International Internet Magazine. Baltic States news & analytics
Sunday, 26.06.2016, 09:19
The Tallinn city government has initiated a procedure to prepare a detailed plan for the plots at Narva Road 129 and 129b and nearby areas where the city's new main hospital complex is about to be built, informs LETA/BNS.
Keyword tags: Estonia, Investments, Legislation, Markets and Companies, Medicine, Real Estate
Estonian manufacturer of module homes Harmet OU saw its revenue increase 42.1% year over year to 54.4 million euros in 2015, mainly as a result of a substantial increase in the share of the Swedish market, informs LETA/BNS.
A team of experts from the United Kingdom, Canada, Israel and Lithuania is starting to study the remains of the Great Synagogue of Vilnius and other ritual constructions buried under the ground, informs LETA/BNS.
AS Noo Lihatoostus, a meat processing company based in the small town of Noo not far from the city of Tartu, has started to build an annex to its production building for five million euros and is set to invest 15 million euros more in new facilities and equipment by 2020, writes LETA/BNS.
Estonian Peat Mill, a subsidiary of the construction and energy producing company KMG Inseneriehitus AS, bought the assets of the bankrupt peat harvesting company AS Sangla Turvas for 2.8 million euros at the beginning of June 2016 and intends to have the company resume operations and to make additional investments in it, informs LETA/BNS.
The Estonian Tax and Customs Board will on June 29 stop the issuance of personalized tax numbers on behalf of Finland and in the future Estonian residents about to start working at a construction site in Finland must apply for a tax number at the tax authority of Finland, reports LETA.
In the first quarter of 2016, the Estonian dwelling price index decreased by 0.1% compared to the fourth quarter of 2015, but increased by 2% compared to the first quarter of 2015, informs LETA/BNS.
Residential property prices in Lithuania climbed by 0.8% in the first quarter of 2016 from the previous quarter, data from Statistics Lithuania showed on June 20th, cites LETA/BNS.
Olympic Entertainment Group (OEG) is prepared to sell the building of the newly-opened Hilton hotel in Tallinn if the price is right, core owner and chairman of the supervisory board Armin Karu said at the annual general meeting of shareholders of the listed gaming group on June 16th, cites LETA/BNS.
Today, the grand-open of the five-star Pullman Old Town Riga hotel was opened in downtown Riga center, Dita Mirbaha, a representative of Ukrainian investor Wisher Enterprises, told LETA.
Business sentiment differs across various sectors of the Latvian and Lithuanian economy, with manufacturers being most optimistic in Latvia and builders showing the most upbeat mood in Lithuania, the latest Citadele Index shows, reports LETA.
In the first quarter of 2016, housing affordability in Riga’s standard-design apartments decreased by 1.5 square meters to 52 square meters from the previous quarter due to seasonal changes and a further rise in apartment prices, LETA was told at SEB Banka.
A subsidiary of Pro Kapital Latvia has chosen LNK Industries to build River Breeze Residence, an apartment building in Kliversala, Riga, and has concluded the construction agreement with the builder, reports LETA/BNS.
Estonians conducted 256 transactions to acquire real estate in Finland in 2015, leaving Russians in second place with 181 transactions, informed LETA/BNS, referring to the Finnish agricultural publication Maaseudun Tulevaisuus.
Housing affordability in the first quarter of the year 2016 in Riga has considerably improved and still was the highest one among Baltic capitals, according to the latest Swedbank Baltic Housing Affordability Index (HAI). In Tallinn and Vilnius HAI also increased, writes LETA.