Construction industry

BaltCap private equity fund, the concessionaire of the National Stadium in Vilnius, which is undergoing construction, has confirmed that it is looking for an investor for this project, reports Verslo žinios.

In November 2023, compared to October, construction input prices in Lithuania grew by 0.2 percent, the State Data Agency said on Thursday.

The head of Vilnius-based construction company Naresta says that besides tough competition cutting into profits, another tendency has been observed lately and that is the difficulty to find not only local workers but also an adequate workforce from Belarus or Ukraine, the Verslo Zinios business dail...

Hanner Real Estate is to invest €30 million building a new 20,000 sq metre business centre in Vilnius’ financial district.

Researchers at Kaunas University Technology have developed a type of ultra-high performance concrete they say is eight times stronger than the standard concrete. The innovative Lithuanian material will allow architects and engineers considerably more options when designing compact structures requiri...

The company that wins the competition to develop a National Stadium on the outskirts of Vilnius will also be allowed to build apartments on the site as a sweetener to attract potential developers.

The Special Investigation Service (STT) intends to interview Lithuania's Prime Minister Algirdas Butkevičius and Environment Minister Kęstutis Trečiokas as part of an investigation into construction in the territory of Druskininkai Vijūnėlė Manor, southern Lithuania.

Prime Minister Algirdas Butkevičius says that additional EUR 50 million will be allocated to settle with companies that have been carrying out renovation works.

In the first quarter of 2015, the volume of construction work carried out in Lithuania, seasonally and working day adjusted, was on the increase, Statistics Lithuania said.

The structure of Lithuania's economy has clearly changed over the last two decades, an economist says.

Latvia’s construction sector had demonstrated significant growth at the beginning of 2014. As expected, but construction rates soon began to slow down, and so the total growth will likely be insignificant.

Lithuania's Interior Ministry is considering a requirement for basements of new houses and underground parking areas to be adapted to sheltering people from explosions.

Statistics Lithuania informs that in the second quarter of 2014, against the second quarter of 2013, the volume of construction work carried out increased by 16.8 percent and amounted to LTL 2.2 billion (EUR 637 million).

On 1 August, Panevėžio Statybos Trestas AB, a Lithuanian construction company, is starting reorganisation and establishing branches.

Construction on a new bridge over the Nemunas River in Panemunė, an important transport link to Russia’s Baltic enclave of Kaliningrad, will not meet its October deadline due to delays on the Russian side.

Construction company AB Panevežio Statybos Trestas has signed a contract with UAB Devold regarding new textile factory construction in Panevėžys, northern Lithuania, according to a statement by the company.