International Internet Magazine. Baltic States news & analytics
Friday, 06.12.2013, 19:14
On Friday, Lithuania's Prime Minister Algirdas Butkevicius buried a capsule marking the beginning of construction of the new summer concert complex in resort town Palanga, informs LETA/ELTA.
Keyword tags: Construction, Culture, Good for Business, Lithuania, Real Estate
The Tallinn city government approved on Wednesday a detailed development plan that gives owners of the Tallink shipping company a green light to build Estonia's largest shopping and entertainment centre in the Lasnamäe city district of the capital city Tallinn, LETA/Eesti Päevaleht writes.
Latvian Saeima approved in principle amendments to the Construction Law today, which propose to establish a new institution – State Construction Supervision Bureau, informs LETA.
In November 2013, seasonal respite before one of most active months of the property trade in Lithuania’s real estate market was felt, informs LETA/ELTA.
Estonia-based construction company Nordecon will support Tartu's SC Duo volleyball club with a total of 45,000 euros over the next three years in order to expand sports activities in the university town and promote volleyball both as a form of recreational and competitive sport, reported LETA Nordecon.
Rigas namu parvaldnieks was the leading company in the housing management industry in Latvia last year, when the company's turnover reached LVL 41.49 million, according to the Latvian Business Report 2013 collated by Firmas.lv and Nozare.lv, informs LETA.
With a turnover of LVL 67.15 million, construction company Skonto buve was the leader in Latvia's construction industry in 2012, according to the Latvian Business Report 2013 collated by Firmas.lv and Nozare.lv, informs LETA.
The weighted average price of a square metre of apartment space in Estonian towns fell by 2.9% in November 2013, LETA/Postimees Online cites the Pindi Index.
Yesterday the Cabinet of Ministers heard the Economy Ministry's report presenting non-governmental organization's proposals regarding measures for construction of publicly-significant buildings and conceptual issues in future operations; among the key alterations to existing practice, a mandatory construction contractor's fee at 0.5% of project costs, and eliminating the "lowest price" principle as the sole criteria for tenders are recommended, informs LETA/Nozare.lv.
Toomas Kaljas, chief engineer at the Finnish Rak Tek Solutions Oy, who gave his assessment recently on the Maxima disaster as an independent expert, saying that the collapse could only have been the result of glaring errors in technical planning, fielded criticism in the public domain on who may have sponsored his Riga trip, reports LETA.
Latvian Association of Civil Engineers is demanding that the coming into force of the new Construction Law be put on hold until the law and related documents are completely in order, the association says in a letter sent to the top state officials of Latvia, informs LETA/Nozare.lv.
Cemex was the largest construction supplies producer in Latvia last year with a turnover of LVL 59.98 million, according to the Latvian Business Report 2013 collated by Firmas.lv and Nozare.lv, informs LETA.
With a turnover of LVL 18.64 million, state property management company Valsts nekustamie ipasumi was the leader in Latvia's real estate and warehousing industry last year, according to the Latvian Business Report 2013 collated by Latvijas Talrunis, Firmas.lv and Nozare.lv, informs LETA.
The group of the initiators of the referendum against Lithuania's land sale to foreigners is afraid that the Central Electoral Commission of the Republic of Lithuania (VRK) is trying to condemn as many signatures as possible, informs LETA/ELTA, referring to Respublika.
Property developer of the collapsed "Maxima XX" in Zolitude – Homburg Group, now working on a new "Maxima XX" in the Mezciems suburb, has come under fire from the Riga Construction Board for shortcomings in the construction site's documents, as Board Chairman Inguss Vircavs told LETA.