Strong Growth in Lativan Construction Industry

BusinessEconomy ♦ Published: February 15, 2013; 15:56 ♦ (Vindobona)

Data of the Central Statistical Bureau show that, in comparison with 2011, construction output in 2012 has grown by 14.8%. Of which construction of buildings increased by 14.7% and of civil engineering structures – by 16.2%.

Strong Growth in Lativan Construction Industry / Picture: ©

Rise in the construction output during the previous year was caused by the acquisition of EU funding in both construction and maintenance of streets and roads (26% of total construction) - increase of 25.9%, and construction of main pipelines, communication and power lines - growth of 12.9% (5% of total construction). As construction of both residential and non-residential buildings…