New Market Report: Latvia Infrastructure Report 2016

Deteriorating relations between the EU and Russia, and Russia's subsequent recession, had a sharp knock-on effect in Latvia's construction industry, which had been performing strongly until 2015 . The next decade will be characterised by muted , but steady growth, unlike the previous decade, as slowly improving economic fundamentals drive fuel investment, alongside EU funding for regional energy and transport interconnectivity projects.

Latest Updates And Structural Trends

We see industry growth falling significantly off pace to 5.4% in 2015, before rebounding softly to 6.0% in 2016, then averaging over 4% between 2015-2024, ending with a value of EUR2.4bn.

On November 24 2015, three grant agreements for the Rail Baltica project worth EUR734mn were signed by the EU's Innovation & Networks Executive Agency in Tallinn. The grants were awarded under the CEF and cover planning and construction works to be completed by 2020.

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The energy infrastructure sector faces a period of muted growth y-o-y between 2015 and 2024 as pressure on investments remains intense.

Risk/Reward Index

Latvia remains fifth place in our Risk/Reward Index (RRI) for Central and Eastern Europe (CEE). Its overall score of 60.0 points makes it a regional outperformer, with the CEE average only 54.0. However, we believe much of its favourable ranking is indicative of the weaknesses in Europe's construction sector, rather than a reflection of its growth potential.

The Latvia Infrastructure Report features BMI Research'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 Latvia Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Latvian infrastructure and construction industry.

Key Benefits

* Benchmark BMI's independent infrastructure industry forecasts for Latvia to test other views - a key input for successful budgetary and planning in the Latvian infrastructure market.
* Target business opportunities and risks in the Latvian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Latvia.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

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