International Internet Magazine. Baltic States news & analytics
Saturday, 04.02.2012, 06:34
City Service JSC transfers activity to subsidiary
02.02.2012On 31 January 2012 the first stage of implementation of City Service JSC (hereinafter – Company) Board decision was finished – commercial real estate management and maintenance activities were transferred to the subsidiary of the Company City Service LT Ltd. (code 300883806).
Keyword tags: Legislation, Lithuania, Real Estate
East Capital Fund agrees to buy Tallinn logistics property Tanassilma
01.02.2012East Capital, a Stockholm-based fund manager investing in Eastern Europe, agreed to buy a logistics property in Estonian capital Tallinn as it launched a second real-estate fund in the Baltic region.
Cinema Kosmos building in Tallinn sold for 770,000 euros
31.01.2012Iron Capital OÜ has acquired the cinema Kosmos building in central Tallinn, reports news service BBN referring to Äripäev.
Lithuania's construction input prices decrease by 0.2% in December
31.01.2012Construction input prices in Lithuania in December 2011, against November, decreased by 0.2%, Statistics Lithuania reports.
Construction costs in Latvia grew by 2.1% in 2011
30.01.2012Compared to the average level of 2010, construction costs in Latvia in 2011 increased on average by 2.1%, according to the data of the Central Statistical Bureau. Compared to November, construction costs in December 2011 grew on average by 2.3%.
Real estate prices in Jurmala increased by 20% to 45% in 2011
After a quiet 2010, the real-estate market in the Latvia coastal resort town of Jurmala was very active in 2011 and neared the level of records set in 2006 and 2007, according to information from the Jurmala City Council's financial specialists.
Estonia won’t issue residence permits based on board membership in H1 of 2012
The Estonian interior minister sent to a round of approvals a draft decree that does not allow issuing a residence permit based only on the membership of a management body of a corporate person or sufficient income at least in the first half of 2012, LETA/National Broadcasting reports.
Vilnius to reduce number of communities in 2012
As of this spring, Vilnius will have only five communities, the city's Council has decided today. As of April 1, only 5 of the present 21 community will be left – those furthest from the city centre.
Latio: real estate investments in Latvia to surge over next few years
In the coming years, Latvia will witness a rather strong surge in real-estate investments that will not be related to any banks. These investors will assess their risks and decide that Latvia will be the place for their investments, the board chairman of the real estate company Latio, Edgars Sins, said in an interview with the business information portal Nozare.lv.
New apartments' sales in Vilnius decrease by 4% in 2011
In 2011, sales of new apartments in Vilnius, compared to 2010, decreased by 4%, real estate company Eika said.
Construction price index in Estonia increased by 3.1% in 2011
According to Statistics Estonia, the construction price index increased 3.1% in 2011 compared to the average of 2010, of which labour force 7.6%, building machines 2.0% and building materials 1.5%.
Construction volume in EU grew by 0.2% in November
In November 2011, construction volume in the European Union increased by 0.2%, compared to the respective month in 2010, according to the EU's statistical office Eurostat.
Census result: Latvia’s population comprised 2,067, 887 in 2011
According to the provisional results of the Population and Housing Census 2011, the number of Latvia’s population on March 1, 2011 comprised 2067887. Since the Census 2000 the number of population in the country has reduced by 309 thousand or 13%.
Latio’s CEO: Latvia does not know how to attract large investments
There is a sufficient number of large investors, who would be ready to invest LVL, EUR or USD 300-500 million in Latvia, however, those Latvian institutions that are supposed to attract investments, do not have the necessary capacity to receive them, the real estate company Latio's board chairman, Edgars Sins, told Nozare.lv.
Hill International provided assurance of Latvian National Library construction company's financial stability
Latvian National Library construction supervisor Hill International informs that, during its meeting with the contractor, Nacionalo buvkompaniju apvieniba (Association of National Construction Companies, NBA), NBA provided assurance of their financial capability to finish the project on time and according to the highest quality criteria, Hill International Vice President for Eastern Europe and C.I.S. countries Peter Sockett informs in a statement to the media.
The europact: outcomes for the Baltic States 
