Latvia: roads to be repaired only in “critical condition”

Amid funding shortages, the state-owned company VSIA Latvian State Roads (LVC) is currently commissioning new road reconstruction projects only for locally critical road sections, LVC Construction Department Director Gints Alberins has said at the company’s annual Latvian road sector conference. According to him, these are sections where the road condition already threatens passability. In all…

Bulgaria: hotel revenues jump as prices rise

Hotel revenues in Bulgaria are rising at a faster pace, with growth reaching 17%, according to the latest data from the National Statistical Institute. The trend reflects changes in pricing and hotel classification rather than a sharp increase in tourist numbers, according to Prof. Rumen Draganov, director of the Institute for Tourism Analysis and Evaluation.…