International Internet Magazine. Baltic States news & analytics
Monday, 20.05.2013, 01:39
Lithuanian building enterprise Hanner has embarked on the second phase of NordWay, a logistics complex project near Saint Petersburg in Russia, Estonian business portal BBN said in a statement, writes LETA.
Keyword tags: Baltic States – CIS, Construction, Good for Business, Lithuania, Logistics, Real Estate, Transport
Businesses indicate a possible increase in the burden of taxation and production costs as the most important issue of the future, while the availability of financing sources is seen as the factor of least concern. Such results were revealed in the Survey of Non-financial Enterprises, conducted by the Bank of Lithuania, informs LETA/ELTA.
In the 1st quarter of 2013, construction volume (at current prices) comprised LVL 142.8 million, according to the latest data of the Central Statistical Bureau.
The Palanga bypass public-private partnership (PPP) project reached financial close. The project was among six PPP pilot projects approved by the Lithuanian government in 2009. The Lithuanian Road Administration selected Kauno tiltai and Siauliu plentas to design, build, operate, and finance the Palanga bypass contract, worth €36 million over 25 years, reported BC head of marketing and communication department at Invest Lithuania Dalius Morkvenas.
The Supreme Court of Estonia resolved not to accept the appeal in case regarding Estonian companies OÜ Metsailu, OÜ Woody, AS Merko Ehitus and OÜ Constancia in a criminal matter No 1-09-20251, Estonian construction group Merko Ehitus informs, LETA cites.
Estonian construction company Nordecon Group informed the Tallinn stock exchange that the group ended the first quarter of the year 2013 with a net loss of 652,000 euros versus a net loss of 1.408 million euros at the same time last year, informs LETA.
Runway surface renovation and other infrastructure development projects started at the Riga International Airport at the beginning of May 2013; the total cost of these projects is LVL 81 million, LETA/Nozare.lv learned from the airport.