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Latvia Construction Industry Report 2024-2028: Latest News and Developments, Project Analytics, Market Data, Risk Profile - ResearchAndMarkets.com

Retrieved on: 
onsdag, maj 1, 2024
Other Construction & Property, Residential Building & Real Estate, Construction & Property, Construction, Investment, Risk, Republic, Commercial, Climate, CCI, Yoy, Sector, CSB, Weakness, Assessment, Ignitis, Government, Saeima

The "Latvia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Latvia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
  • Furthermore, a fall in export activity and a global economic slowdown amid the ongoing geopolitical tension are likely to deteriorate the performance of the construction industry in the short term.
  • To support this target, Latvia is focusing on increasing the capacity of renewable energy across the country.
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Latvia, featuring details of key growth drivers.

Latvia Construction Industry Report 2022: An Annual Decline of 7% in Real Terms in 2021, Following an Expansion of 1.5% in 2020 - Forecasts to 2026 - ResearchAndMarkets.com

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tisdag, maj 24, 2022
Construction & Property, Other Construction & Property, Royal commission, Health, Saeima, 2008 European Union stimulus plan, Infection, Parliament, European Commission, Electricity, Investment, Government, Pedestrian, COVID-19, Industry, NATO, Commercial, Safety, Sector, CSB, Maintenance, Ķekava, Construction, Growth, Renewable energy, Coronavirus, EU, Baltic

The construction industry in Latvia registered an annual decline of 7% in real terms in 2021, following an expansion of 1.5% in 2020

Key Points: 
  • The construction industry in Latvia registered an annual decline of 7% in real terms in 2021, following an expansion of 1.5% in 2020
    The industry's output in 2021 was affected by a fall in all three subsectors of construction: building construction; civil engineering works; and specialized construction activities.
  • Although construction activities were not halted during this period, work is expected to have been affected by weak investor confidence amid restrictions on certain business operations.
  • The industry is expected to register an annual growth of 6.6% in real terms in 2022, before registering an annual average growth of 3% from 2023 to 2026.
  • According to the Central Statistical Bureau (CSB), the level of construction costs in Latvia rose by 14.2% in 2021.