Hepsor V7 OÜ, a subsidiary of Hepsor AS, acquired a property in the heart of Tallinn, at Võistluse 7, where it is planned to build a unique environmentally friendly wooden apartment building. A four-story apartment building is planned for development.…
The former CEO of Arco Vara AS, Miko-Ove Niinemäe, is leaving the Arco Vara group on 31.08.2024 and is no longer a member of the board of the group’s Estonian companies. As of September 1, 2024, Arco Vara AS’ new…
In the first half of 2024, the construction market has experienced increasingly intense competition. Public sector orders remain low, and the pre-construction process in the private sector continues to be very lengthy. Analysts’ forecasts for economic growth in the coming…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue for the 6 months of 2024 was EUR 204 million and net profit was EUR 17.5 million. Second-quarter revenue was EUR 122 million; net profit, EUR 13.1 million. The lower volumes from real estate…
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 2 July 2024 in Tallinn, Estonia. As announced to the market on 2…
Arco Vara nõukogu valis Arco Vara AS-i uueks juhatajaks Kristina Mustoneni. Vastavalt nõukogu otsusele algavad Kristina Mustoneni volitused 15. juulist 2024 ning kehtivad neli aastat. Kristina Mustonen on omandanud Estonian Business Schoolis magistrikraadi ärijuhtimise erialal. Ta töötas Maxima Eestis aastatel…
The Supervisory Board of Arco Vara has appointed Kristina Mustonen as the new manager of Arco Vara AS. According to the decision of the Supervisory Board, Kristina Mustonen’s authority will take effect on July 15 2024 and will be valid…
Estonian household consumption has been declining since the second half of 2022 and is still falling; however, real wages started to grow in the second half of 2023. Meanwhile, household confidence is at the level last seen during the Global…
Baltic Horizon Fund today announces the release of its fifth annual ESG report. Tarmo Karotam, Fund Manager for Baltic Horizon Fund, commented: “We are very pleased to present our new ESG report covering the fund’s operations for 2023. Environmental, social,…
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 2 July 2024 at…
AS Trigon Property Development (registry code 10106774, address Pärnu mnt 18, Tallinn 10141, hereinafter the „Company“) calls the annual general meeting of Company’s shareholders, which shall be held at 10:00 on 26 June 2024 (here and hereafter Estonian time, GMT+3)…
Estonia’s GDP dropped 2.4% year-on-year in Q1 2024 in real terms (non-adjusted), according to Statistics Estonia. In quarter-on-quarter comparison, GDP continued to contract at the start of the year, falling by 0.5% (swda) in the first quarter. Nominal GDP growth…
Arco Vara AS informs that the list of shareholders who are entitled to dividends shall be fixed on 6th of June 2024, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend…
The labor market has held up well despite the protracted recession. The unemployment rate increased during the winter months but is now decreasing again. The unemployment rate rose to 7.8% in the first quarter, similar levels seen during the first…
The first quarter of 2024 of the Nordecon Group is characterized by an increase in sales revenue, an improvement in profitability and an increase in the order book. The sales revenue of the first quarter of 2024 was 46,245 thousand…
