International Internet Magazine. Baltic States news & analytics
Sunday, 29.11.2015, 03:35
Latest data of the Central Statistical Bureau (CSB) show that compared to September construction costs in Latvia in October 2015 increased by 0.2%. Labour remuneration of workers increased by 0.5%, prices of building materials – by 0.2%; in turn, maintenance and operational costs of machinery and equipment did not change significantly.
Keyword tags: Analytics, Construction, Latvia, Real Estate
Lithuania informs that in October 2015, compared to September, construction input prices decreased by 0.5%. The change was mainly influenced by a 1.4% decrease in wages and salaries.
Cemex was the leading manufacturer of construction supplies in Latvia in 2014 as the company's turnover amounted to EUR 61.08 million, according to the Latvian Business Annual Report 2015, prepared by Firmas.lv and agency LETA.
Subsidiaries of the Estonian listed construction group AS Nordecon, OOO Eurocon Ukraine and OOO Prosperitatis, signed a framework agreement on the construction of a housing district and the accompanying social infrastructure in the town of Brovary in Kiev region on 80 hectares, informs LETA/BNS.
Panevezio Statybos Trestas (PST), one of Lithuania's largest building companies, has bagged a 1.5-million-euro order in Sweden, informs LETA/BNS.
A Vilnius resident has been awarded over 50,000 euros by the Strasbourg court in compensation of damages caused by inadequate decisions made by Lithuanian state institutions in his attempts to recover the land in central Vilnius nationalized during the Soviet rule, informs LETA/BNS.
There are many construction companies registered in Latvia, which provide the services on renovation and improvement of the energy performance of apartment buildings. Self-administrations as well as all the participants of the renovation process should work throughly in order to develop the construction industry and manufacture of construction materials, create new jobs, decrease energy consumption of the state and make the Latvian secondary housing stock safe and high-quality.
Econdo Production, a Norwegian-owned Lithuanian manufacturer of prefabricated wooden houses, is looking to acquire land to build a new factory as it is planning to expand production amid stable revenue growth, the business daily Verslo Zinios reported on Tuesday, cites LETA/BNS.
The listed Estonian real estate developer AS Pro Kapital Grupp made a net loss of 2.8 million euros on revenue of 12.9 million euros in the first nine months of 2015, according to unaudited figures published on Friday, cites LETA/BNS.
Drawings of the security systems of Estonia's new presidential residence in the Rocca al Mare district of Tallinn were for four days publicly available on the internet, news of the public broadcaster ERR reported, cites LETA/BNS.
Hanner, a leading Lithuanian property development group with operations in Lithuania, Ukraine, Russia, Latvia and Romania, plans to spin its cash flow generating projects off into a new company named Hanner RE in an effort to streamline its business, reports LETA/BNS.
Lithuania in the third quarter of 2015 registered some of the biggest declines in construction output in the European Union, figures from the EU statistical office Eurostat showed on November 18th.
Latvia's third largest city Liepaja has just witnessed the opening of a world class acoustic concert hall the “Great Amber”. It's peculiar architectural design and excellent acoustics has put Liepaja on the cultural map of the world, reported BC GREAT AMBER public relations manager Elizabete Hartmane.
Joint tenderers AS Fund Ehitus and AS TREF Nord have won the tender for the construction of a new prison complex in Tallinn at a cost of 73,899,000 euros and scheduled for completion in August 2018, informs LETA/BNS.
The family of Russian Prime Minister Dmitry Medvedev's press secretary Natalya Timakova has bought EUR 1.3 million-worth property in Jurmala that once belonged to the granddaughters of the first President of Latvia Janis Cakste, TV3 television reports, cites LETA.