International Internet Magazine. Baltic States news & analytics
Friday, 31.10.2014, 06:00
Statistics Lithuania informs that construction input prices in September 2014, against August, decreased by 0.2%. The change was mainly influenced by a 1.1% decrease in wages and salaries which was determined by lower lump sums, bonuses and premiums. Over the year (September 2014, against September 2013), construction input prices increased by 1.9%.
Keyword tags: Analytics, Construction, Lithuania, Real Estate
Today, Latvian Minister of Culture Dace Melbarde and the council members of the long-discussed Museum of Contemporary Art in Riga – Inara Tetereva, Boriss Teterevs, Ernests Bernis and Olegs Fils, signed an agreement of construction for the complex, be located in an uptown area between Hanza, Pulkveza Brieza, and Skanstes Streets, reports LETA.
The mayor of Vilnius – Arturas Zuokas – has announced the construction of Vilnius Tech Park, a tech hub for startups and other businesses involved in the ICT industry within Lithuania. The site will be situated in Sapiega Park and housed in what's currently a run down 19th century hospital, reported BC head of public relations at Vilnius City Municipality Irma Juskenaite.
Latest data of the Central Statistical Bureau (CSB) show that compared to August, construction costs in Latvia in September 2014 increased by 0.2%. Labour remuneration of workers increased by 0.3%, maintenance and operational costs of machinery and equipment – by 0.2% and prices of building materials – by 0.1%.
Construction of the LitPol Link power interconnection with Poland, one of Lithuania's most important current energy projects, is rapidly pushing forward, with 45 percent of planned works now complete, Litgrid, the Lithuanian electricity transmission system operator, reports.
The pan-Baltic railway line Rail Baltica's Estonian project manager Miiko Peris said that Estonia intends to submit the first, 191 million euros financing application already in February 2015, LETA/Public Broadcasting reports.
The Lithuanian real estate company Nevertel plans to invest about EUR 11 million in the new hotel at 25 Grecinieku Street in the Old Town of Riga, as Nevertel representative in Latvia Ramona Miglane revealed, cites LETA/Nozare.lv.