Estonia: Construction Output Grows Massively

BusinessEconomy ♦ Published: March 1, 2013; 13:56 ♦ (Vindobona)

In 2012, the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 2.1 billion euros, which is 19% more than a year earlier.

Estonia: Construction Output Grows Massively / Picture: © Vindobona.org

Construction volumes increased for the second year in a row.

The production value of building construction was 1.2 billion euros and the production of civil engineering works totalled 849 million euros. Compared to 2011, the volume of building construction in real terms increased by 20% and the volume of civil engineering by 16%. The growth is caused mainly by…