Estonia

  • Merko Ehitus grew its revenue and net profit in Q3

    In Q3 2020, Merko Ehitus posted revenue of EUR 79.7 million and a net profit of EUR 4.9 million, representing growth of 8.6% and 92%, respectively, compared to the previous year. The group’s 9-month revenue amounted to EUR 209 million and net profit to EUR 13.1 million. In 9 months, Merko sold 534 apartments. “The …

  • Merko is the most reputable real estate developer

    Kantar Emor’s annual survey of real estate brands revealed that Merko continues to be the most reputable real estate developer in Estonia. Merko was also recognised as the best-known and most reputable real estate developer in Estonia in the 2019 survey. According to the results of a survey conducted by Kantar Emor in September, the …

  • We launched the second stage of the Lahekalda Development Area

    The first apartment buildings in the Lahekalda Residential Block have been completed and residents are already moving in. During the second phase of the development area’s construction, two buildings with a total of 96 apartments will be completed at the end of 2021. The Lahekalda Residential Block is located on Maarjamäe Ridge, at the border …

  • Merko seen as an attractive employer

    Employer branding agency Instar has released the results of its annual survey of work expectations and employers’ reputation, sampling the views of over 6100 university and vocational school students and people with experience in the workforce regarding the attractiveness of 228 Estonian organizations. Merko placed 81st in the overall rankings of Estonia’s biggest and most …

  • The title of Electrical Power Engineer of the Year goes to Merko

    On 15 October, the Estonian Society for Electrical Power Engineering announced the best in the field last year. The title of Electrical Power Engineer of the Year was awarded to Steve Sulev, project manager at Merko’s electricity division, who was recognised for the successful planning and construction management of several important objects. In recent years, …

  • Merko Ehitus is once more the most competitive construction company in Estonia

    AS Merko Ehitus has won the competition for the most competitive companies in Estonia in the category of construction companies for the fourteenth time. This year, a total of 1,418 Estonian companies participated in the competition, which has been organised by the Estonian Chamber of Commerce and Industry since 2003. “Winners of the competitiveness ranking …

  • Renovation of Tallink City Hotel begins

    AS Merko Ehitus Eesti signed a construction contract for the renovation of the Tallink City Hotel on Laikmaa Street in the centre of the Estonian capital city Tallinn. The hotel, which was converted by Merko in 2004 from a former service centre to Estonia’s second-largest hotel, is owned by Vara HTG OÜ, in which ownership is divided …

  • Renovation of Nordic Hotel Forum set to begin

    AS Merko Ehitus Eesti signed a construction contract for the renovation of a city centre hotel on Viru Square. The building, built by Merko in 2007, belongs to Kapitel Group-owned OÜ Veeilu and the hotel is operated by Nordic Hotels. It will re-open in spring 2021.All 267 hotel rooms and common areas will be refitted and the …