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,…
On 11.06.2024, the Tallinn City Government initiated the detailed planning of the plot belonging to Arco Vara subsidiary Kodulahe Kvartal OÜ, located at Lammi 6. The purpose of the detailed plan is to assign building rights to the last stage…
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…
Statistikaameti andmetel vähenes sisemajanduse koguprodukt (SKP) 2024. aasta esimeses kvartalis võrreldes eelmise aasta sama ajaga 2,4%. Jooksevhindades moodustas SKP esimeses kvartalis 8,9 miljardit eurot. Statistikaameti rahvamajanduse arvepidamise tiimijuhi Robert Müürsepa sõnul näitab majandus võrreldes eelmise aastaga kergeid paranemise märke. „Võrreldes…
GROUP CEO’S REVIEW The beginning of the year was dominated by the European Central Bank’s benchmark rate cut, aimed at bringing about economic revival. However, instead of relying on factors that are outside of our control, we should continue to…
AS Merko Ehitus consolidated audited financial results for 2023 remain unchanged compared to the preliminary disclosure on 8 February 2024. STATEMENT OF THE CHAIRMAN OF THE MANAGEMENT BOARD Like past years and, surely, years to come, 2023 was anything but…
Statistiliselt majanduslangus jätkus aasta viimases kvartalis, ulatudes 2,7 protsendini aastases ja 0,7 protsendini kvartaalses võrdluses, kuid mitmetes tegevusalades oli olukord parem kui kolmandas kvartalis. Majanduse maht eurodes mõõdetuna kasvas kogu 2023. aasta jooksul. Tarbijate olukord paranes teisel poolaastal pidurdunud hinnatõusu…
Estonia’s GDP dropped 2.7% year-on-year in Q4 2023 and 3.0% in 2023 in real terms (non-adjusted), according to Statistics Estonia. In quarter-on-quarter comparison, GDP continued to contract in Q4, falling by 0.7% (swda). Nominal GDP growth slowed to 4.6% in…
Statistikaameti andmetel vähenes sisemajanduse koguprodukt (SKP) möödunud aasta neljandas kvartalis võrreldes 2022. aasta sama perioodiga 2,7%, jooksevhindades moodustas SKP viimases kvartalis 9,9 miljardit eurot. Kokku langes Eesti SKP 2023. aastal 3%, jooksevhindades oli SKP 37,7 miljardit eurot. Statistikaameti rahvamajanduse arvepidamise…
Inflation falls, but slower than expected; manufacturing keeps struggling, services show signs of recovery No policy changes are expected this week, all eyes will be on the revisions of macroeconomic projections There were no significant changes in economic developments since…
Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the twelve months of 2023. Leasing activity Throughout 2023, the Fund secured important lease extensions with anchor tenants…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 126 million in Q4 2023, and the revenue for 12 months amounted to EUR 466 million, while the respective figures for net profit were EUR 13.9 million and 12 months was EUR…
The main keyword for 2023 was the fastest interest rate increase in the 25-year history of the Eurozone. The consolidated interest expense of EfTEN Real Estate Fund AS increased almost twice compared to a year ago in relation to EBITDA,…
Commentary by the Fund Manager, Viljar Arakas The defining feature of 2023 was the fastest interest rate increase in the Eurozone’s 25-year history. Compared to the previous year, EfTEN Real Estate Fund AS’s consolidated interest expense nearly doubled in relation…
AS Pro Kapital Grupp (hereinafter referred to as the Company) is requesting the approval from the bondholders of the Company’s outstanding bonds listed on Nasdaq Stockholm in order to extend the maturity of the bonds, make certain others amendments to…
