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…
Deputy CEO for Commerce and Strategic Development at Boryspil International Airport Georgii Zubko says a new hotel is to be built near the airport outside Kyiv, using private investment. “A new hotel complex has been developed for the investor’s money. So, Boryspil Airport won’t spend any funds. Now we are considering the blueprints, they are…
Sergo Stepanyan and Samvel Stepanyan, Russia-based Armenian brothers and successful businessmen, have invested nearly $210,000 (100,000,000 drams) in the Armenian province of Kotayk, the Ministry of Diaspora reported. The two Armenians have funded the construction of a 3 km road in the Nor Yerznka community of the province. The inauguration of the road will take…
An education and science town complex will be built in Georgia’s Black Sea resort town of Batumi, announced Georgian Prime Minister Mamuka Bakhtadze. “We will build the most modern educational space in Batumi. We have very talented children in Adjara region and this project will be implemented for them”, said Bakhtadze, while presenting the project…
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…
A new, modern scientific research and cultural enlightening center-museum will be opened in the vicinity of the Iveria Holy Virgin Mary Church on the Makhata hill in Tbilisi. This will be the place with a mandate to carry out research and studies in full compliance with priorities declared by the Government of Georgia and the…
Rail Baltica has announced an international competition to design the new terminal in the Ulemiste district of Tallinn. Rail Baltic Estonia OU (note the difference in spelling), the Estonian enterprise behind the project, says the contest is aimed at providing a solution for a future joint terminal, set to include a terminal for both international…