Kazakhstan: gas-turbine station to be built

ERG Company is set to fund construction of the gas-turbine station in the country’s south. “The company is expected to invest $500 million in installing the gas-turbine station to provide the south of Kazakhstan with electricity and heat energy in the winter,” Shymkent mayor Gabidulla Abdrakhimov said. The government has approved the 2023 Shymkent complex…

Latvia: construction costs up in May 2019

Compared to April, the level of construction costs in Latvia grew by 0.6% in May. Labor remuneration of workers increased by 1.7%, prices of building materials by 0.5%, and maintenance and operational costs of machinery and equipment by 0.1%. In May, the average level of construction costs was affected the most by the increase in…

Lithuania: German company Saferoad Baltic set up

A German-capital road infrastructure company, Saferoad Baltic, has been established in Lithuania. Saferoad Baltic is led by Marcin Baginski, according to the Lithuanian Center of Registers. Its authorized capital amounts to 500,000 euros. Saferoad Baltic’s sole shareholder is the company’s Polish branch Saferoad RRS Polska. According to Saferoad’s website, the company provides safe transport infrastructure…

Ukraine: construction industry up in January-April 2019

In January-April, Ukrainian enterprises completed construction works worth UAH 38.566 billion, and the index of construction in relation to the relevant period in 2018 amounted to 28.1%, Deputy Minister of Regional Development, Construction, Housing and Utilities Lev Partskhaladze wrote on his Facebook page. “In 2019, construction volumes continue growing. In the first four months of…

Estonia: construction volumes up in Q1 2019

According to the information released by Statistics Estonia, in the first quarter of 2019, the total production of Estonian construction businesses in Estonia and foreign countries increased by 2% YoY. Overall construction volumes increased due to work done abroad, as construction volumes on the Estonian market decreased. In the first quarter of 2019, the production…

Latvia: new concert hall to recover investments in 15 years

In the first 15 years after construction of Latvia’s new National Acoustic Concert Hall it will earn Latvia’s national economy a total of EUR 107.6 million, fully compensating investments and creating additional profits of EUR 17.6 million, as concluded in Latvia’s Culture Ministry’s ordered social-economic analysis. According to estimates, the concert hall project’s economic viability…

Ukraine: construction industry up in Q1 2019

In January-March, Ukrainian enterprises completed construction works worth UAH 26.5 billion, the index of construction in relation to the relevant period in 2018 amounted to 124.3%, Deputy Minister of Regional Development, Construction, Housing and Utilities Lev Partskhaladze wrote on his Facebook page. “In 2019, the construction industry continues growing. In the first quarter, construction works…