Armenia: new village to be built

The Cabinet has approved the action plan on building a new village for the reconstruction of the unfinished Kaps Reservoir in Shirak Province. The village will be provided for the resettlement of residents whose homes are situated in areas, which will be part of the reservoir. The Kaps Reservoir is located in the Akhuryan floodplain…

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Estonia: wages up in Q2 2020

In the second quarter of 2020, the average monthly gross wage and salary was EUR 1,433, up by 1% YoY, data from statistics Estonia showed. The year-on-year growth has not been as modest for ten years. In the second quarter of 2020 the average monthly gross wages and salaries were the highest in Harju County…

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Latvia: Competition Council to monitor Liepaja SEZ management model change

Competition Council (KP) promises to follow possible competition restrictions that could follow after the change of the management model of Lieapaja special economic zone (Liepaja SEZ), as explained in the letter sent by KP to Liepaja Port Tenants Association. At the beginning of August Liepaja Port Tenants Association “categorically objected” to Transport Ministry’s developed amendments…

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Estonia: construction volume down in Q2 2020

Construction firms’ total production fell by 8% YoY in April-June, state agency Statistics Estonia reported. At the same time, the volume of residential buildings completed rose. The figures include construction by Estonian companies abroad, taking the home market alone, construction volume fell by 5%, Statistics Estonia said. The production value for construction enterprises totaled EUR…

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Ukraine: EUR 450-million road development agreement with EIB ratified

The Verkhovna Rada, Ukraine’s parliament, has adopted the law “On the Ratification of the Financial Agreement “European Roads Ukraine III (Trans-European Transport Network Development Project) between Ukraine and the European Investment Bank””. A total of 288 MPs voted for a respective decision at an extraordinary parliament meeting on August 25. The adoption of the law…

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