International Internet Magazine. Baltic States news & analytics
Monday, 02.05.2016, 00:14
The Baltic States should not hesitate with the agreement on Rail Baltica project for construction of the European standard-gauge railroad that would establish a direct connection between the Baltic States and the European railway network, said Catherine Trautmann, European Coordinator for the North Sea–Baltic core network corridor, in an interview with LETA.
Keyword tags: Construction, EU – Baltic States, Legislation, Railways, Transport
Studio Libeskind has won an international competition organized by Lords LB Asset Management to design a new 40-million-euro commercial complex in Konstitucijos Avenue, on the right bank of the Neris River in Vilnius, the investment management company said on April 29th, cites LETA/BNS.
The Estonian government on April 28th endorsed the budgetary strategy for 2017-2020, according to which in the next few years Estonia's UN Security Council campaign would be supported as well as the reconstruction and restoration of the building complex of the Estonian embassy in Moscow, reports LETA/BNS.
Latvijas Valsts Celi (LVC) state road manager last year generated EUR 13.6 million in turnover, up 12% from 2014, while the company's profit was EUR 57,793, according to the company's financial report published on Firmas.lv business database, cites LETA.
Data of the Central Statistical Bureau (CSB) show that, compared to February 2016, in March 2016 level of construction costs in Latvia grew by 0.2%. Labour remuneration of workers went up by 0.7%, maintenance and operational costs of machinery and equipment – by 0.3%, while prices of building materials went down by 0.1%.
The Estonian government has approved funding for several real estate projects in 2017-2020, including the construction of two regional rescue buildings, a new building for the school of fine arts and renovation of several kindergartens, informs LETA/BNS.
Vakaru Laivu Gamykla (Western Shipyard, or VLG), a Lithuanian shipbuilding and repairing group controlled by Estonia's BLRT Grupp, last year saw its consolidated profits almost treble to 13.5 million euros, from 5 million euros in 2014, although revenue edged down to 95.8 million euros, from 96.1 million euros, the business daily Verslo Zinios reported on Tuesday.