OREANDA-NEWS. On 23 August 2013, a contract was signed by SIA Merks - part of the AS Merko Ehitus group - and SIA Gipsa Fabrika for the works at the residential building located at Balasta dambis 72, Riga, Latvia.

Under the contract, SIA Merks will perform the finishing works in 45 apartment residential building with total area of 4,550 m2. The contract approximate value is EUR 5.3 million, plus value added tax. The works are scheduled for completion in August 2014.

AS Merko Ehitus (www.merko.ee <http://www.merko.ee>) comprises the leading Estonian construction company AS Merko Ehitus Eesti, the Latvian market based SIA Merks and the Lithuanian market based UAB Merko Statyba as well as the group's real estate development business unit together with companies holding real estate properties. As at the end of 2012, the group employed 915 people and the 2012 revenue amounted to EUR 249.1 million.