International Internet Magazine. Baltic States news & analytics
Thursday, 26.11.2015, 02:15
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.
Keyword tags: EU – Baltic States, Financial Services, Legislation, Lithuania, Real Estate
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.
The Estonian Interior Ministry has begun to deliver personal offers to landowners in southeastern Estonia whose land plot may be needed for the construction of facilities on the Estonian-Russian border, reports LETA.
The latest data compiled by the Central Statistical Bureau of Latvia (CSB) show that in the 3rd quarter of 2015 as compared to the corresponding period of 2014 construction production volume according to calendar adjusted data at constant prices grew by 4.9%.
Statistics Lithuania informs that, based on the data from the Building Permits and State Construction Supervision Information System the Republic of Lithuania (IS) Infostatyba, in III quarter 2015, against III quarter 2014, the number of building permits issued decreased by 9.8%, of which for the construction of residential buildings – by 12.7%.
Statistics Lithuania informs that in III quarter 2015, the volume of construction work carried out in the country amounted to EUR 754.5 million at current prices. Against II quarter 2015, the volume of construction work increased by 12.6%, seasonally and working day adjusted – decreased by 4.6%.
The six-month Euribor rate that has fallen below zero favors investment in rental real estate as banks do not pay interest on deposits in these conditions, head of the Estonian real estate portal kv.ee Tarvo Teslon says, reports BNS/LETA.