New Market Research Report: Bosnia-Herzegovina Infrastructure Report Q3 2014

Revisions to historical data by Bosnia & Herzegovina's statistical authorities have prompted some adjustments to our construction industry forecasts. While our outlook for the sector remains broadly unchanged, weaker data for 2013 than previously thought has led us to revise down our 2014 growth forecast, to 2.9% from 3.1% previously. W e believe that risks are weighted firmly to the downside due to prevailing political uncertainty and a cumbersome business environment.

Key developments

* Despite our expectation for a pick-up in construction activity in 2014, we note that downside risks over the near term come in the form of rising political risk levels. Given the political divisions and simmering ethnic tensions that continue to haunt Bosnia-Herzegovina, we believe that the political climate will remain highly unstable ahead of general elections due in October 2014 - with negative implications for investment, particularly into multi-year projects.
* Aside from political risks, which are heightened in the run up to elections, high levels of corruption and a lack of transparency act as key deterrents to investors, and need to be addressed by lawmakers going forward. We expect GFCF growth to accelerate in the coming years, hitting 3% by 2016, and making a more significant contribution to headline growth.
* Planned public works on infrastructure projects in 2014 should contribute to an increase in industry value over the course of the year. Going forward, we expect government spending to increase at an annual average rate of 2%, with only modest implications for infrastructure spending.
* Recent developments in the power sector indicate a growing level of activity within a sector that has traditionally inhibited investment due to its state-dominated and uncompetitive characteristics. There has been significant interest across the sector in recent months, with the announcement from Bosnia and Herzegovina's utility Elektroprivreda BiH that a...

Full Report Details at
- http://www.fastmr.com/prod/850841_bosniaherzegovina_infrastructure_report_q3_2014.aspx?afid=301

The Bosnia-Herzegovina Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Bosnia-Herzegovina Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Bosnian infrastructure and construction industry.

Key Benefits

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Brazil Infrastructure Report Q3 2014
- Taiwan Infrastructure Report Q3 2014
- Bulgaria Infrastructure Report Q3 2014
- Hungary Infrastructure Report Q3 2014
- Czech Republic Infrastructure Report Q3 2014