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Bank of Lithuania’s Real Estate Conference in Kaunas: No real estate bubble, yet uncertainty lingers03.12.2018
Investment in commercial RE in Lithuania is at record highs, however, the development of housing and other RE market segments is balanced. Interest rates on housing loans are gradually increasing – likely due to rising demand and reduced competition, while decisions to encourage house purchase in the regions can raise RE prices in areas deemed eligible for housing support. These and other important RE issues are discussed today in the Bank of Lithuania’s annual Real Estate Conference in Kaunas.
Keyword tags: Analytics, Banks, Financial Services, Lithuania, Real Estate
Data from Statistics Estonia show that the average gross monthly wage was up 7.5% over the year in the third quarter of 2018. The rate of wage growth in recent quarters has been affected by the income tax reform. Labour shortages are being eased by workers hired from abroad, and this has reduced the upwards pressure on wages.
Russia's Aeroflot operated the largest number of flights in Lithuanian airspace in November, the state-owned air navigation service provider Oro Navigacija (Air Navigation) said LETA/BNS.
Czech train manufacturer Skoda Vagonka has filed an application with the Latvian Public Procurement Monitoring Bureau claiming violations in a negotiations procedure held by Pasazieru Vilciens rail passenger carrier to select a supplier of new electric passenger trains, the company's representatives informed LETA.
The average price per square meter of apartments in Tallinn rose 3.4% on year to 1,811 euros in November, figures available from the Estonian Land Board show referred LETA/BNS.
Saeima committee agrees that healthcare workers will be permitted to work more overtime hours until 2022 in Latvia
Saeima Social and Employment Matters Committee is planning to increase the maximum number of overtime hours for medical workers until 2022, the commission decided today, informed LETA.
The EIB has signed a EUR 10 million financing agreement with AS HansaMatrix of Latvia, to expand its manufacturing capacity and build a more all-round business model. The facility is made possible by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe, and was supported in the initial stages by Latvian investment agency ALTUM, said EIB in press release.