Real Estate

International Internet Magazine. Baltic States news & analytics Friday, 31.10.2014, 21:15

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Lithuania's Audit Office urges institutions to learn from mistakes of others

Lithuania's Audit Office urges institutions to learn from mistakes of others

31.10.2014

Having analysed the results of financial (regularity) audits completed in 2014, the National Audit Office in Lithuania (NAO) summed up the most common errors and irregularities made in the public sector, informs LETA/ELTA.

Keyword tags: Analytics, Financial Services, Legislation, Lithuania, Markets and Companies, Real Estate



One more rally held to save Riga's Lucavsala

One more rally held to save Riga's Lucavsala

31.10.2014

About 20-30 people, concerned about the commercialization of Riga's Lucavsala Island, gathered with placards again yesterday in downtown Riga, reports LETA.

In September, construction input prices increased by 1.9% in Lithuania y-o-y

In September, construction input prices increased by 1.9% in Lithuania y-o-y

30.10.2014

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%.


Teterevs and ABLV to sponsor the construction of Museum of Contemporary Art in Riga

Teterevs and ABLV to sponsor the construction of Museum of Contemporary Art in Riga

30.10.2014

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.

Eesti Pank planning to set requirements for housing loans

Eesti Pank planning to set requirements for housing loans

30.10.2014

Estonia's central bank Eesti Pank announced on Wednesday that is planning to introduce three limits on the issuing of housing loans by commercial banks at the start of 2015, as a precautionary measure to reduce the risks of a lending boom in the future, informs LETA.

29.10.2014

"Palace of Light" Latvian architect to be lauded with award

The architect who designed the new National Library – Gunars Birkerts, will be the recipient of a Certificate of Appreciation from the Latvian Cabinet of Ministers, the Cabinet decided yesterday, cites LETA.

28.10.2014

Vilnius decided to build Tech Park in 19th century hospital

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.

28.10.2014

Government allocates additional EUR 21,532 to maintain former KGB building in Riga

The government today made the decision to allocate EUR 21,532 to help maintain the former KGB headquarters building in central Riga, informs LETA.

27.10.2014

Construction costs in September grew by 0.2% in Latvia

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%.

24.10.2014

Nevertel plans to invest EUR 10 mln in new controversial hotel in Old Town Riga

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.

23.10.2014

Skonto stadium in Riga purchased officially for EUR 35 mln

Entered into the State Land Register is the late-September 2014 purchase of the Skonto Stadium complex in Riga, which went to the MANI Group, owned and operated by the Rudzitis family, who deal in real estate, informs LETA/Nozare.lv.

22.10.2014

Losses caused by flooding in Ogre reach almost EUR 1 mln

Losses caused by flooding in Ogre are estimated to be EUR 882,810, the Ogre City Council spokeswoman Baiba Trumekalne informed LETA.

22.10.2014

Saeima committee conceptually approves proposal to suspend issuing of temporary residence permits to Russians

Saeima's Defense, Internal Affairs and Corruption Prevention Committee in Latvia decided today to approve in principle before the first reading All for Latvia!-For Fatherland and Freedom/LNNK's (VL-TB/LNNK) proposal to suspend issuing of temporary residence permits to Russian citizens for the purchase of real estate in Latvia, informs LETA.

21.10.2014

East Capital acquires Metro Plaza in Tallinn

East Capital Baltic Property Fund II (“the Fund”), managed by East Capital, has yesterday acquired the Metro Plaza office building in Tallinn, Estonia.

21.10.2014

Estonian real estate companies plan to boost turnover and increase staff

According to a survey carried out by the Association of Real Estate Companies (AREC), enterprises in the sector are planning for an increase in sales and in staff during the next six months in 2014 and 2015, writes Äripäev.ee/LETA.

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