SIA Merks, the Latvian part of Estonia's large AS Merko Ehitus construction group - which has been contracted to finish the towers for €36 million - earlier said the state-of-the art buildings would be completed by September 2018.
Now they say they hope to resolve an unspecified conflict with their client. More than ten subcontracted companies are at work at the construction site, as well as almost 500 employees who were told works are stopped when they arrived to the site on Wednesday morning.
"Yes, construction has been stopped for a while, but not abandoned. We hope to resolve our differences successfully and continue working at the site. As the general contractor, Merks have fulfilled their obligations to its subcontractors," said Merks representative Liene Meklere-Kutsare.
The client, Towers Construction Management, did not offer comment as to why construction has stopped.
Towers Construction Management is owned by companies related to the international SPI Group, which in turn is owned by Yuri Shefler, known as the Russian "vodka oligarch", also owner of the Latvijas balzams alcoholic drink manufacturer.