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…

Kazakhstan: company to build railways in Slovakia

Thanks to support of KazakhExport Export Insurance Company (Baiterek affiliate) Kazakhstani companies have reached a new level of cooperation, Chairman of the Board of Baiterek National Management Holding Aidar Arifkhanov said. KazakhExport encourages Kazakhstani companies to enter the international market of construction services. For example, the country’s companies take part in the railways construction tender…

Kazakhstan: Almaty to build 10 ski resorts

“It is planned to build 10 ski resorts in Almaty to boost mountain skiing tourism,” deputy head of the Almaty city tourism department Kalibek Akylbekov said. “Mountain skiing tourism development will embrace three clusters in Almaty and Almaty region until 2025. Last year the Austrian company developed the Almaty and Almaty region alpine tourism cluster.…

Latvia: construction costs up in February 2019

Compared to January, the level of construction costs in Latvia rose by 0.4% in February. Maintenance and operational costs of machinery and equipment increased by 0.8%, prices of building materials by 0.5%, while labor remuneration of workers decreased by 0.1%. In February, the average level of construction costs was mainly influenced by an increase in…

Azerbaijan: new airport to be constructed

A new airport is planned to be built in Shaki district in 2022-2023, the Cabinet of Ministers reported. The construction is mentioned in the strategic plan of Azerbaijan Airlines CJSC for 2018-2025. Recently, a new airport has been built in the Gabala district and the airport in the Zagatala district reconstructed. The largest airport in…

Kyrgyzstan: Russia wants to participate in creation of China-Uzbekistan railway

Russia is interested in participating in the construction of the China-Kyrgyzstan-Uzbekistan railway. Deputy Prime Minister of Kyrgyzstan Zhenish Razakov made the statement during a meeting of the Russian-Kyrgyz intergovernmental commission for trade, economic, scientific, technical and humanitarian cooperation. Deputy PM stressed that Russia’s participation in the project was being considered at the suggestion of the…