Compared to December 2019, the level of construction costs in Latvia fell by 0.2% in January 2020. Labor remuneration of workers reduced by 0.9% andprices of building materials – by 0.1%, but maintenance and operational costs of machinery and equipment rose by 0.2%. In January, the average level of construction costs was mostly affected by…Details
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The Land Transport Agency of Georgia has suspended freight transportation to Italy and Iran amid the coronavirus outbreak. The Agency has also cancelled the validity of the permits, which have already been issued. Georgia, which suspended flights with Iran in early February, also imposed restrictions for road travel with the country after the coronavirus in…Details
“Last year about 620,400 square meters of housing or 5,789 apartments were built in Turkestan region. This year it is targeted to build 670,000 square meters of housing,” head of the regional construction department Toktar Ussipaliyev has reported. Besides, 198 investment projects were carried out in 2019, and 100 projects were put on-stream. 98 projects…Details
“Shepetivka Sugar” LLC will determine the quality of “sweet” roots with the help of the first in Ukraine robotic beet laboratory. Shepetivka Sugar Refinery will meet next season not only with the European technology of sugar beet dry transportation, but also innovative technologies for determining the quality of root crops, because the company plans to…Details
First Deputy Minister of Economic Development, Trade and Agriculture Pavlo Kukhta says the ministry plans to raise about $5 billion for the national budget from the sale of state-owned enterprises. “Now we are selecting the last group of enterprises subject to privatization via the State Property Fund, that is more than 300 companies. Following that,…Details
The coronavirus Covid-19 may force corrections to Latvia’s economic growth outlook, according to European Commission’s (EC) representatives in Latvia. EC’s report on Latvia published on February 26 mentions that the country’s GDP growth may be 2.3% in 2020 and 2.4% in 2021. Compared to the outlook for Latvia’s GDP growth in 2020 reported by EC…Details
Bishkek Passenger Motor Transport Enterprise of the City Hall of the capital has announced a tender for the purchase of 100 buses, the state procurement portal says. The enterprise plans to spend 650 million soms on these purposes. The cost should include spare parts, equipment for repair and maintenance at the rate of at least…Details