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2019 Merko Ehitus Annual Report
CONSOLIDATED ANNUAL REPORT 2019 AS MERKO EHITUS CONSOLIDATED ANNUAL REPORT 2019 AS MERKO EHITUS GROUP CONSOLIDATED ANNUAL REPORT 01.01.2019 – 31.12.2019 Business name: AS Merko Ehitus Main activities: Holding companies General contracting of construction Real estate development Commercial Register No.: 11520257 Address: Järvevana tee 9G, 11314 Tallinn Postal address: Pärnu mnt 141, 11314 Tallinn Phone: +372 650 1250 Fax: +372 650 1251 E-mail: [email protected] Web site: group.merko.ee Supervisory Board: Toomas Annus, Teet Roopalu, Indrek Neivelt Management Board: Andres Trink, Tõnu Toomik Auditor: AS PricewaterhouseCoopers 2 AS MERKO EHITUS CONSOLIDATED ANNUAL REPORT 2019 TABLE OF CONTENTS MAIN FACTS ........................................................................................................................................................................................................................................... 4 STATEMENT OF THE CHAIRMAN OF THE MANAGEMENT BOARD ....................................................................................................................................... 5 MERKO GROUP ...................................................................................................................................................................................................................................... 6 MANAGEMENT REPORT .................................................................................................................................................................................................................... -
Port of Tallinn - Converting Ambitions Into Action Port of Tallinn Reaches Sea and Land
Port of Tallinn - converting ambitions into action Port of Tallinn reaches Sea and Land We greet We service We connect We develop passengers arriving to cargo ships – create an Estonian biggest islands with attractive real estate and Estonian harbours, organize opportunity for goods the mainland with our five industrial parks in our a warm welcome for them. to move to their ferries and keep Estonian harbour areas. destination. seaways free from ice. Port of Tallinn aims to become the most innovative port on the shores of the Baltic Sea by offering its customers the best environment and development opportunities. Where we operate from harbours to vessel operations Ice-breaker Botnica Port of Tallinn doesn’t by far Muuga Harbour mean ports in the city limits of Tallinn. Tallinn: Port of Tallinn is a port Old City Harbour complex with harbours & Old City Marina located all over Estonia. Paldiski South Harbour Ferry transfer to islands Saaremaa Harbour 2 of our harbours service passengers: Old City Harbour and Saaremaa Harbour Regular passenger lines from Tallinn’s Old City Harbour: Tallinn – Helsinki – Tallinn Tallinn – Mariehamn – Stockholm – Mariehamn – Tallinn St. Petersburg – Helsinki – Stockholm – Tallinn– St. Petersburg Mariehamn Helsinki Stockholm St. Petersburg Tallinn Old City Harbour Regular Cargo Lines Ro-Ro Containers Port of Tallinn’s subsidiary TS Laevad: Domestic Connections Operating ferry traffic between Estonia’s major islands Saaremaa (Muhu) and Hiiumaa and the mainland (contract with the state). 5 ferries Over 2 million passengers and 1 million vehicles a year Port of Tallinn’s Subsidiaries TS Laevad OÜ TS Shipping OÜ Green Marine AS Operating ferry traffic Providing icebreaking and other maritime Providing and coordinating waste between Estonia’s major island support/offshore services with the management services to ships within and the mainland. -
Tallink Grupp As Annual Report 2004/2005 Table of Contents Table of Contents
TALLINK GRUPP AS ANNUAL REPORT 2004/2005 TABLE OF CONTENTS TABLE OF CONTENTS Statement of the Supervisory Board 3 Highlights 2004/2005 5 Key fi gures 8 Three-Year Financial Review 9 Traffi c and Market Conditions 10 Personnel 16 Safety & Environment 17 Corporate Structure 18 Structure of Tallink Grupp AS 19 Supervisory Board 20 Map 22 Terminals 24 Fleet 25 Shares and Shareholders 29 Report of the Management Board 31 Financial Statements 35 Auditors’ Report 68 Corporate Governance 69 Notes 70 Addresses 72 TALLINK GRUPP AS ANNUAL REPORT 2004/2005 11 TALLINK GRUPP AS ANNUAL REPORT 2004/2005 2 STATEMENT OF THE SUPEVISORY BOARD Dear shareholders, customers, partners and employees of Tallink Grupp AS, The 2004/2005 fi nancial year was a very exciting and successful year for our company. We were able to increase our sales 19% and net income 51% through increased passenger and cargo volumes over the previous year. Our hotel business was in operation for the entire fi nancial year and showed satisfactory results. In the past fi nancial year we had 12 vessels operating and a 350-room hotel in the heart of Tallinn. The Supervisory Board of Tallink Grupp AS met 12 times during the past fi nancial year and some of the more substantive issues that were decided upon include the approval of the resolution of the Management Board to choose Aker Finnyards as the Builder of the new cruise ferry New Building 435 at the price of 165 million Euros. The new ferry fi nancing was also approved and delivery should be taken in the spring of 2006. -
Tallink Express Hotel*** Is a Popular Hotel Located in the Centre of Tallinn, Close to the Old Town
Sadama 9, Tallinn 10111, Estonia A HOTEL THAT OFFERS MORE FOR LITTLE Phone: +372 667 8700 • [email protected] in the centre of Tallinn #tallinkexpresshotel LOCATION Centre of Tallinn. Passenger port 300 m, railway station 1 km, bus terminal 3 km, airport 5 km, Old Town less than 10 min on foot. Tallink Express Hotel*** is a popular hotel located in the centre of Tallinn, close to the Old Town. Location makes it an excellent place for spending city breaks or making business trips with visits to historical Old Medieval Town of Tallinn. Hotel is favoured by families, young travellers and adventure seekers as well as by business travellers. Just next door, in the connected building, you can enjoy and relax in pools and saunas of Aqua Spa. ACCOMMODATION POINTS OF INTEREST • 166 double/twin rooms • Old Town: Town Wall, Town Hall Square, Toompea Castle, • 16 Family rooms Dome Church, St. Olav’s Church and St. Catherine’s Passage • Connecting rooms • Freedom Square • Rooms for guests with allergies and special needs • Kadriorg, KUMU Art Museum • All hotel rooms are non-smoking • Rotermann Quarter • All rooms include a shower, free Wifi, TV and phone • Walkway Tallinn Culture Kilometre • Seaplane Harbour DINING & DRINKS • Telliskivi Creative City including Fotografiska • Restaurant Tempo & Bar – rich buffet breakfast, • Estonian National Opera popular soup buffet, lunch offers and à la carte menu • Tallinn Song Festival Grounds • 24/7 opened self-service beer and cider Tap Bar • Seaplane Harbour • Buffet for groups SERVICES & FACILITIES • Multilingual hotel staff • Free luggage room • Free Wifi • Laundry & dry cleaning services • Paid parking areas • Taxi and car rental services • Major credit cards accepted TALLINK HOTELS | +372 630 0808 | [email protected] | www.tallinkhotels.com 20042020ver1. -
Rail Baltica Global Project Cost- Benefit Analysis Final Report
Rail Baltica Global Project Cost- Benefit Analysis Final Report 30 April 2017 x Date Table of contents Table of contents ........................................................................................................................ 2 Version ...................................................................................................................................... 2 1. Terms and Abbreviations ...................................................................................................... 3 2. Introduction ........................................................................................................................ 5 2.1 EY work context ................................................................................................................ 5 2.2 Context of the CBA ............................................................................................................ 5 2.3 Key constraints and considerations of the analysis ................................................................ 6 3. Background and information about the project ....................................................................... 8 3.1 Project background and timeline ......................................................................................... 8 3.2 Brief description of the project ........................................................................................... 9 4. Methodology .................................................................................................................... -
AMENDMENT N° 1 to AGREEMENT No INEA/CEF/TRAN/M2015/1129482
Agreement number: INEA/CEF/TRAN/M2015/1129482 Action n°: 2015-EU-TM-0347-M Innovation and Networks Executive Agency Department C - Connecting Europe Facility (CEF) AMENDMENT N° 1 TO AGREEMENT No INEA/CEF/TRAN/M2015/1129482 The Innovation and Networks Executive Agency (INEA) ("the Agency"), under the powers delegated by the European Commission ("the Commission"), represented for the purposes of signature of this amendment by the Head of Department C of the Agency, Andreas Boschen, on the one part, and 1. RB Rail AS (RB Rail) Joint Stock Company Registration No 40103845025 K. Valdemara iela 8-7 LV-1010 Riga Latvia VAT No LV40103845025, and the following other beneficiaries: 2. Ministry of Economic Affairs and Communications of the Republic of Estonia (Min EAC - EE) - established in Estonia 3. Ministry of Transport of the Republic of Latvia (Min Tran - LV) - established in Latvia 4. Ministry of Transport and Communications of the Republic of Lithuania (MoTC - LT) - established in Lithuania duly represented by the coordinator by virtue of the mandates included in Annex IV of the above- mentioned grant agreement for the signature of this Amendment, hereinafter referred to collectively as “the beneficiaries”, and individually as “beneficiary” for the purposes of this Amendment where a provision applies without distinction between the coordinator or another beneficiary, on the other part, Having regard to the above-mentioned grant agreement concluded between the Agency and the coordinator on 15/11/2016. 1 Agreement number: INEA/CEF/TRAN/M2015/1129482 Action n°: 2015-EU-TM-0347-M Whereas: (1) On 10/04/2017 the coordinator has requested the Agency to amend the above-mentioned grant agreement for the following reason: in light of the Contracting Scheme recently agreed by the stakeholders and related to the implementation of the Global Project Rail Baltica, the implementation plans of ERTMS have been revised. -
Annex to 3Rd IRG-Rail Market Monitoring Report
IRG-Rail (15) 02a_rev1 Independent Regulators’ Group – Rail IRG–Rail Annexes to the 3rd IRG-Rail Annual Market Monitoring Report March 2015 IRG-Rail Annexes to the Annual Market Monitoring Report Index 1. Country sheets market structure.................................................................................2 2. Common list of definitions and indicators ...............................................................299 3. Graphs and tables not used in the report................................................................322 1 IRG-Rail Annexes to the Annual Market Monitoring Report 1. Country sheets market structure Regulatory Authority: Schienen-Control GmbH Country: Austria Date of legal liberalisation of : Freight railway market: 9 January 1998. Passenger railway market: 9 January 1998. Date of entry of first new entrant into market: Freight: 1 April 2001. Passenger: 14 December 2003. Ownership structure Freight RCA: 100% public Lokomotion: 30% DB Schenker, 70% various institutions with public ownership LTE: 100% public (was 50% private, new partner to be announced May 2015) Cargoserv, Ecco-Rail, RTS: 100% private TXL: 100% public (Trenitalia) Raaberbahn Cargo: 93.8% public SLB, STB, GKB, MBS, WLC: 100% public RPA: 53% private, 47% public (City of Hamburg: 68% HHLA, HHLA: 85% Metrans, Metrans: 80% RPA) Passenger ÖBB PV 100% public WLB, GKB, StLB, MBS, StH, SLB: 100% public CAT: 49.9% ÖBB PV, 50.1% Vienna Airport (public majority) WESTbahn: 74% private, 26% public (SNCF Voyageurs) Main developments Rail freight traffic once again receded slightly in 2013 on the previous year. The new entrants could raise their market share in traffic frequency (tons) from 23.2 to 24.9 percent, and their share in transport performance (net tons per kilometre) rose from 17.6 to 19.3 percent. -
Group Annual Report 2019
TRANSLATION OF THE ESTONIAN ORIGINAL GROUP ANNUAL REPORT 2019 TABLE OF CONTENTS 1 WorldReginfo - f77d5b70-799a-46bf-8460-5ac0d9ef2223 TRANSLATION OF THE ESTONIAN ORIGINAL AS Tallinna Sadam GROUP ANNUAL REPORT 2019 Commercial Registry no. 10137319 VAT registration no. EE100068489 Postal address Sadama 25 15051 Tallinn Estonia Registered office Sadama 25 15051 Tallinn Estonia Country of incorporation Republic of Estonia Phone +372 631 8555 E-mail [email protected] Corporate website www.ts.ee Beginning of financial year 1 January End of financial year 31 December Legal form Limited company (AS) Auditor KPMG Baltics OÜ TABLE OF CONTENTS 2 WorldReginfo - f77d5b70-799a-46bf-8460-5ac0d9ef2223 TRANSLATION OF THE ESTONIAN ORIGINAL Contents 1 TALLINNA SADAM AT A GLANCE 5 1.1 Business model 6 1.2 Key performance indicators for 2019 8 1.3 Significant events in 2019 9 1.4 Letter from the chairman of the supervisory board 11 1.5 Letter from the Chief Executive 12 1.6 Vision, mission, values 13 1.7 Strategy 14 1.8 Tallinna Sadam’s stakeholder groups 15 2 SERVICE RESPONSIBILITY 16 2.1 Safety and security 17 2.2 Quality management and risks 18 2.3 Customers and suppliers 19 3 ENVIRONMENT 20 3.1 Clean air 21 3.2 A clean Baltic Sea 23 3.3 Energy efficiency and sustainable use of natural resources 24 4 PEOPLE AND OCCUPATIONAL SAFETY 26 5 GIVING BACK TO SOCIETY 29 5.1 Participation in organisations 30 5.2 Sustainable development cooperation 31 6 BUSINESS REVIEW 32 6.1 Key performance indicators 33 6.2 Economic environment 34 6.3 Overview of the market: passengers -
Estonia Consolidated Annual Report of the State for 2019
ESTONIA CONSOLIDATED ANNUAL REPORT OF THE STATE FOR 2019 1. Management report The management report comprises the general economic indicators of the state (section 1.1) and the financial indicators of public sector and general government (section 1.2). Information on the general government staff indicators, the achieve- ment of the goals set in the government sector action plans and the state’s internal control systems is available in the Esto- nian version of the report. 1.1 General economic indicators of the state Over the past few years, the Estonian economy has % Annual domestic demand growth been in a good state in terms of employment, revenue 60 and export capacity. Economic growth has been a pos- 40 itive surprise, averaging 5% over the past three years. Regardless of the rapid growth, the Estonian economy 20 should not experience any material internal imbal- ances. 0 In 2019, actual economic growth slowed to 4.3%, and -20 7.7% at current prices. Business confidence indicators -40 weakened mid last year in both Estonia and partnering 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 countries. Behind this trend was the slowing interna- Annual private consumption growth tional trade and the deepening uncertainty in eco- nomic policy, which inevitably trickled through to our Source: Statistics Estonia Annual investment growth economy. As a result of a decrease in foreign demand, export growth experienced a downturn in the final % Annual GDP growth quarter. The main domestic demand components expe- 15 rienced slower growth in the second half of the year. In the fourth quarter, economic growth due to net taxes 10 on products was a strong 3.9%, whereas the value- added at whole economy level only increased by 2.6%. -
State Budget Strategy 2020-2023 and Stability Programme 2019
STATE BUDGET STRATEGY 2020– 2023 AND STABILITY PROGRAMME May 2019 1 Table of Contents Table of Contents 21. PRIORITIES OF THE GOVERNMENT OF THE REPUBLIC 10 2. OBJECTIVES OF PERFORMANCE AREAS 16 2.1 National security and defence 17 2.1.1. Military defence programme 21 2.1.2. Programme for developing defence policy and supporting activities 23 2.1.3. Collective defence programme 24 2.1.4. Intelligence and early warning programme 25 2.2. Foreign policy 25 2.2.1. Foreign policy programme 28 2.2.2. Development cooperation and humanitarian aid programme 30 2.3. Internal security 31 2.3.1. Internal security programme 33 2.4. Public administration 34 2.4.1. Programme for supporting the Government of the Republic and the prime minister 36 2.4.2. Public finance programme 37 2.4.3. Administrative policy programme 38 2.4.4. Regional policy programme 40 2.4.5. Financial policy programme 41 2.4.6. Civil society programme 42 2.4.7. Archiving programme 43 2.5. Legal order 44 2.5.1.Reliable and effective judicial area 48 2.6. Agriculture and fishing 49 2.6.1. Agriculture, food and rural life programme 51 2.6.2. Fishery programme 52 2.7. Health 54 2.7.1. Environmental health programme 56 2.7.2. Health risk programme 57 2.7.3. Health care system programme 60 2.8. Social protection 62 2.8.1. Social security programme 64 2.8.2. Welfare programme 66 2.8.3. Gender equality programme 68 2.9. Education 69 2.9.1. -
North Sea – Baltic Core Network Corridor Study
North Sea – Baltic Core Network Corridor Study Final Report December 2014 TransportTransportll North Sea – Baltic Final Report Mandatory disclaimer The information and views set out in this Final Report are those of the authors and do not necessarily reflect the official opinion of the Commission. The Commission does not guarantee the accuracy of the data included in this study. Neither the Commission nor any person acting on the Commission's behalf may be held responsible for the use which may be made of the information contained therein. December 2014 !! The!Study!of!the!North!Sea!/!Baltic!Core!Network!Corridor,!Final!Report! ! ! December!2014! Final&Report& ! of!the!PROXIMARE!Consortium!to!the!European!Commission!on!the! ! The$Study$of$the$North$Sea$–$Baltic$ Core$Network$Corridor$ ! Prepared!and!written!by!Proximare:! •!Triniti!! •!Malla!Paajanen!Consulting!! •!Norton!Rose!Fulbright!LLP! •!Goudappel!Coffeng! •!IPG!Infrastruktur/!und!Projektentwicklungsgesellschaft!mbH! With!input!by!the!following!subcontractors:! •!University!of!Turku,!Brahea!Centre! •!Tallinn!University,!Estonian!Institute!for!Future!Studies! •!STS/Consulting! •!Nacionalinių!projektų!rengimas!(NPR)! •ILiM! •!MINT! Proximare!wishes!to!thank!the!representatives!of!the!European!Commission!and!the!Member! States!for!their!positive!approach!and!cooperation!in!the!preparation!of!this!Progress!Report! as!well!as!the!Consortium’s!Associate!Partners,!subcontractors!and!other!organizations!that! have!been!contacted!in!the!course!of!the!Study.! The!information!and!views!set!out!in!this!Final!Report!are!those!of!the!authors!and!do!not! -
Thesis Submission
SUSTAINABLE CARGO CHECK-IN SOLUTIONS FOR TALLINK SILJA OYJ Jyväskylä University School of Business and Economics Master’s thesis 2021 Purnachand Valluru International Business and Entrepreneurship (IBE) Thesis Supervisor Prof. Juha Kansikas ABSTRACT Author Purnachand Valluru Tittle of thesis Sustainable Cargo Check-in Solutions for Tallink Silja Oyj Discipline Type of work International Business and Entrepreneurship Master’s thesis Time (month/year) Number of pages July 2021 69 pages Abstract The thesis marks the end of my graduation for the degree program of M.Sc. International Business and Entrepreneurship (IBE) at the University of Jyvaskyla, Finland. The main inspiration behind my thesis was the search for a thesis topic with pragmatic implications. It was an earned opportunity because of my participation in a maritime business case competition (IntelligenceHunt2) on behalf of Tallink Silja Oyj (Subsidary of Tallink Grupp AS). The purpose of this thesis is to explore different methods that can be implemented by Tallink Silja for sustainable and efficient check-in of cargo trucks into their vessels oper- ating in various Baltic cities. The topic explored is a real case scenario with on ground implications. My thesis aims to deliver solutions by exploring different barriers that are product of the natural evolution of human lifestyle and suggest solutions using techno- logical advancements and innovations to overcome said barriers and increase efficiency. In order to understand this qualitative and multiple case study analysis based thesis more thoroughly. I took a look at different theoretical themes such as Sustainability in logistics, Rapid ur- banisation and its effects, the need for Digitalisation and then move towards further ex- plaining the current check-in methods and finally offer our researched and recommended solutions with giving a brief idea into the challenges that company might face implement- ing these solutions.