International Internet Magazine. Baltic States news & analytics
Thursday, 20.06.2013, 12:29
Lithuania’s City Service wins tender on management services in Poland
18.06.2013A tender to manage municipal apartments, territories and other premises in Poznan, Poland, was won by ZZN, a part of Lithuania-based property management company City Service group, reported LETA the company City Service.
Keyword tags: EU – Baltic States, Good for Business, Lithuania, Real Estate
Riga Court orders custody for bribery scandal suspect Stabina
17.06.2013Today, the Riga Central District Court revised the security measure previously set for former Riga City Council Housing and Environment Department official Arija Stabina, suspected of bribe taking, and ordered her to be taken into custody, Stabina's attorney Liga Cirule told LETA.
Tallinn Seaplane Harbour building get highest EU culture heritage award
17.06.2013Tallinn Seaplane Harbour was handed over the 2013 grand prix of the European Union Prize for Cultural Heritage / Europa Nostra Awards on Sunday in Athens, LETA/Public Broadcasting reports.
Riga City Council bribery scandal suspect Stabina goes missing
17.06.2013Former Riga City Council Housing and Environment Department official Arija Stabina has gone missing, TV3 broadcast "Neka personiga" (Nothing Personal) reports, cites LETA.
Estonian businessmen will build a fishing farm on artificial islands in the Livonian Bay
17.06.2013Tuuletraal OÜ, a company from South Estonian Viljandimaa county, is making preparations to build artificial islands between Saaremaa, Kihnu and Ruhnu islands in the Livonian Bay and start a fish farm in these islands, LETA/Postimees Online reports.
Lithuania's PM: renovation of apartment-blocks is in line with requirements
Prime Minister Algirdas Butkevicius visited Ignalina city on Friday where practical actions have been taken to renovate housing according to the new Apartment Block Renovation Programme, writes LETA/ELTA.
Vilnius' sustainable "Quadrum" business center will create 4,000 jobs
On mAy 29th, workers began construction at the “Quadrum” business center site at Konstitucijos pr. 21 in Vilnius. The nationally unprecedented multi-functional business site, which has attracted 260 mil. Lt. in investments to Vilnius, will create roughly 4,000 jobs and will feature 700 parking spaces, reported BC Vilnius municipality.
Swedbank: housing prices in Lithuania will not grow in 2013
Chief Economist at Swedbank Nerijus Maciulis says that increasing activity of the real estate market does not mean that housing prices will begin to grow, informs LETA/ELTA.
In May, apartment prices grew in all Baltic capitals
According to Apartment Price Index estimated by Ober-Haus Real Estate Advisors, in May 2013 the prices of apartments have increased in all capitals of the Baltic countries, reports LETA/ELTA.
Lithuania's PM: general real estate tax would be unreasonable decision
Lithuania’s Prime Minister Algirdas Butkevicius says that the decision to introduce general real estate tax would be completely unreasonable decision, informs LETA/ELTA.
High activity in private home segment continues in Latvia
Activity in the private home segment remained high in May 2013. The market continues to see, every once in a while, a good offer that is in accordance with demand, and in a favorable location for an adequate price, according to the latest Ober-Haus real estate market overview, cites LETA/Nozare.lv.
YIT to construct Prisma shopping center in Vilnius
The leading European service company in building systems, construction services and services YIT has initiated a new property development project by launching the construction of a Prisma shopping center for SOK in Vilnius, the company said in a statement. The project has been realized by YIT's Lithuanian subsidiary YIT Kausta, writes LETA.
Freeport of Riga took part in square development project in Vecmilgravis
On May 29, 2013 Meldru street square improvement project was officially presented in Vecmilgravis in Riga. The project was implemented by the Freeport of Riga Authority and Vecmilgravis Development Association, informed BC the port’s press service.
By end-2013 the number of deals for the purpose of obtaining TRP in Latvia will exceed 3000
Foreign citizens are still having active interest in buying real estate in Latvia and one of the contributing factors is the possibility to obtain temporary residence permit (TRP). According to projections by Latvian experts, by the end of the year 2013 the number of deals for the purpose of obtaining TRP in Latvia will exceed 3000, for the amount of about 600 million euro, informed BC PR and marketing manager at Baltic Sotheby’s International Realty Ingrida Smite.
May saw post-recession's record apartment market turnover in Estonia
May 2013 was the most active month at the Estonian apartment market since the economic recession as 1,184 ownerships transactions were carried out with flats in 17 larger Estonian cities, LETA/Postimees Online reports.
Common European and global issues for G-8 summit 
