Quadrum in Vilnius
Economy

New building in Quadrum business centre in Vilnius will be built

The company Merko statyba which is part of AS Merko Ehitus group and Forumas 4, the company controlled by the Norwegian capital group Schage, signed a contract on const-ruction of a new office building Quadrum South in Vilnius, in Quadrum business city at the address Konstitucijos pr. 21. The value of the contract is higher than EUR 12 million. Completion of the works is scheduled in October 2019. […]

Special premises at the site of the complex of the Great Synagogue of Vilnius. Photo Saulius Žiūra (7)
Culture

Premises on Great Synagogue grounds in Vilnius let to 10 tenants

The City of Vilnius has rented special premises at the site of the complex of the Great Synagogue on the Vokiečių Street to host creative tenants, who will, in their turn, organise various artistic workshops, exhibitions, educational, innovative and artistic projects, teach crafts, there will be educational theatre and visual arts activities. All this will be happening in a 1000 square meters building which used to operate as a primary school and it is atop the former treasured heritage – the Great Synagogue – the Jewish Cultural and Education Centre (13A, Vokiečių Street). […]

A flat in the Kaunas old town
Economy

Losses in rented housing sometimes amount to six-digit figures

Apartment or house rent market is constantly increasing, whereas the major determinants of its growth include the rise of investments into housing intended for rent as well as the opened short-time rent opportunities through the online platforms such as Airbnb or Booking.com. Gains cannot be separated from risks; consequently, we hear increasingly more stories about people who entrusted housing to tenants or short-term guests and eventually had to deal with the costs of tidying up the vandalised premises. […]

Laisvės al. 55, for sale
Economy

KTU will organise public auctions for 5 buildings in Kaunas centre

Lithuanian Government has permitted Kaunas University of Technology (KTU) to sell 5 more unused real estate objects in Kaunas city centre. The buildings, which belong to the State and are being held in trust by the University, will be sold in public auctions. The first of the auctions is planned in October 2018. The funds will be invested into improving study infrastructure. […]

Porsche 911
Opinion

Lithuanians’ cars shopping habits: luxury from Russia and road rangers’ dreams from Germany

Sales of used cars have soared in Lithuania and drivers are most eager to get behind the wheels of Volkswagens, Audis, Opels and Toyotas. Nevertheless, some extremely exotic cars have been registered such as the McLaren or some truly weird ones like the BMW diesel from South Korea. […]

IKEA 75 collection
Society

Lithuanian youth returns to furniture of their parents and grandparents

Every second Lithuanian has warm feelings about pieces of furniture and interior from the previous century. This is more an object of admiration for the younger audience who turns their looks to the times of parents and grandparents. The study carried out at the IKEA Lithuania request reveals that at least one piece of furniture or interior element from last decades can be found in two out of three Lithuanian homes. To celebrate the 75th anniversary, IKEA launched a limited furniture collection of legendary products from the past. […]

Lithuanian and NATO flags
Defence

Braun takes over as commander of NATO battalion in Lithuania

Lieutenant Colonel Rene Braun of Germany took over as commander of NATO’s multinational battalion in Lithuania in a ceremony in Rukla on Thursday. […]