The Management Board of EfTEN Real Estate Fund AS (registry code 12864036; seat Tallinn, A. Lauteri 5) calls an annual general meeting of shareholders on 02 April 2024 at 10:00. Venue of the general meeting: Radisson Collection Hotel second floor conference centre hall “Tallinn”,…
MANAGEMENT REPORT CEO summary In 2023 we have been in line with the Company’s history, by having focus on the main areas of activities in real estate developments in the three Baltics capitals (Tallinn, Riga and Vilnius) and the hotel…
OÜ Merko Kodud, part of AS Merko Ehitus group, has decided to launch the fifth stage of Erminurme residential development project in Tartu Parish. The stage includes two buildings at Erminurme Road 2 and Erminurme Road 22 with 36 apartments,…
Nordecon AS group company Embach Ehitus OÜ together with OÜ NOBE as joint bidders and Estonian Centre for Defence Investments have signed a contract for the construction of a modern war and disaster medicine centre in Tartu. In the four-storey,…
Economic environment The construction market has experienced rapid evolution in recent years, with notable trends emerging in 2023 following developments that began in 2022. These shifts have profoundly impacted companies within the construction sector. Persistently high inflation and interest rates…
In Q4 2023, Estonia’s GDP dropped 3.0% y/y in real terms and remained on the same level compared to the previous quarter (swda), according to the flash estimate of Statistics Estonia. Estonian GDP contracted 3.5% y/y (swda) and 3.4% (non-adjusted)…
AS Nordecon group company Tariston AS and Estonian Centre for Defence Investments signed a contract for the construction of the armoured manoeuvre shooting range and roads in the Defence Force’s Central Training Area in Harju County. The cost of the…
Affordability continued to decline, but the bottom has been reached. Apartments still unaffordable in Tallinn and Vilnius. Interest rate burden remains heavy, but there are first signs of rates inching down. Housing affordability continued to decline in the third quarter…
On 12 December 2023, the new business name of OÜ Ilmarise Kvartal, a subsidiary of AS Pro Kapital Grupp, was entered in the commercial register – OÜ PKE Treasury. The new wording of the articles of association in connection with…
Extraordinary General Meeting (hereinafter the “General Meeting”) of Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) took place on 6 December 2023 in Tallinn, Estonia. Proposed agenda of the meeting was the…
Arco Vara AS informs that the list of shareholders who are entitled to dividends shall be fixed on 8th of December 2023, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend…
In Q3 2023, Estonia’s GDP dropped 3.9% y/y (non-adjusted) and 1.3% q/q (swda) in real terms, according to Statistics Estonia. In nominal terms, GDP growth slowed to only 1.2% y/y. Statistics Estonia substantially revised down (by 1.5 pp) its 3Q…
In November 2023 entered into force the additional works agreement signed between AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Arter Kinnisvara OÜ, part of AS Kapitel group, supplementing the Arter quarter construction contract. According to the…
On 16 November 2023, Tallinna Teede AS, part of AS Merko Ehitus group, and Estonian Transport Administration entered into a contract to perform construction works of two Rail Baltica road viaducts in Harjumaa. The contract includes the construction of the…
Northern Horizon Capital AS invites Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) to attend an extraordinary General Meeting (hereinafter the “General Meeting”) of Baltic Horizon Fund on 6 December 2023 at…
