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…
In January-May the volume of construction works in Ukraine increased by 26.3% YoY, according to the data provided by the State Statistics Service. In particular, the construction of engineering facilities in January-May rose by 40.6%, and construction of buildings – by 14.8%, as compared with the relevant period last year. Also, the construction volume of…
In January-May the volume of building materials production in Azerbaijan amounted to 325.5 million manats, up by 5% YoY, the State Statistics Committee reported. According to the report, the biggest growth, 1.8-fold, was recorded in the production of asphalt, followed by a 65.4% increase in the production of processed marble, travertine, alabaster and products made…
Ukrainian Prime Minister Volodymyr Groysman said Ukraine in 2017-2018 built more roads than in the previous decade thanks to the implementation of the government’s five-year strategy. “We built 6,800 km of roads in 2017-2018. It can be said that much less was done in the previous ten years,” he said at a government meeting. At…
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…
The Asian Development Bank (ADB) is financing repair work on the Tbilisi Metro system with $15 million, announces Tbilisi Mayor Kakha Kaladze. The repair work includes the installation of new cables, 32 European standard ventilation systems and 28 airing tunnels. “We have a very difficult situation in Tbilisi Metro in terms of electric wiring. Since…
The Norwegian company Scatec Solar has started construction of a 148 MW solar power plant in Ukraine. The 148 MW Prohresivka solar station will be located in Mykolaiv region, according to the company’s press release. The project will be implemented in collaboration with PowerChina Guizhou Engineering Co. Ltd. that will provide construction financing and engineering…