Latvia

  • Andris Bišmeistars to become the new CEO of Merks as of April

    There will be a change in the Management Board of SIA Merks as of 1 April 2020. Oskars Ozoliņš, who has held the position of the Chairman of the Management Board since 2012, will leave the company. Current Member of the Management Board and Construction Director Andris Bišmeistars will start as the new Chairman of …

  • Merko building more than 1,100 apartments in the Baltics

    Merko Ehitus posted revenue of EUR 73 million in Q3 and EUR 228 million for the first nine months of 2019. The group’s net profit for Q3 was EUR 2.5 million, and the nine-month net profit was EUR 7 million. The decline in the group’s revenue stems from the completion of major construction projects in …

  • Merko Ehitus posted six months’ revenue of EUR 154 million

    Merko Ehitus posted revenue of EUR 77 million in Q2 and EUR 154 million for the first six months of 2019. The group’s profit before taxes in Q2 was EUR 4.5 million and profit before taxes for six months was EUR 7.5 million; net profit amounted to EUR 1.7 million and EUR 4.5 million, respectively. …

  • Ventspils Secondary School of Music and Concert Hall “Latvia” have been commissioned

    On 5th of June the State Construction Control Bureau signed the act on the acceptance for operation of the new Ventspils Secondary School of Music and Concert Hall “Latvia”. The design of the building was developed by the architect bureau “Haascookzemmrich Studio 2050”, represented by the German architect David Cook, and the construction works were …

  • Highly appraised energy efficiency of “Merks Gaiļezera nami”

    In the contest “Latvia’s Most Energy Efficient Building 2019” the project “Merks Gaiļezers nami” in Mežciems, Gailezera Street 15, got 2nd place in the category “Multiapartment Building – New Building”. The first-stage houses of the project were placed in service in 2018 and various modern solutions for high energy efficiency have been used in their …

  • Capsule enclosed in foundations of “Merks Viesturdārzs”

    On this day, a symbolic foundation stone for successful construction works will be enclosed in the foundations of the residential project “Merks Viesturdāzs” in the form of a capsule, holding a message to future generations about  the project. “We see how this special, but not yet organized spot in Riga, between Andrejosta and the Quiet …

  • Merko Ehitus Q1 profit grew to EUR 2.8 million

    In Q1 of 2019, Merko Ehitus posted revenue of EUR 77 million and net profit of EUR 2.8 million. The number of apartments delivered to buyers in Q1 of this year grew more than 20% year-over-year. “Nearly 4% decrease in revenue in the first quarter was expected, considering the trend of decreasing construction orders on …

  • Topping out celebration for “Merks Gaiļezera nami”

    The topping out celebration for the residential project “Merks Gaiļezera nami” has marked reaching the peak and completing construction of the structural scope of the building. All buildings of the second stage of the project have already acquired their full shape, and this concludes a significant stage of the works. Construction of the second stage …

  • SIA Merks sings a contract to build “Laima” factory

    Construction company “Merks” has signed a contract with SIA “Orkla Confectionery & Snacks Latvija” for the construction of a new “Laima” factory in Ādaži, Laimas Street 6. The total amount of the contract is EUR 8.9 million and construction will start in April this year. “We are very pleased to sign this contract, because the …

  • SIA Merks receives highest industry awards

    Confirming its expertise and professionalism in implementing high quality residential projects, the construction company “Merks” has received two highest industry awards in the contest “Latvia’s Building of the Year 2018”. In the first-ever “Innovations” category of the contest, the design of the project “Merks Viesturdāzs” was awarded with the highest acknowledgement. The design of the …