construction

Eurozone’s construction sector hit by rising costs

Eurozone’s construction sector hit by rising costs

The eurozone’s construction sector is suffering its worst decline since the pandemic brought the economy to a near-standstill in 2020. The gloomy findings underline how rising borrowing costs, sharply higher raw material prices and …

Turkey to take part in restoration of Ukraine

Turkey to take part in restoration of Ukraine

Ankara and Kiev have signed a memorandum on Turkey’s participation in the restoration of Ukrainian infrastructure facilities, Ukraine’s Ministry of Infrastructure said. "Today in Lvov, Ukrainian Minister of …

EU constructing €8m 'spy-proof' bunker for secret talks

EU constructing €8m 'spy-proof' bunker for secret talks

The EU is building an €8m secure bunker in Brussels so that leaders can discuss secrets without Russian or other eavesdroppers, according to an EU memo describing the project, seen by EUobserver. The chamber could host around 100 …

Nigeria minister: Russia interested in gas pipeline to Morocco

Nigeria minister: Russia interested in gas pipeline to Morocco

Russia has expressed interest in investing in the Nigeria-Morocco gas pipeline project that has been on the cards since 2016, Nigeria's minister of state for petroleum resources Timipre Sylva said. Nigeria and Morocco first signed …

Cement maker Holcim to quit Russian market

Cement maker Holcim to quit Russian market

Holcim is exiting the Russian market, the world's biggest cement-maker said on Tuesday. "The Holcim Board of Directors has decided to initiate the process to exit the Russian market in line with the company's values to …

U.S. to keep imposing sanctions on Nord Stream 2

U.S. to keep imposing sanctions on Nord Stream 2

The United States is set to continue imposing sanctions against Russia’s Nord Stream 2 pipeline project in accordance with the Protecting European Energy Security Act (PEESA), US Department of State spokesperson Ned Price said. …

Nord Stream 2 launch can be postponed until March 2022

Nord Stream 2 launch can be postponed until March 2022

The suspension of Nord Stream 2 AG certification by the German regulator can result in postponement of Nord Stream 2 gas pipeline commissioning until March 2022, sources in the German government said.  "I expect that the start …

Nord Stream 2 works in German zone to be over on September 12

Nord Stream 2 works in German zone to be over on September 12

The Fortuna ship is expected to finish pipelaying works under the Nord Stream 2 project in the German zone on September 12, 2021, Bloomberg said on Sunday, citing Germany’s maritime authorities. According to Maine Traffic, the …

Nord Stream 2 gas pipeline is 99% finished

Nord Stream 2 gas pipeline is 99% finished

The Nord Stream 2 undersea gas pipeline from Russia to Germany is 99% complete, the pipeline operator said on Wednesday, after the pipelay vessel Akademik Cherskiy finished its initially planned workload. The Nord Stream 2 operator also …

Biden: stopping completion of Nord Stream 2 not possible anymore

Biden: stopping completion of Nord Stream 2 not possible anymore

The Nord Stream 2 pipeline project "is 99% finished," it is no longer possible to stop its implementation, U.S. President Joe Biden told reporters before leaving Cincinnati for Washington after a CNN town hall on Wednesday, according to …

Biden accused of “surrendering” to Russia

Biden accused of “surrendering” to Russia

U.S. President Joe Biden is facing bipartisan backlash to his administration’s agreement with Germany that allows a controversial Russian natural-gas pipeline to be completed, Politico writes. Biden and his deputies have long been …

Nord Stream construction works to be completed in August

Nord Stream construction works to be completed in August

Construction works under the Nord Stream 2 gas pipeline project may be finished already in August, Matthias Warnig, managing director of Nord Stream 2 AG, the project operator, said in an interview with the Handelsblatt newspaper on Sunday. …

Pakistan Stream gas pipeline to be built before 2026

Pakistan Stream gas pipeline to be built before 2026

Completion of the Pakistan Stream gas pipeline construction is expected in 2025 in case of stable financing of the project, Energy Minister Nikolai Shulginov said on the sidelines of the St. Petersburg International Economic Forum on Friday. …