Russian construction industry recovers after the downturn - October 2010

The Russian construction industry has survived its most difficult year for more than a decade. The 0.8% reduction recorded by the industry for the first three quarters of 2010 looks remarkably healthy in comparison with the 18.4% slump recorded last year, and construction firms are now much more optimistic about the future than they were just a few months ago. The most successful of them have concluded contracts worth billions of dollars and are planning to take on employees and purchase new building machinery.

The article is based on the report “Construction sector in Russia 2010. Development forecasts for 2010-2013 ”.