Kaunas construction boom set to continue

Kaunas construction boom set to continue

Published at: 2018-04-24 11:23 | Author: CIJ Baltics
Over 450 building permits have already been issued in Lithuania's second city this year, according to the Kaunas district council. This comes after a 2017 that saw over 1,000 permits issued. The construction boom has seen more office space created in Kaunas than in the larger Baltic capitals of Riga and Tallinn. With further companies such as Hollister Incorporated and Hella opening operations in the city this summer, thousands more jobs will be created. Increased job opportunities in the city have attracted more than 26,000 new residents in the last two years. Of these, 9,000 have moved from the surrounding region, 14,000 from from the rest of Lithuania and 3,000 have come from abroad. The influx of new residents is stretching the current level of services. This is why the city will be investing over €10 million to expand and redevelop three schools in the city.

Similar Stories:

Nordecon AS announce profits in the first half of 2018
Nordecon AS announced profits of almost €3.2 million in the first half of 2018, thanks p  »
Dermeková named Head of Valuation at JLL Slovakia
Barbora Dermeková has been promoted to the head of the JLL Slovakia's valuation depa  »
Commerz Real acquires Uhland Carré in Stuttgart
Commerz Real has acquired Uhland Carré in downtown Stuttgart for its open-ended real esta  »
Slovak investments on record pace for 2018
The Slovak real estate investment market produced nearly €500m in deals during the first  »
And it’s not just shift workers to man the machines and assembly lines and to stack good   »
Czech Republic  ♦  It‘s Prague 4 vs. The World
Prague 4 appears to have done away with formalities and diplomatic language and made it cl   »
This reflected economic and political reality, as the country is being pulled in differing   »
In Brno, Messe Düsseldorf, the German majority shareholder in Veletrhy Brno, has even hal   »