The Future of Construction in Croatia to 2015: EU Integration and Infrastructure Investment to Stimulate Construction
Declining budget revenues and uncertainty about the pace of the economic recovery led to the government revising its budget three times. The construction industry depends largely on public-sector investments, with most projects coming from the government.
Croatiaâ€™s economy, as well as its construction sector, are expected to recover in 2011, albeit marginally. The economic recovery is, however, subject to uncertainty as the country has a high external debt that is coming to maturity in the short term. World Bank estimates put Croatiaâ€™s external debt at 87% of its GDP, as of mid-2009. This upcoming debt maturity and tight domestic and external financing conditions leave the Croatian economy with the difficult task of recording a notable recovery in 2011.
Within the Croatian construction industry, infrastructure construction was the largest market in 2010, with a share of 48.6%. In terms of growth, residential construction was the fastest-growing market over the review period, with a CAGR of 4.56%. This was followed by industrial construction, with a CAGR of 3.26%.
This report is the result of ICDâ€™s extensive market and company research covering the Croatian construction industry. It provides detailed analysis of both historic and forecast construction industry values at market and category level, analysis of the leading companies in the industry, and key news.
â€œThe Future of Construction in Croatia to 2015: EU Integration and Infrastructure Investment to Stimulate Constructionâ€ provides a top-level overview and detailed market, category and company-specific insights into the operating environment for construction contractors. It is an essential tool for companies active across the Croatian construction value chain and for new competitors considering entering the industry.
This report will allow the user to:
â€¢ Identify key growth and investment opportunities within the Croatian construction industry
â€¢ Make informed business decisions based on strong historic and forecast data
â€¢ Detailed market size, growth, segmentation and forecast data across five key industry categories provides all the essential information needed to assess market dynamics and identify new growth opportunities.
â€¢ Detailed profiles of major companies within the Croatian construction market enable the reader to benchmark financial performance and assess business strategy against competitors.
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