News

Construction contract in Lithuania (NATO training center buildings in Vilnius)

On 23 November 2022, UAB Merko Statyba, part of AS Merko Ehitus group, and North Atlantic Treaty Organization (NATO) Support and Procurement Agency entered into a contract for the construction works of training center buildings in Vilnius, Lithuania. The contract value is approximately EUR 7 million, plus value added tax. The construction works are scheduled ...


MERKO completed the construction of Tokvila automotive Repair Centre in Vilnius

UAB Merko statyba has completed the construction of a new pre-owned car sales and body repair centre at Savanorių prospektas, Vilnius, owned by Tokvila company. This is the largest in the Baltic States. The new centre, which covers more than 11,000 square metres, will have an enclosed, heated area for the displaying and storing up ...


MERKO has completed the first phase of development of UAB “Continental Automotive Lithuania” production building in Kaunas

Merko statyba has completed the construction of a modern production plant of automotive electronic components for UAB “Continental Automotive Lithuania” in Kaunas, which currently meets the highest building standards applicable to the automotive industry. “I would like to express my gratitude to the entire team of Kaunas production plant, as well as our contractors. The ...


First-quarter results of MERKO: turnover from work contracts increased by 34%

In the first half of 2022, the turnover of Merko statyba UAB reached EUR 13 million and was 34% bigger than in the same period last year (EUR 8.6 million). The main contract projects currently under the implementation by the company: construction of the industrial building of Continental Automotive Lithuania UAB in Kaunas is nearly ...


Merko Ehitus earns EUR three million net profit in Q1

Revenue for Merko Ehitus in Q1 2022 grew to EUR 68 million, operating profit amounted to EUR 3.7 million and net profit to EUR 3 million. In the first quarter, Merko delivered 126 apartments to buyers and the construction of 1,700 apartments is now under way. “The situation on the construction market continues to be ...