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Wednesday, 29.07.2015, 09:49
Estonian Land board announced that in the second quarter of 2015, a total of 15,130 real estate transactions worth approximately 790 million euros were conducted in Estonia, a strong growth year-on-year, writes LETA.
Keyword tags: Estonia, Good for Business, Real Estate
According to the bill of amendments to the Tobacco Law that was sent to a round of approvals at the beginning of July 2015, Estonia's tobacco policy will again become by a few degrees tougher, as smoking areas in institutions will have to go and soon, buildings will be smoke-free, LETA/Eesti Päevaleht writes.
The Cabinet of Ministers and 9th Saeima are to take responsibility for the liquidation of the State Construction Inspectorate, but the Economy Ministry in Latvia deserves the bulk of the blame as it was the ministry that ignored the importance of the inspectorate for the supervision of the construction industry, and irresponsibly suggested liquidation of the inspectorate, according to the findings of the Saeima investigative commission set up to probe the Zolitude tragedy, informs LETA.
Data of Central Statistical Bureau (CSB) show that, compared to May, level of construction costs in Latvia in June 2015 reduced by 0.5%.
The construction of a high-end apartment building is launched in Riga, at 7 Cesu Street. One of the leading construction companies in Latvia – LNK Industries Joint-Stock Company – executes construction works. It is planned to commission the building at the beginning of 2017, informs BC LNK Group public relations and marketing project manager Inga Domka.
The new national football stadium, which is to be constructed on Krisjana Barona Street 116A in central Riga, is planned to be officially opened on June 1, 2017, reports LETA.
Estonian Interior Minister Hanno Pevkur said on July 23rd that the 150 refugees Estonia will receive over two years will not be placed to live in one large house somewhere , but these people will be found apartments across Estonia, LETA/Delfi reports.
The joint-stock construction company BMGS posted EUR 97.924 million in turnover in 2014, a 13% increase on 2013, reports LETA, according to Firmas.lv.
The United States European Command (USEUCOM), in partnership with the U.S. Embassy Riga and the Daugavpils Regional Council, have completed renovation at the Naujene Orphanage, LETA was informed by the embassy's press and culture department.
The Ministry of Environment says that Lithuania will receive substantial EU funding for the renovation of blocks of flats and it will be felt by the whole construction sector, reports LETA/ELTA.
Vilnius City Municipality intends to reconstruct Vokieciu Street, one of the most important locations in Vilnius Old Town. Proposals will be submitted and discussions will last until September 2015. However, it is unclear when the actual work will break ground, reports LETA/ELTA.
The Riga Circus has wasted no time in announcing a tender for a technical probe into the building's condition at Merkela Street 4 in downtown Riga, reports LETA.
The serial apartment prices in Rīga residential areas in June 2015 grew per 0.3 % in comparison with May, while the average price kept increasing up to the position of 645 EUR/m², which is the highest point in last six years in this apartment segment, as indicated in the monthly ARCO REAL ESTATE market overview.
Lithuania Post (Lietuvos pastas) has sold an administrative building in Vilnius (Vivulskis Street), with floor area of approximately 3,000 square metres, for nearly EUR 1.7 million. It is one of the biggest buildings, both in size and in value, sold by the company, reports LETA/ELTA.
Bankruptcy administrator of bank Snoras has started a new stage of property sales. It is expected to sell more than 1,500 movable and 250 immovable properties, including the bank's former headquarters in Vilnius, informs LETA/ELTA.