International Internet Magazine. Baltic States news & analyticsThursday, 02.09.2010, 22:37
Latvian builders offering half-price work in Ireland
02.09.2010Latvian builders in Ireland are offering much lower prices than local tradesman, according to the "Irish Times" newspaper.
Keyword tags: Construction, Employment, EU – Baltic States, Latvia, Real Estate
Estonians won an international architectural contest on Marriott Hotel in Riga
02.09.2010Indrek Allmann and Joel Kopli, architects of the firm Pluss, won an international architectural contest in Riga, writes LETA/National Broadcasting.
Number of real-estate closings increased by 2.2% in 7 months
02.09.2010Compared to the first seven months of 2009, the number of real-estate closings in Latvia in 2010 has increased by 2.2%, according to a market review by the real-estate company Latio.
Construction costs in Latvia increased by 0.7% in July
31.08.2010Compared to June, construction costs in Latvia in July 2010 grew on average by 0.7%, according to the data of Central Statistical Bureau. Prices of construction materials increased by 1.4%, but maintenance and operational costs of machinery and equipment – by 0.4%.
Skonto Plan to begin construction of Tukums factory at end-2010
31.08.2010At the end of the year 2010, Skonto Plan Ltd. are to begin the construction of a new metalworking factory in Tukums which will produce medical furniture, the company's board member Guntis Ravis said in an interview with the business portal Nozare.lv.
Arco Vara revenue decreased by 47% in H1
Estonian real estate developer Arco Vara generated revenue and other income in amount of 139.1 million kroons during the first half-year in 2010, which is 47% less, year-over-year, Arco Vara reports to NASDAQ OMX Vilnius.
Construction company BMGS turnover grew by 13% in 2009
The joint-stock construction company BMGS registered LVL 60.8 million in consolidated turnover in 2009, according to information from the Register of Enterprises provided by the company Lursoft. This is 13% more than in 2008, when the concern had a turnover of LVL 53.8 million.
Panevezio Statybos Trestas income fell by 21% in H1
Lithuanian group of construction companies Panevezio Statybos Trestas (PST) in the first half of 2010 earned income in amount of 84.5 million litas, which is 21% less in comparison with a corresponding period last year, PST reports to NASDAQ OMX Vilnius.
Construction input prices in Lithuania grew by 0.9% in July
Statistics Lithuania informs that construction input prices in July 2010, compared to June, grew by 0.9%. Over the year (July 2010, compared to July 2009), construction input prices dropped by 2%.
Production of Estonian construction enterprises decreased by 17% in Q2
According to Statistics Estonia, in the 2nd quarter of 2010 compared to the same period of the previous year, the total production of Estonian construction enterprises in Estonia and in foreign countries decreased by 17% at constant prices. The decline on construction market, which remained within 30% since the beginning of 2009 compared to the same quarter of the previous year, slowed down in the 2nd quarter this year.
Five residence permit requests received based on investments in Latvia
Five requests for residence permits in Latvia based on investments made in the country have been received since the new amendments to the Immigration Law came into force, according to the Latvijas Avize newspaper.
Linstow: Valnu Street needs only slight improvements to become Riga's main shopping street
The idea by the real estate and retail center development and management company Linstow Center Management (Linstow) for the development of Valnu Street foresees the improvement of already existing features in order to realize its potential as Riga's main shopping street, with parking spaces offered by the existing car park at Jacob's Barracks, the business portal Nozare.lv was informed by Linstow representative Viesturs Deksnis.
"Marriott Hotel Riga" to be built after Estonian architects' project
A Marriott Hotel will be built in the Latvian capital based on Estonian architectural company's Arhitektuuriburoo Pluss Ou draft, as the project's co-partner Arhiidea reported to the Latvian business information portal Nozare.lv.
Järvevana income total 1.7 mln kroons in H1
Estonia-based developer Järvevana earned finance income in amount of 1.7 million kroons in the first half of 2010, the company reports to NASDAQ OMX Tallinn.
Arco Vara: real estate transactions in Estonia reached pre-boom times again
The demand for dwellings has reached pre-boom times level in Estonia, Mart Saa, the Board Member of Estonia's largest real estate developer Arco Vara, said in an interview to Aripaev, as LETA/BBN reports.
Updating the Nordic-Baltic cooperation 
