05.04.2015 Views

Construction sector in Russia H1, 2012 ... - PMR Publications

Construction sector in Russia H1, 2012 ... - PMR Publications

Construction sector in Russia H1, 2012 ... - PMR Publications

SHOW MORE
SHOW LESS

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!