Real Estate

International Internet Magazine. Baltic States news & analytics Saturday, 24.06.2017, 04:50

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African, Asian, and European cities dominate the list of most expensive locations for working abroad

African, Asian, and European cities dominate the list of most expensive locations for working abroad

21.06.2017

In a rapidly changing world, mobility has become a core component of multinational organizations’ global talent strategy. To support the growing number of international assignees working in an increased number of locations, organizations are focusing on evaluating assignments from a cultural perspective, preparing for regional and lateral moves, and modifying compensation approaches to stay competitive. As organizations grapple with these challenges, they are working hard to accommodate the needs of their workforce and to support employees’ careers. According to Mercer’s 2017 Global Talent Trends Study, fair and competitive pay as well as opportunities for promotion are top priorities for employees this year – not surprising given the current climate of uncertainty and change.

Keyword tags: Analytics, EU – Baltic States, Financial Services, Quality of life, Rating, Real Estate



EUR 2.3 bln worth of EU co-financed projects approved in Latvia so far

EUR 2.3 bln worth of EU co-financed projects approved in Latvia so far

16.06.2017

By June 14 this year, the Latvian Central Finance and Contracting Agency has approved EU co-financed projects worth nearly EUR 2.3 bln which is equal to 52% of the total EU funding available to Latvia in the amount of EUR 4.4 bln, reports LETA.

Housing affordability in Riga improves slower

Housing affordability in Riga improves slower

15.06.2017

Housing Affordability Index in Riga has improved in the first quarter of this year, but the improvement pace has slowed down, said Swedbank, citing the latest Housing Affordability Index (HAI) data.


Jewish museum not planned at Vilnius Sports Palace

Jewish museum not planned at Vilnius Sports Palace

14.06.2017

A new tender should be called by this fall for construction of a Congress Center to replace the former Vilnius Sports Palace, Lithuania's Prime Minister Saulius Skvernelis says, adding that no museum of Jewish history would be opened there, reports LETA\BNS.

Lithuania's Viciunai Group may drop Hilton project

Lithuania's Viciunai Group may drop Hilton project

14.06.2017

Elimination of the VAT privilege for hotels, planned for 2018, may halt investments in the sector in Lithuania. Viciunai, a leading Lithuanian food group that is owned by Kaunas Mayor Visvaldas Matijosaitis, has already announced plans of halting the Hilton construction project in Vilnius, while other investors have not discarded their plans on new hotels, according to Verslo Zinios business daily information writes LETA/BNS.


14.06.2017

Hotel Pullman Riga Old Town named best hotel in Baltics

Pullmann Riga Old Town, a five-star hotel of the Accor Hotels chain, has won the Baltic Real Estate Award 2017 as the best hotel in the Baltic states, the hotel’s representative Valdis Vanadzins told LETA.

12.06.2017

Estonia`s Kaubamaja to announce architectural competition for overhaul of flagship store

The listed Estonian retailer Tallinna Kaubamaja Grupp AS said on Monday that it is about to announce a competition in collaboration with the Tallinn City Planning Department and the Estonian Association of Architects for the architectural design of the so-called Kaubamaja quarter in Tallinn's city center that it intends to subject to a complete overhaul, reports LETA/BNS.

06.06.2017

Ten streets in Riga center to be resurfaced this summer for at least EUR 12 mln

Ten streets in Riga will be resurfaced this summer, including Brivibas Street, Valdemara Street, Elizabetes Street, Stabu Street, and Dzirnavu Street, and the cost of the project will amount to at least EUR 12 mln, Emils Jakrins, head of the Riga City Council's Traffic Department, told a press conference today.

02.06.2017

Tallinn apartment prices up 5.7% on year

The price per square meter of apartments in Tallinn rose 5.7 % year on year in May to an average of 1,664.38 euros, figures available from the Estonian Land Board show LETA/BNS.

01.06.2017

Estonia's Merko enters into construction contract worth EUR 36 mln in Latvia

SIA Merks, a subsidiary of the listed Estonian construction company AS Merko Ehitus, and AS Towers Construction Management on Wednesday entered into a contract for the completion of construction of multifunctional Z-Towers Complex in Riga, and the total cost of the contract is 36 mln euros.

31.05.2017

Eften Real Estate Fund III acquires Hortes center property in Tallinn for 3.1 mln

Estonia's public closed-end alternative investment fund Eften Real Estate Fund III has acquired Hortes gardening center property in Laagri, Tallinn with a sale-and-leaseback transaction from AS Hortes, a Livonia Partners portfolio company, and the total investment amounts to 3.1 mln euros.

24.05.2017

Harsher requirements for buyers of farmlands to affect Latvia’s development

The bill adopted by the Saeima last week, providing for harsher state language requirements for foreigners who buy farmland in Latvia, will negatively affect Latvia’s further development, said Swedish Ambassador to Latvia Henrik Landerholm in an interview with LETA.

24.05.2017

Astlanda Ehitus to construct apartment buildings in Tallinn

Estonian construction company Astlanda Ehitus has begun the construction works of apartment buildings located at 7, 9, and 11 Tobiase Street in Tallinn, the total value of the project is 18 mln euros, reported LETA/BNS.

24.05.2017

Housing loan portfolio in Estonia up 6% y-o-y in April

Corporate and household loan and lease portfolio grew strongly in April, up almost 7% y-o-y. Issuance of new long-term loans to companies remained unchanged from April 2016. New housing loans have seen an increase relative to a year ago.Deposits with banks continued to grow faster than the loan and lease portfolio.

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