construction in croatia - key trends and opportunities to 2018
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Market Research Reports, Inc. has announced the addition of “Construction in Croatia - Key Trends and Opportunities to 2018” research report to their offering. See more visit - http://mrr.cm/ZT2TRANSCRIPT
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Construction in Croatia - Key Trends
and Opportunities
to 2018
Category : Industry & Manufacturing
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Introduction to Report
Launch Date: April 11, 2014
Number of Pages: 64
Geography Coverage: Croatia
Available Format: PDF
Price For Single User License: USD 1,950
Price For Site User License: USD 3,900
Price For Global User License: USD 5,850
Delivery Time: Within 24 Hours (During Working Days)
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About the Report
The Croatian construction industry registered a compound annual growth rate (CAGR) of -9.64% during the review period (2009–2013). This was driven by a contraction in institutional and industrial construction, primarily due to a reduction in investor confidence following the European debt crisis.
The industry is expected to improve slowly over the forecast period (2014–2018), supported by a general recovery in the economy and business confidence. The industry is anticipated to record a forecast-period CAGR of 3.41%.
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Research Finding
The Croatian construction industry remained weak following the global and European financial crises. In real gross value-added terms, the industry in 2013 was 57.0% its size in 2008. Despite this, the rate of decline has slowed and, with some stabilization in the area covered by building permits in 2013, the construction industry appears set for a period of recovery.
A series of infrastructure projects will be launched to improve bridges, ports, roads, highways, airports, railways and power supplies. The Croatian government plans to invest HRK2.5 billion (US$436.5 million) in the construction and refurbishment of roads, HRK2.8 billion (US$488.9 million) for railways, HRK1.1 billion (US$192.1 million) for sea ports, HRK3.8 billion (US$663.4 million) for energy, and HRK127.0 million (US$22.2 million) for the combined heat and power (CHP) plant Sisak - Block C project.
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Research Finding Continues…
According to Croatia’s Bureau of statistics, travel and tourism accounted for 15.0% of the country’s GDP in 2012. With an aim to increase the sector’s contribution, the government is focusing on the construction of new hotels and the expansion of existing ones.
Overall, 12 large hotel projects, with a total room capacity of 2,900, are currently under construction. One such project is Split by Valamar Hotel Group, on which construction is expected to start by mid-2014. In 2013, the government also announced plans to invest HRK2.9 billion (US$506.0 million) in enhancing health tourism and eco-tourism on Brač, an Adriatic island.
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Research Finding Continues…
Under the National Renewable Energy Action Plan (NREAP) 2013–2020, the Croatian government aims to increase its share of renewable energy from 15.0% to 20.0%, improve energy efficiency by 20.0% and reduce carbon dioxide emissions by 20.0% until 2020.
According to the plan, total incentive costs are expected to decline, as more energy will be produced from biogas, small hydroelectric power plants, biomass and cogeneration plants. The plan’s estimated budget is HRK13.9 billion (US$2.4 billion).
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Scope
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Croatia using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Croatia
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Report Coverage
1. Executive Summary2. Market Overview3. Commercial Construction4. Industrial Construction5. Infrastructure Construction6. Institutional Construction7. Residential Construction8. Company Profile: Viadukt d.d.9. Company Profile: Hidroelektra Niskogradnja d.d.10. Company Profile: Ingra d.d.11. Company Profile: Strabag d.o.o.12. Company Profile: Osijek-Koteks d.d.13. Market Data Analysis14. Appendix
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Company Coverage
1. Viadukt d.d.
2. Hidroelektra Niskogradnja d.d.
3. INGRA d.d.
4. Strabag d.o.o.
5. Osijek-Koteks d.d.
For more details regarding Report coverage see the last slide
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