Latvia: construction costs up in June 2017

Compared to May, the level of construction costs in Latvia increased by 0.2% in June. Labor remuneration of workers rose by 0.4%, prices of building materials grew by 0.2%, whereas maintenance and operational costs of machinery and equipment increased by 0.1%, according to data from the Central Statistical Bureau of Latvia. Compared to June 2016,…

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Ukraine: EIB mulling issue of EUR 130 million to Ukrenergo for modernization of substations

The European Investment Bank (EIB) is considering the issue of a EUR 130 million to Ukrenergo for modernization of substations, according to the website of the financial institution. The EIB said the project was aimed at improving energy efficiency, reliability of equipment, reducing operating costs. Its implementation will contribute to the integration of Ukraine’s energy…

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