International Internet Magazine. Baltic States news & analytics
Friday, 31.07.2015, 12:19
Statistics Lithuania informs that in June 2015, compared to May, construction input prices increased by 0.5%. The change was mainly influenced by a 1.5% increase in wages and salaries. Over the year (June 2015, against June 2014), construction input prices increased by 1.8%.
Keyword tags: Analytics, Construction, Lithuania, Real Estate
The state-owned Lithuanian company Lithuanian Railways and joint Lithuanian, Latvian, and Estonia companies will be implementing the Rail Baltica projects, reports LETA/ELTA.
The Cabinet of Ministers and 9th Saeima are to take responsibility for the liquidation of the State Construction Inspectorate, but the Economy Ministry in Latvia deserves the bulk of the blame as it was the ministry that ignored the importance of the inspectorate for the supervision of the construction industry, and irresponsibly suggested liquidation of the inspectorate, according to the findings of the Saeima investigative commission set up to probe the Zolitude tragedy, informs LETA.
Data of Central Statistical Bureau (CSB) show that, compared to May, level of construction costs in Latvia in June 2015 reduced by 0.5%.
The construction of a high-end apartment building is launched in Riga, at 7 Cesu Street. One of the leading construction companies in Latvia – LNK Industries Joint-Stock Company – executes construction works. It is planned to commission the building at the beginning of 2017, informs BC LNK Group public relations and marketing project manager Inga Domka.
The new national football stadium, which is to be constructed on Krisjana Barona Street 116A in central Riga, is planned to be officially opened on June 1, 2017, reports LETA.
The joint-stock construction company BMGS posted EUR 97.924 million in turnover in 2014, a 13% increase on 2013, reports LETA, according to Firmas.lv.