PRLog (Press Release)– Mar 19, 2011– BMI View: Ukraine's construction sector is slowly returning to form in 2011 as funding mechanisms strengthen in advance of the UEFA 2012 European Football Championships. European development funds have supplied several large scale loa jenn air trash compactor n facilities for upgrade work to the country's transport and energy infrastructure. The construction industry value is expected to stand at US$2.9bn in 2011, based on year-on-year (y-o-y) growth of 4.3%. This growth will continue with the industry doubling in value by the end of the forecast period in 2015 when it will be valued at US$6bn
* UK-based financial institution the European Bank for Reconstruction and Development (EBRD) is funding a road rehabilitation and upgradin rc helicopter market place g project in Ukraine through EUR450mn-worth of loans, reports EBRD. The 15-year funds will be provided to the country's State Road Administration Ukravtodor for the rehabilitation of 400km of road approaches to the city of Kiev. The work will boost Ukraine's economic growth through regional integration and better prepare the country for the EURO 2012 football championships. * Ukrainian construction company Concorde Group announced it will begin construction on the Kazantip wind power plant in Crimea in March or April 2011, reports Kyiv Post. All permits and studies have been completed on the project with crediting issues now resolved. The project is estimated to require up to EUR154mn (US$205.9mn) of investment and will have a generating capacity of 100MW. * In January 2011, Ukraine and Turkey signed an agreement to provide for international direct freight rail and ferry services between the two countries, according to Bsanna News. The deal lays out conditions and rules for the transportation of goods, the transfer of rolling stock between the two states, and use of port infrastructure.
Public discontent with President Viktor Yanukovich's government continued to rise last quarter, with proposed reforms to Ukraine's tax code resulting in protests across the country on November 16. While we do not see a near-term challenge to political stability, President Yanukovich will face increasing discontent in 2011 as fiscal austerity measures put pressure on government spending and the Ukrainian electorate.
Ukraine's economic recovery slowed to post real GDP growth of 3.5% in Q310, in line with our view that Q210 growth of 5.9% marked the peak of the recovery. We expect the slowdown to continue into 2011, when we forecast real GDP growth of 3.4%, as the export-led recovery fades and domestic demand remains subdued, before Ukraine's economy accelerates to 4.0% growth in 2012.
For more information or to purchase this report, go
0 komentar:
Posting Komentar