Real Estate & Property Investment News in Estonia from Propertyshowrooms.com

Tourist farms cut costs to survive the recession

Fri, 28 Nov 2008 00:00:00 GMT

Many SMEs have already introduced cost-cutting measures ahead of the forecast made by the Finance Ministry this week that the economy will contract 3.5 percent next year...

Estonian development fund lost nearly EEK 200 mln

Fri, 28 Nov 2008 00:00:00 GMT

Estonian Development Fund lost nearly EEK 200 mln from the beginning of the year, since no one did anything with the assets, aripaev.ee mediates dv.ee...

EU report: Baltics risk painful economic adjustment

Fri, 28 Nov 2008 00:00:00 GMT

Estonia, Latvia and Lithuania may undergo a protracted and painful economic slump because the governments of the Baltic states failed to contain runaway credit and inflation, a European Commission...

The future of Estonian Air is splitting businessmen into two

Fri, 28 Nov 2008 00:00:00 GMT

Estonian businessmen are divided over what the state should do in terms of its holding in national carrier Estonian Air...

Residents complain about poor roads of new housing developments

Fri, 28 Nov 2008 00:00:00 GMT

Residents of new housing developments outside the city limits are complaining about poor roads...

SAS pressures Estonian government into selling its holding in Estonian Air

Thu, 27 Nov 2008 00:00:00 GMT

SAS Group that owns 49 percent of Estonian Air is ready to inject more capital into the airline only if it gets the Estonian government’s 34 percent holding...

New apartments now cheaper than Soviet-built housing

Wed, 26 Nov 2008 00:00:00 GMT

Ongoing sales campaigns by Merko, Arco Vara and YIT have driven the price of new apartments to new low...

Estonian kroon can withstand the Latvian currency crisis

Thu, 20 Nov 2008 00:00:00 GMT

High Estonian official say that although rumours of upcoming devaluation of the Estonian kroon have strengthened recently, there is nothing to be afraid of...

Influences of financial crisis yet to come to Estonia

Thu, 20 Nov 2008 00:00:00 GMT

Influences of financial crisis are yet to come to Estonia and so far the state has experienced explosion of our own local bubble, Heido Vitsur, an economic expert at Estonian development fund told...

Estonian resort Haapsalu may be hit by a wave of unemployment

Wed, 12 Nov 2008 00:00:00 GMT

Haapsalu, one of the largest towns in Western Estonia, is preparing for a social disaster since two large plants are preparing for layoffs...

Estonian Air launches fast and convenient online check-in

Wed, 12 Nov 2008 00:00:00 GMT

Flying with Estonian Air became simpler, as in addition to check-in desks and check-in kiosks at Tallinn airport, customers can now check in online on Estonian Air homepage, the company announced...

Soros: the crisis hasn’t hurt Estonian economy

Mon, 10 Nov 2008 00:00:00 GMT

The world’s economic crisis hasn’t hurt Estonian open economic environment strongly, millionaire and philanthropist George Soros said at the meeting with PM Andrus Ansip, delfi.ee writes...

Real estate developer has huge tax debt

Wed, 5 Nov 2008 00:00:00 GMT

Estonian real estate developer AS Fausto that is mainly owned by businessman Kenneth Karpov is having tax arrears in amount of nearly EEK 13 mln, aripaev.ee reports...

Arco Vara refinanced loan for Latvian project

Mon, 3 Nov 2008 00:00:00 GMT

Bišumuišas nami SIA that is a 40 pct joint venture of Arco Group, refinanced in Nordea bank BM-2 project land acquisition loan in value of EEK 219 mln, Arco Vara announced at Tallinn Stock Exchange...

Enterprise Estonia starts winter campaigns introducing Estonia as a tourism destination

Mon, 3 Nov 2008 00:00:00 GMT

At the end of October Enterprise Estonia started large-scale campaigns introducing Estonia in Finland, Sweden, Norway, Great Britain and Russia with the aim to popularize Estonia as a tourism...

Price of construction materials remains high in Estonia

Tue, 21 Oct 2008 00:00:00 GMT

Although the construction boom is over prices of materials have not come down in Estonia...

Estonian real estate agents divided over commercial real estate

Mon, 20 Oct 2008 00:00:00 GMT

While some agents claim that Estonian commercial real estate market has come to a standstill, others see a bright future ahead...

Estonian government loses hope to sell 1.5 billion worth of property

Mon, 20 Oct 2008 00:00:00 GMT

It has now become clear that the government will not reach its target to sell 1.5 billion kroons worth of state property by year-end...

Estonian big businessmen to build noble living and business area

Mon, 20 Oct 2008 00:00:00 GMT

EfTEN Capital, belonging to former CEO of Estonian real estate group Arco Vara Viljar Arakas and Estonian oil businessman Endel Siff's holding N-Terminal’s subsidiary AS Milstrand plan to...

SEB to liquidate its real estate company

Fri, 17 Oct 2008 00:00:00 GMT

SEB Bank in Estonia will liquidate its real estate company Croneland, which among other things developed Pärnu beach building, aripaev.ee writes...

Casinos in Estonia could only stay with hotels

Fri, 17 Oct 2008 00:00:00 GMT

Casinos could be only on hotels where foreign tourists go, Märt Sults, member of Tallinn city council told aripaev.ee...

Buying a dwelling profitable, although rates are up

Thu, 2 Oct 2008 00:00:00 GMT

Under the influence of world financial crises, added interest rates for loans issued anew have already grown and will continue to grow reaching even 5 pct...

Another Estonian real estate developer goes under

Mon, 29 Sep 2008 00:00:00 GMT

On Friday Harju County Court declared bankrupt another Estonian real estate developer Askas Ehitus...

Half of Estonian GDP is created in Tallinn

Mon, 29 Sep 2008 00:00:00 GMT

According to Statistics Estonia, the value added created in Harju county covered 61.1 pct of the Estonia’s gross domestic product (GDP) in 2006. Concentration of active economic activity in...

Estonia in bid to raise UK tourist profile

Fri, 26 Sep 2008 00:00:00 GMT

In a move that could boost investment in tourist property in the country, a body from Estonia has announced it is holding a promotional event in London next month.

On October 9th the Estonian national tourist office is to run a show at the London Guildhall, which will include a workshop in the afternoon and a presentation for tour operators in the evening....

Tourism companies agreed on ending cheap trips

Wed, 24 Sep 2008 00:00:00 GMT

CEO of Estravel, Anne Samlik told at the Business Plan 2009 conference that to avoid bankruptcy all organizers of cheap trips had to make an agreement to end it, writes aripaev.ee...

President of Estonian Air: Estonia is too small

Wed, 24 Sep 2008 00:00:00 GMT

Andrus Aljas, president and member of board of the national airline Estonian Air, told in company’s seminar that Estonia is too small and competition is tight...

Estonian bankers: bankruptcy of Lehman Brothers not to influence Estonia

Tue, 16 Sep 2008 00:00:00 GMT

Erkki Raasuke, CEO of Swedbank Baltic, and Vahur Kraft, CEO of Nordea Bank Estonia, say that the bankruptcy of Lehman Brothers in US does not have a direct impact on Estonian money market...

IRL: state budget has to support Estonian economy’s competitiveness

Tue, 16 Sep 2008 00:00:00 GMT

IRL's Parliament faction decided today that when drawing the state budget for 2009, Estonian economy’s competitiveness has to be preserved and no decisions, which would damage the export, shouldn’t...

Estonia is losing its attractiveness to investors

Mon, 15 Sep 2008 00:00:00 GMT

Oleg Karpikov, managing director of the Estonian-Russian Chamber of Commerce, claims that Estonia’s business climate continues to deteriorate...

fDi ranks Tallinn second in Europe by economic potential

Mon, 15 Sep 2008 00:00:00 GMT

fDi Magazine has ranked Estonian capital Tallinn second in Europe in economic potential just behind Luxembourg and ahead of Paris and London...

Estonian government to take additional EEK 7.4 bln from taxpayers

Thu, 11 Sep 2008 00:00:00 GMT

An extraordinary cabinet meeting yesterday made the decision on VAT increase and in principle endorsed the additional draft budget revenue project in amount of EEK 7.4 billion...

Company of prominent businessmen acquires more property in Estonia

Thu, 11 Sep 2008 00:00:00 GMT

EfTEN Capital, a real estate investment company that belongs to prominent Estonian businessmen, has acquired the logistics complex of Premia Tallinna Külmhoone...

Estonian Air’s autumn campaign offers 30 000 discount seats

Thu, 11 Sep 2008 00:00:00 GMT

Estonian Air launched an autumn campaign with very attractive fares for 30 000 seats into most Estonian Air’s flight destinations...

Flebu Eesti to invest EEK 50 mln in Estonia

Wed, 10 Sep 2008 00:00:00 GMT

Estonian industrial group Flebu is building a new production plant in the Rae municipality near Tallinn for 50 mln kroons...

Developer of Rotermann City attracts tenants with discounts

Wed, 10 Sep 2008 00:00:00 GMT

Rotermann City that is developing the Rotermanni City near Hotel Viru is offering significant lease discounts for tenants...

Riga Airport competition - fatty bite

Wed, 10 Sep 2008 00:00:00 GMT

In the competition of Riga Airport mega-project two Latvian companies participate as well – Skonto Buve, led by Ivars Millers and Aureus Kapitals, which is closely linked to Ventspils transit businness...

Hansabank CEO: crises might continue for up to four years

Wed, 10 Sep 2008 00:00:00 GMT

Erkki Raasuke, the CEO of Hansabank, told Äripäev that the economic crisis in Estonia might last for up to four years...

Savisaar: overtaxation not to bring income

Wed, 10 Sep 2008 00:00:00 GMT

Tallinn Mayor Edgar Savisaar said that the discussed implementation of additional excise duties and rise in VAT are not going to give the desired effect, delfi.ee writes...

Arco Vara: prices of new apartments in Tartu dropping

Mon, 8 Sep 2008 00:00:00 GMT

Eva Kaaver from the Estonian real estate developer Arco Vara's Tartu office writes in today’s Äripäev that the prices of private houses remain unchanged despite the poor transaction activity...

Estonian Finance Ministry wants to raise gambling tax

Fri, 5 Sep 2008 00:00:00 GMT

According to the Estonian Ministry of Finanace, the tax rate on slot machines would rise from EEK 7,000 to EEK 10,000...

Eesti Ehitus sold part of the Ukrainian real estate developer

Fri, 5 Sep 2008 00:00:00 GMT

Estonian construction group AS Eesti Ehitus subsidiary OÜ Eurocon that is responsible for operating the group's economic activities in Ukraine sold 8 pct holding in an Ukrainian...

Armin Karu wants to take Olympic Casino to US market

Thu, 4 Sep 2008 00:00:00 GMT

Estonian casino businessman Armin Karu wants to take Olympic Casino to US market and said that the gamblers’ problem in Estonia is over-emphasized...

Real estate agency: state overvalues real estate

Thu, 4 Sep 2008 00:00:00 GMT

Having in mind the current economic situation in Estonia, also the business plans with great solutions will face difficulties at such price currencies, Ragnar Everest, development manager at...

Newsec: housing construction in Baltics in standstill

Thu, 4 Sep 2008 00:00:00 GMT

The global concern about the financial markets and weakening world economic market have caused slowdown in large-scale developments on Baltic market, Newsec Nordic autumn report shows...

Hansabank CEO: slowdown is very far from being over

Wed, 3 Sep 2008 00:00:00 GMT

The economic slowdown in the Baltic states will worsen and the recovery will take time, the head of the leading Hansabank has warned, Financial Times writes...

Tallinn Airport served 1.2 mln passengers in the first eight months

Wed, 3 Sep 2008 00:00:00 GMT

Altogether 1,132,631 passengers were using the services of Tallinn Airport during the first eight months...

Finance Minister: euro would save Estonia

Wed, 3 Sep 2008 00:00:00 GMT

Estonian Minister of Finance Ivari Padar is convinced that euro would give Estonia more benefit than any kind of tax amendment, aripaev.ee writes...

Estonian central bank governor: a small push is enough for the Estonian economic growth

Wed, 3 Sep 2008 00:00:00 GMT

Äripäev asked the experts when the Estonian economic growth will recover? Estonian central bank governor Andres Lipstok said that since Estonia is that small, only a tiny push might be enough...

Property developer TPD loses EEK 6.5 mln in first half

Tue, 2 Sep 2008 00:00:00 GMT

Trigon Property Development that belongs to investment banker Joakim Helenius says its first-half result was a loss of EEK 6.5 million...