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Thursday, 27.10.2016, 06:01
Investing in new real estate projects in Latvia has shrunk by one third over the past three years, Martins Vanags, the head of the National Real Estate Development Alliance, said today at the construction industry forum "Competitiveness. Growth. Investment", reports LETA.
Keyword tags: Construction, Investments, Latvia, Real Estate
The Competition Council has imposed a fine of EUR 1.6 million on Knauf building materials distributor and Poland's Norgips, the parent company of Norgips, which also belongs to the Knauf Group, the council informed LETA.
Daugavpils Lokomotivju Remonta Rupnica (DLRR), the train engine repair group based in the southeastern Latvian city of Daugavpils, has aksed the government guarantees for provision of bank loan, the company said in its statement to the Nasdaq Riga stock exchange.
Gas interconnector between Finland and Estonia will boost security of supply and bringing economic lift to the region. When the gas starts flowing in 2020, the project will unite the Eastern Baltic Sea region with the rest of the EU energy market. This and other project are parts of the EU’s energy union and aim at building missing energy links, improving supply and ending the energy isolation of the Baltic States.
Construction price index took an upturn in the 3rd quarter due to the increasing costs of construction materials21.10.2016
According to Statistics Estonia, in the 3rd quarter of 2016, the construction price index increased 0.7% compared to the 2nd quarter of 2016 and fell by 0.7% compared to the 3rd quarter of 2015.
SIA Merks, Latvian subsidiary of the listed Estonian construction group Merko Ehitus, is slated to start building a seven-story apartment building in Riga in October, Merko informed the stock exchange .
Latvia's building materials and household goods chain Depo is looking to open its first store in Klaipeda by this Christmas with plans to open four more stores in other Lithuanian cities in late 2017, which means that the Latvian retailer is unlikely to have any major impact on the market until 2018, according to Verslo Zinios reported LETA/BNS on Thursday.