey building at Pededzes St. 3 with 84 apartments, which will be completed…
SIA Merks, part of AS Merko Ehitus group, has started construction of Merks Duntes Zīles residential project in Riga. The project includes a 4-storey building and a 5-storey building at Pededzes St. 3 with 84 apartments, which will be completed…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has started the construction of the third stage of the Lahekalda residential development project in Tallinn. The new stage includes one building with 48 apartments at Paekalda St. 14, which…
AS Nordecon group company Nordecon Betoon OÜ (brand name NOBE), Connecto Eesti AS and Verston Ehitus OÜ as joint bidders entered into contract with SIA TCK, an Utilitas energy group company for construction of a windfarm in Targale, Latvia. The…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the fourth stage of Uus-Veerenni residential development project in the city centre of Tallinn. The new stage includes three buildings with 84 apartments, which are to…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the Metsatuka residential development project in Nõmme district in Tallinn. The project includes two buildings at Teelise 6 and Teelise 8/10 with 130 apartments, which will…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the second stage of Erminurme residential development project in Tartu Parish. The stage includes two buildings at Erminurme Road 12 and 16 with 37 apartments, which…
Construction contract in Estonia (below grade construction works of Liivalaia business and residential complex, Tallinn) On 8 February 2021, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and OÜ Tiigiveski Arendus, part of AS Kapitel group, have entered…
Kodusadam OÜ, a joint venture of AS Merko Ehitus Eesti and AS BLRT Grupp, has decided to launch a new real estate development project (merko.ee/vesilennuki) in Noblessner seafront quarter, which comprises in total of five residential buildings with 161 apartments…
SIA Merks, part of AS Merko Ehitus group, has started the construction of the first stage of Merks Mežpilsēta residential project in Riga. Three 5-storey buildings with 117 apartments are to be completed by the end of 2021. Energy class…
In the third quarter of 2020, Estonian economy dropped by 1.9% y/y in real terms (seasonally and working day non-adjusted). Seasonally and working day adjusted GDP rose by 3.3% q/q. The result was close to our expectations. In the first…
Gross wage growth accelerated from 1.0% in the second quarter to 3.1% in the third quarter, over the year, as economic activity increased, and the government’s wage support programme ended (substantially lower wages was one of the indicators to qualify…
SIA Merks, part of AS Merko Ehitus group, has started the construction of the second stage of Merks Viesturdārzs residential project in Riga. The new stage includes one building with 167 apartments and 7 commercial units, which are to be…
UAB Merko Būstas, part of AS Merko Ehitus group, has launched the Vilneles Skverai residential development project located on the outskirts of the Old Town of Vilnius at Manufakturu str. 7. The first stage includes six buildings with 250 apartments,…
