International Internet Magazine. Baltic States news & analytics
Tuesday, 01.12.2015, 05:54
According to Statistics Estonia, in the 3rd quarter of 2015 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries decreased 5%. If only the Estonian construction market is taken into account, the construction volumes decreased 10%.
Keyword tags: Analytics, Construction, Estonia, Real Estate
Panevezio Statybos Trestas (PST), one of the leading construction groups in Lithuania, said on November 27th that its consolidated net profits for the nine months through September 2015 increased to 1.437 million euros, up 38% from 1.041 million euros in the same period last year, reports LETA/BNS.
Latest data of the Central Statistical Bureau (CSB) show that compared to September construction costs in Latvia in October 2015 increased by 0.2%. Labour remuneration of workers increased by 0.5%, prices of building materials – by 0.2%; in turn, maintenance and operational costs of machinery and equipment did not change significantly.
Lithuania informs that in October 2015, compared to September, construction input prices decreased by 0.5%. The change was mainly influenced by a 1.4% decrease in wages and salaries.
Cemex was the leading manufacturer of construction supplies in Latvia in 2014 as the company's turnover amounted to EUR 61.08 million, according to the Latvian Business Annual Report 2015, prepared by Firmas.lv and agency LETA.
Subsidiaries of the Estonian listed construction group AS Nordecon, OOO Eurocon Ukraine and OOO Prosperitatis, signed a framework agreement on the construction of a housing district and the accompanying social infrastructure in the town of Brovary in Kiev region on 80 hectares, informs LETA/BNS.
Panevezio Statybos Trestas (PST), one of Lithuania's largest building companies, has bagged a 1.5-million-euro order in Sweden, informs LETA/BNS.