Date: 19.12.2018.

International Internet Magazine. Baltic States news & analytics Monday, 25.03.2019, 12:23

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Colonna purchased the former Parex Bank building in the centre of Riga

Colonna purchased the former Parex Bank building in the centre of Riga

19.12.2018

Colonna, an investment company specializing in commercial real estate, has purchased an office building at 8 Valdemara Street in the centre of Riga, which is most widely known as former Parex Bank headquarters, informed Colonna representative.

Keyword tags: Good for Business, Latvia, Real Estate



295,000 Estonian residents lived at risk of poverty last year

295,000 Estonian residents lived at risk of poverty last year

19.12.2018

According to Statistics Estonia, 22.6% of the Estonian population lived at risk of poverty in 2017. The percentage of people at risk of poverty increased 1.6 percentage points compared to the previous year.

Shopping mall Dole acquired by Premier Estates LTD

Shopping mall Dole acquired by Premier Estates LTD

19.12.2018

Premier Estates LTD, a company associated with restaurant chain McDonald's, has acquired Tirdzniecibas Centrs Dole, the sole owner and developer of the Dole shopping mall in Riga, according to Lursoft data writes LETA/BNS.


In 2017, household disposable income increased by 11.8 %

In 2017, household disposable income increased by 11.8 %

19.12.2018

Results of the survey conducted by the Central Statistical Bureau (CSB) in 2018 show that, compared to 2016, in 2017 household disposable income1 increased by 11.8%, reaching 489 euros per household member monthly. The growth rate of household income was the largest, compared to the increase recorded in the previous years – 4.9% in 2016, 7.6% in 2015, 9.3% in 2014.

Estonian consumer watchdog checks express loan providers, detects violations by nearly all

Estonian consumer watchdog checks express loan providers, detects violations by nearly all

19.12.2018

The Estonian Consumer Protection Board checked the operations of 60 creditors and credit intermediaries and detected violations in the activities of 55 of them, the errors have now been rectified and brought into conformity with the Law of Obligations Act, reported LETA/BNS.


19.12.2018

Ameriks survives vote of no-confidence to remain Freeport of Riga board chairman

With support from coalition Riga City Council members today, former Riga Vice Mayor Andris Ameriks (Honor to Service), who has been gragged into a corruption scandal, survived a vote of no-confidence to stay on in the lucrative post of Freeport of Riga board chairman, reported LETA/BNS,

19.12.2018

The fall in competitiveness in the economy points to trouble ahead

he Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to close to 2%. One reason that growth will slow is that fewer people enter the labour market. Another reason is the problem of competitiveness at companies, which is indicated by a decline in Estonia’s market share in the main export markets.

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