The revised Czech government strategy on transport infrastructure construction released in January 2012 indicates that the decline in civil engineering construction may continue in 2012 due to the postponing or freezing of major constructions in the road and rail sector. A return to growth is expected in 2013-2014. As a result of economic problems and [...]
The condition of rail tracks in Poland is deplorable due to two decades of neglect of investment. Thanks to the generous funds provided by the European Union the Polish railway sector has embarked on a difficult path towards restoring its infrastructure, which creates opportunities for growth in new segments of civil engineering construction. As a [...]
Between the peak recorded in 2007 and the trough of 2008-2010, the value of construction works carried out in Ukraine plunged by 70% in real terms. Residential construction was hardest hit by the crisis and, while the housing sector is yet to recover, overall market development in the country does give cause for hope that [...]
Forthcoming investments in the power, gas and production sectors will help the industrial construction market get back on the path of sustained growth after a decline in 2009 and 2010. As a result, industrial construction will be able to successfully take the place of road construction as the key driving force behind the growth of [...]
The Russian construction sector finally posted some healthy growth figures in the second half of the year. In July, a 17.6% increase was posted, reminiscent of the pre-crisis growths, and this was followed by a 12.4% increase in the value of construction works in August. In the first half of 2011 the overall picture of [...]
The construction industry suffered more than most areas of the Kazakh economy as a result of the global financial crisis which hit the country in 2008. Fortunately for builders, the government undertook several measures to support the industry, without which the consequences would have been more severe than the 5% reduction seen in 2009.
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 of cement in the region. [...]
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 investments in local roads will [...]
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 stabilisation on the market, but [...]
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 by the research company PMR, [...]
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 residential and railway construction segments [...]
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