Estonia

  • Euromoney once again nominates Merko as the best real estate developer in Estonia

    The world’s leading business and investment magazine, Euromoney, acknowledged in its newest real estate market survey that AS Merko Ehitus is the best real estate developer in Estonia. Merko triumphed in all five categories, including overall, residential, industrial and leisure. Merko earned the best real estate developer recognition also in 2012. “The results of the …

  • Merko launched construction of five-storey apartment building in Kristiine district

    Merko started the construction of a modern five-storey apartment building at Rästa 18 in the Kristiine district of Tallinn. The construction is estimated to be completed by the end of 2015. The building has the same architectural solution as the adjacent Tedre 55 house that has now been sold. “The Kristiine district is highly prized …

  • For a ninth year, Merko provides support for promising young Estonian Nordic skiers

    Merko Ehitus and the Estonian Ski Association have been partners in cooperation for nine years and a new agreement will give future hopefuls the U23/Merko Team assurance in preparing to contend for titles this upcoming season. The U23 Merko Team in the 2014/2015 season consists of Kati Tammjärv (Tartu Ski Club), Marko Kilp (Nõmme Sport …

  • Merko Ehitus Q2 net profit grows 60% compared to last year

    Merko Ehitus reported revenue of EUR 64.8 million in the second quarter and EUR 113.7 million for the first six months of 2014. The share of revenue earned outside Estonia in those six months grew, reaching close to 31%. The lower construction volumes in the engineering and road construction segment have been compensated by projects …

  • Merko completes complicated Tondiraba Ice Arena in 14 months

    The three-storey multifunctional Tondiraba Ice Arena opened on 1 August consists of a main arena with 5,840 seats, two practice rinks and a curling rink. The main arena can be used for practice and competition in figure skating, hockey, volleyball, handball, gymnastics and other sports. The other two practice rinks can be used for figure …

  • Narva-Jõesuu beach area development and reconditioning works completed by Merko

    Friday, 4 July, saw the festive opening of Narva-Jõesuu promenade. The Narva-Jõesuu beach area development and reconditioning works also included the renovation of the public urban space bordering on the beach of one of the most renowned summer resorts of Estonia. The works were performed by the consortium of AS Merko Infra and AS Merko …

  • Merko Ehitus increases revenue from foreign sales

    Merko Ehitus posted sales of EUR 48.9 million in the first quarter, representing growth of 2% compared to the same period last year. Over one-third of the revenue came from sales outside of Estonia. The company’s net profit in the first quarter was EUR 0.7 million and the gross margin was 8.1%. The company signed …

  • Merko’s Project Director Tiit Joosti selected Civil Engineer of the Year for 2013

    The winner of the 2013 Civil Engineer of the Year competition, which was organised by the Estonian Association of Civil Engineers, is Tiit Joosti, project director at AS Merko Ehitus Eesti, who was selected thanks to his successful management of the construction work at the Ülemiste crossing, where he acted as civil engineer. Tiit Joosti …