2013-02-03 08:28:40 - Recently published research from Business Monitor International, "Latvia Infrastructure Report 2013", is now available at Fast Market Research

BMI View: BMI believe that Latvia's construction sector recovered some of its momentum in 2012, with strong year-on-year (y-o-y) growth of 18.4% welcome following the steep contraction seen in 2010. The industry is expected to slow over the forecast period with average y-o-y growth of 5.2% anticipated between 2013 and 2021. Industry value is expected to rise from US$1.57bn in 2013 to US$2.78bn by 2021.

Key developments in the sector:

* Latvia's Transport Ministry and Finance Ministry has announced plans to redistribute Cohesion funds from a failed train procurement. Latvia's passenger train operator Pasazieru vilciens failed to reach an agreement with Spanish operator Construcciones y Auxiliares de Ferrocariles S.A. (CAF) on the procurement of new trains. Under the failed contract, the

total cost of 34 electric trains and seven diesel trains that Pasazieru vilciens wanted to buy would have been LVL144mn. LVL100mon of this which would have been covered from the bloc's Cohesion funds, with Pasazieru vilciens co-financing amounting to the remaining LVL44mn.
* Latvia's Freeport of Riga announced that it would handle 35-36mn tons of throughput in 2012, compared with 34mn tonnes in 2011. An increase in cargo flow is attributed to a revival in the European and Russian markets.
* The Latvian Transport Minister, Aivis Ronis, has announced that the country is ready to create favorable conditions for the operation of Belarusian partners in Latvian ports.


Full Report Details at
- www.fastmr.com/prod/529420_latvia_infrastructure_report_2013.asp ..


The government's persistence in pushing through further spending cuts - despite two years of robust headline real GDP growth and a vastly improved fiscal deficit - risks exacerbating inequalities and worsening growth. While the country's short-term political risk ratings have recovered since 2009, we see potential risks going forward to the country's political stability. We expect that the threat of industrial action is likely to increase over 2013.

Latvia's current account balance remained in deficit in 2012, with an estimated shortfall of 2.2% of GDP. This is an increase from the 1.3% seen in 2011. Over our 10-year forecast period to 2021, we expect the deficit to remain around the 2% of GDP level as domestic demand fails to return to pre-crisis levels and exports recover in line with the rebound in global growth.

Report Table of Contents:

SWOT Analysis
- Latvia Infrastructure Industry SWOT
Market Overview
Building Materials
- Europe
- Table: Cement Price / Volume, % Variance (6M11/6M12)
Industry Forecast Scenario
- Table: Latvia Construction And Infrastructure Industry Data, 2010-2016
- Table: Latvia Construction And Infrastructure Long Term Forecast, 2015-2021
- Construction and Infrastructure Forecast Scenario
Transport Infrastructure
- Table: Latvia Transport Infrastructure Industry Data, 2010-2016
- Table: Latvia Transport Infrastructure Long Term Forecasts, 2015-2021
- Transport Infrastructure Outlook and Overview
- Major Projects Table - Transport
Energy and Utilities Infrastructure
- Table: Latvia Energy and Utilities Infrastructure Industry Data, 2010-2016
- Table: Latvia Energy and Utilities Infrastructure Long Term Forecasts, 2015-2021
- Energy and Utilities Infrastructure Outlook and Overview
- Major Projects Table - Energy And Utilities
Residential/Non- Residential Construction and Social Infrastructure
- Table: Latvia Residential and Non-residential Building Industry Data, 2010-2016
- Table: Latvia Residential and Non-residential Building Long Term Forecasts, 2015-2021
Risk/Reward Ratings
- Latvia's Risk/Reward Ratings
- Rewards
- Risks
- Regional Overview
- Central and Eastern Europe Infrastructure Risk/Reward Ratings
- Table: CEE Infrastructure Risk/Reward Ratings, Scores out of 100
Company Monitor
- BMGS
- Merko Ehitus
- LEC
Global Overview
Methodology
- Industry Forecasts
- Construction Industry
- Data Methodology
- Construction
- Capital Investment
- Construction Sector Employment
- Infrastructure Business Environment Rating
- Table: Infrastructure Business Environment Indicators
- Project Finance Ratings
- Table: Design And Construction Phase
- Table: Commissioning And Operating Phase - Commercial Construction
- Table: Commissioning And Operating Phase - Energy And Utilities
- Table: Commissioning And Operating Phase - Transport
- Sources

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