With an 11% growth in cement consumption in 2010 and a further 12% growth expected for 2011, cement producers in the countries of the former Soviet Union have been able to forget about the dramatic events of 2009, when there was a reduction of more than 20% in the consumption …
Read More »Polish road construction market to grow nearly 25% in 2011
Activity in Polish road construction will peak in 2011 and 2012. Driven by substantial capital expenditure by the General Directorate for National Roads and Motorways (GDDKiA), the value of roadwork will exceed PLN 30bn (€7.5bn) already in 2011. Delays in the implementation of projects related to Euro 2012 and sustained …
Read More »Construction industry in Romania expected to stabilise in 2011
Prior to the start of the crisis, the Romanian construction industry was one of the most vibrant in the European Union, but this changed dramatically in 2009, when construction output fell by 15%, with a similar reduction following in 2010. The current year should finally lead to a measure of …
Read More »Construction in Hungary to speed up in 2012
Despite a very weak 2010 and a poor start to 2011, the Hungarian construction market will begin its recovery from 2012 onwards. Public infrastructure projects will be the main driver of this growth. The first edition of the report “Construction sector in Hungary 2011 – Development forecasts for 2011-2013”, published …
Read More »Construction in Poland to grow 11% in 2011
On the back of an excellent start into 2011, the full year’s construction output will increase by around 11%, mostly driven by dynamic implementation of large civil engineering projects. However, the construction sector is likely to grow slower in the years 2012 and 2013. According to contractors, the appeal of …
Read More »Challenging Year Ahead for the Czech Construction Industry
The Czech construction industry has been severely hit by the wider economic crisis experienced in 2009 and 2010. In 2009, gross domestic product contracted by more than 4%, and unemployment rose to more than 8% from 5.5% a year before. Fortunately, the economy began to recover in 2010, but the …
Read More »Russian Construction Industry Recovers After the Downturn
For the first time this decade, in 2009 the construction industry in Russia, which was severely affected by the global economic downturn, shrank in comparison with the preceding year. In the current year, a recovery has begun, prompted by the numerous projects supported or directly funded by the government. In …
Read More »Construction Output up by 10% in 2011
The forthcoming year 2011 can be a breakthrough year for the construction industry in terms of construction output. Provided that the winter weather conditions are relatively favourable, the 2011 average annual growth rate can be up to 10%, driven by large civil engineering projects and major improvement in the building …
Read More »Growth Returns to Cement Markets in CIS Countries
After a difficult 2009, when there was a reduction of more than 20% in the consumption of cement in the region, the cement markets in the countries of the former Soviet Union are expected to witness growth again. In the longer term, per capita cement consumption in the CIS countries …
Read More »Increase in the Polish Construction Industry Economic Climate
Driven by a steadily rising number of investment projects underway and planned, construction companies express slightly more favourable assessments of the economic situation of the market when compared to the findings of a study conducted six months ago. Construction activity is still hampered by numerous market barriers, but more and more …
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