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…

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…

Latvia: Riga City Council to borrow EUR 8.9 million for transport infrastructure development

To contribute to implementation of investment projects in Riga’s transport infrastructure, the municipality’s interim administration decided to borrow EUR 8.9 million from the State Treasury, as confirmed by Riga City Council. This money is planned to be used on reconstruction of Ieleja Street and Asnu Street, outline red lines for parking areas along streets, cycling…