Construction sector in Russia H1, 2012 ... - PMR Publications
Construction sector in Russia H1, 2012 ... - PMR Publications
Construction sector in Russia H1, 2012 ... - PMR Publications
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
www.constructionrussia.com<br />
Word from the author<br />
Last year, the <strong>Russia</strong>n construction <strong>in</strong>dustry f<strong>in</strong>ally resumed growth. In 2009, the <strong>in</strong>dustry<br />
experienced a 13% decl<strong>in</strong>e, which was followed by another slight decrease <strong>in</strong> 2010. The 5% <strong>in</strong>crease<br />
experienced <strong>in</strong> 2011 <strong>in</strong> the value of completed construction work was driven mostly by <strong>in</strong>frastructure<br />
development and hous<strong>in</strong>g construction. Civil eng<strong>in</strong>eer<strong>in</strong>g, especially road construction, has been<br />
<strong>in</strong>creas<strong>in</strong>g due to the preparations for large-scale events such as the Olympics <strong>in</strong> Sochi and APEC<br />
Summit <strong>in</strong> Vladivostok, whereas residential development has seen a long-awaited recovery thanks<br />
to substantial hous<strong>in</strong>g subsidies granted by the government and a rapid expansion of the mortgage<br />
market.<br />
Robert Obetkon, Senior <strong>Construction</strong> Analyst<br />
The report – <strong>in</strong> brief<br />
This report updates readers on recent <strong>in</strong>dustry activity, while provid<strong>in</strong>g a comprehensive view of the overall<br />
<strong>Russia</strong>n construction market, <strong>in</strong>clud<strong>in</strong>g its <strong>in</strong>frastructure, residential and non residential segments. The report<br />
highlights regions with<strong>in</strong> this huge market that present the greatest likelihood for growth, and describes current<br />
trends affect<strong>in</strong>g the market and how they will <strong>in</strong>fluence development over the com<strong>in</strong>g years.<br />
2<br />
tel. /48/ 12 618 90 30, fax /48/ 12 618 90 08, more<strong>in</strong>fo@pmrcorporate.com<br />
Click here to buy