Latvia, Legislation, Real Estate
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Thursday, 18.04.2024, 09:33
Valsts nekustamie ipasumi turnover in Latvia grew by 8% in 2014
Last year, Valsts nekustamie ipasumi consolidated turnover reached EUR 2.49 million.
Over 2014, Valsts nekustamie ipasumi and its subsidiaries paid EUR 17.37 million into state budget, which is 33% more than last year. In 2013, Valsts nekustamie ipasumi paid EUR 13 million into state budget.
The most important investments by Valsts nekustamie ipasumi in 2014 were reconstruction of Riga Castle, renovation of the State Archives of Latvia, restoration of the Museum of Rainis and Aspazija, and construction of the State Fire and Rescue Service's fire station in Cesis.
Valsts nekustamie ipasumi manages 1.04 million square meters of real estate area, and 17.57 million square meters of land area.
As reported, in 2014, Valsts nekustamie ipasumi earned EUR 1.31 million, as compared with EUR 5.1 million in 2013, according to Firmas.lv information.
Compared with 2013, the company's turnover this year grew 10%, reaching EUR 48.916 million.