AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to proceed with the construction of the above grade volumes of the Lahekalda residential development project in Tallinn, on the Maarjamäe limestone bank. Two residential buildings with 108…
Hepsor Phoenix 2 OÜ, Hepsor AS group company, and Mitt&Perlebach OÜ signed a construction agreement on 8 March 2023 for the construction of the Manufaktuuri 7 development project in the Manufaktuuri Quarter in Tallinn. The value of the construction agreement…
MANAGEMENT REPORT CEO summary 2022 has been a year to remember for AS Pro Kapital Grupp. The Estonian Chamber of Commerce awarded us the price as the most competitive real estate company in Estonia. The Competitiveness Ranking is a part…
The net asset value (NAV) of the Baltic Horizon Fund (the Fund) unit at the end of January 2023 amounted to EUR 1.1176 per unit. Compared to the previous month, NAV per unit increased by 0.03%. The total net asset…
The consolidated sales revenue of Hepsor for the 2022 financial year amounted to 12.9 million euros (including 7.2 million euros in Q4 2022) and the net profit was 1.3 million euros (including a net profit of 1.5 million euros in Q4 2022).…
The unaudited results of Mainor Ülemiste indicate record numbers in the turnover and profit of 2022. The company’s turnover was 16.2 million euros, which is 24% higher than in 2021, and the net profit was 30.4 million euros, that is…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 143 million in Q4 2022, and the revenue for 12 months amounted to EUR 410 million, while the respective figures for net profit were EUR 17.6 million and 12 months was EUR…
In January, annual inflation accelerated somewhat due to less generous energy support package from the government compared to one year ago and because of a larger share of the housing component in the consumer basket this year after the yearly…
From 2020 to November 2022, Nele Sumberg worked as the CFO of Liven AS, a real estate development company. In 2014, she started as the Financial Manager of Ülemiste Center OÜ, an operating company of Ülemiste Center. In 2012-2014 Nele…
The economy heat index (EHI) rose rapidly over 2022. Rapid post-pandemic recovery and economic stimulus led to a strong growth in demand and a labour market recovery. Meanwhile, war-induced disruptions and energy shock adversely affected the supply side. Strong demand,…
Hepsor N57 OÜ, Hepsor AS group company, and LHV Pank OÜ signed 3.1 million loan agreement on 13 January 2023. The purpose of the three-year loan is to finance the construction of Lilleküla Kodud development project. The development project has…
In December, inflation was still rapid, but on a downward trend, in Estonia. Inflation decelerated to 17.6%, over the year, and declined by 0.1%, over the month. Price growth is slowing due to a decline in energy prices brought by…
Hepsor N57 OÜ, Hepsor AS group company, and Mitt&Perlebach OÜ signed a construction agreement for the construction of Lilleküla Kodud development project in Kristiine, a highly valued district in Tallinn, on 22 December 2022. The value of construction agreement is…
The Governing Council raised all key interest rates by another 50 basis points and expects to raise them significantly further Despite expected recession, the ECB revised inflation projection upwards As widely expected, the Governing Council today decided to raise all…
Inflation in the Baltics has been two times faster than the EU average. There are many supply- and demand-side factors at play. Pandemic-related supply-side bottlenecks were exacerbated by the war in Ukraine, which cut trade ties with Russia that were…
