The Government has decided to finish the construction of the national stadium in Vilnius by 2016, the Baltic Course informs with the reference to the news agency ELTA. The Minister of the Interior, Dalis Alfonsas Barakauskas, says that the construction of the stadium will be …
According to a press release from the Lithuanian real estate agency Ober-Haus, for the second month in a row, Vilnius has not been among the most expensive cities for real estate in the Baltic region, writes www.delfi.lt. The agency records that in April, as in March, the Estonian capital, Tallinn, …
April brought a visible increase in Lithuania’s real estate market activity as property transactions jumped 16 per cent year-on-year, the Baltic Business News reports with reference to news2-biz Lithuania. Apartment trade increased by a solid 35 per cent to a post-crisis monthly record of 2,343 …
Although a large part of commercial banks participating in the Bank of Lithuania’s survey indicated that they do not expect changes in the price of real estate, there has been a significant increase in those that believe that the real estate market market’s stagnation is …
Bigger families, weddings or divorces, children starting their own families – these are the main reasons for Lithuanians to change their place of residence, writes www.delfi.lt. “Our research shows that more than half of Lithuanians spend their entire lives in their original homes. Most Lithuanians …
The cost of both apartments and houses in the capital city, Vilnius, have decreased in price during the year, whilst outside Vilnius, prices in certain housing segments have gone up in price during the first three months of this year, writes www.delfi.lt. The Centre of …
The beginning of 2013 has brought some positive changes to the commercial properties market in Lithuania, writes The Baltic Course with reference to ELTA. Apart from an improvement in occupancy rates and increase in rents, the record high investments in the commercial properties sector were …
Lithuanian State Tax Inspectorate (VMI) which is carrying out a project ‘Housing Without Tax’ in order to identify luxury housing which is not registered in Real Estate Register (NTR) or unfinished or arbitrarily constructed houses is using Google Maps Street View, informs The Baltic Course …
Last week during the programme ‘Business Position’ on the radio station ‘Žinių Radijas’, the head of the construction company ‘Hanner’ Arvydas Avulis complimented the government’s plans to accelerate the renovation of blocks of flats, but noted that when the process gains momentum they will have …
Swedish privately owned media group Bonnier that is parent company of Äripäev and owns film distributor SF Bio and Ratos, owner if film distributor Finnkino, has agreed to merge their cineme distribution operations and form the Nordic region’s largest cinema group, announced the companies, reports …
The real estate market of the Baltic States will grow during the next 2–3 years mainly thanks to the investments of Scandinavian investors, and CIS real estate funds, reported Newsec in its new Baltic Property Market Report.. The company said that it estimates real estate …
SEB’s most recent Baltic Housing Price Indicator from December 2012 shows that Latvians see rising prices in 2013 whereas Lithuanians expect a flat development. Around 39 per cent of respondents in a survey in Latvia said they expect rising prices versus 27 per cent of …
Latvia’s real estate market and that of other Baltic States is now recovering after the stagnation of recent years. The next 2-3 years are expected to have a gradual market increase, because the trust of Scandinavian investors is recovering as well, bnn-news.com reports. Citizens of …
Italy has offered Lithuanian diplomats to move into a palace in central Rome – Palazzo Blumenstihl – in exchange for a historic building Villa Lituania lost during the World War II. According to Lietuvos Zinios daily, Lithuanian diplomats were offered the fourth floor of the …
Statistics Lithuania informs that in January 2013, compared to December 2012, prices for consumer goods and services increased by 0.2 per cent. The overall change in consumer prices was mainly influenced by a decrease in prices for electricity, fruit and berries, fuels and lubricants, as well as …
Hakon Invest continues its upsurge business trajectory with the expansion of the ICA’s stores and food chain network in 2013. After establishing a strategic plan during the autumn of last year, the tactical step of the firm to engage in a frank expansion of its …
In January, the number of real estate transactions have been higher by 1.6 percent than in the same period last year. Although the number of transactions increased, some segments saw negative change, delfi.lt writes. According to preliminary data from the Centre of Registers, there were …
Forbes Magazine has ranked world’s top 25 countries to do business in, and ranked Estonia 22nd, right behind Germany, reported bbn.ee. The authors ranked countries at criteria such as innovation, taxation, technology, corruption, personal and trade freedoms, investor protection, stock exchange, etc. The list was …
Americans are lagging behind in investing in Lithuania despite the favourable business environment in the country, as well as its very qualified labour market and favourable geographic location. There are a number of reasons for this, but “basically, the only thing that is wrong with …
According to the the 2013 Index of Economic Freedom, published today by the Heritage Foundation think tank and the Wall Street Journal, Lithuania scored 22 out of 177 nations in the planet. The report indicates that the “Lithuanian economy has implemented critical reforms in many areas, …
