Construction

Publications and articles

Construction

article
Jaanika Tiido
– Eesti statistika aastaraamat. 2016. Statistical Yearbook of Estonia (p. 324)

In 2014, construction volumes decreased. What can be considered the main keyword of the year in construction is the new financing period of the European Union (EU). Due to the new period, investments and public procurements have decreased. As a result of the low demand of the public sector and the reduced number of public procurements, builders focused more on private clients. Besides that, additional business opportunities are sought more increasingly, for example cofinancing of development projects and greater co-operation in building contracts between the public and private sectors. Private housing construction has been on the rise, but this has not covered the decrease in the number of state orders.

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Construction

article
Jaanika Tiido, Merike Sinisaar
– Eesti statistika aastaraamat. 2015. Statistical Yearbook of Estonia (p. 327)

The rapid rise in construction activity was replaced with more modest growth in 2013. The increase in construction volume in the local construction market was mainly caused by an upturn in the new construction of buildings and by the construction of infrastructure. As the funding period of the European Union (EU) for 2007–2013 ended, the orders of the public sector decreased significantly, which resulted in a slowdown in the growth of construction volume. The construction sector was the largest beneficiary of the EU Structural Funds. With the help of EU assistance, great attention was paid to construction works related to social welfare institutions, water supply and sewerage systems, communication and electricity lines, and road junctions. The next seven-year EU budget period started in 2014, but the changing of the periods will also reduce the assistance provided for the construction sector because the new fiscal period of the Structural Funds focuses on improving the rate of economic growth, people’s welfare and the quality of work and life.

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Construction

article
Reet Nestor, Merike Sinisaar
– Eesti statistika aastaraamat. 2014. Statistical Yearbook of Estonia (p. 322)

In 2012 the construction market was characterised by stabilisation following the recession. Construction has increased, but mainly thanks to orders of the public sector and assistance from the European Union (EU). In 2012 the number of active construction enterprises was bigger than ever – 8,375. Compared to 2011, their number increased by 500. The active creation of new enterprises in 2011–2012 has compensated for the fall in the number of construction enterprises caused by the economic crisis. The structure of construction enterprises has changed since the recession: the number of enterprises engaged in specialised construction activities has increased due to the decline in the development of new building projects and the general construction of buildings. In 2012, 53% of construction enterprises were classified as enterprises engaged in specialised construction activities – their number has continuously increased in the last years. 39% of construction enterprises were engaged in the general construction of buildings. During the recession, the share of enterprises specialising in civil engineering works increased thanks to the public sector orders for construction of infrastructure objects. The share of these enterprises used to be 5–6%, but has been 7–9% since 2009.

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Construction from boom to crisis

article
Merike Sinisaar
– Eesti Statistika Kvartalikiri. 4/13. Quarterly Bulletin of Statistics Estonia (p. 14)

The development of the construction market has been rapid, and full of contingencies. This article takes a look at the years 2007–2012, when the construction market was both at its pinnacle and in its deepest crisis. The Estonian construction market is compared those of the closest neighbours and the EU as a whole.

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Influence of the economic crisis on construction in the counties

article
Merike Sinisaar, Reet Nestor
– Eesti piirkondlik areng. 2013. Regional Development in Estonia (p. 167)

Construction plays a significant part in Estonian economy. Based on both the number of enterprises and jobs and the amount of value added and revenue, construction has for years been among the top four economic activities together with industry, trade, and transportation and storage. The state of the construction sector, which is mainly active on the domestic market, depends on the general economic situation of Estonia and reacts to its changes with a delay. The recession shows last in the development of construction, and improved economic circumstances enliven construction later than other economic activities.

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Construction

article
Reet Nestor, Merike Sinisaar
– Eesti statistika aastaraamat. 2013. Statistical Yearbook of Estonia (p. 316)

In 2011, the construction sector took an upturn thanks to improved economic conditions and external assistance. Construction enterprises are mostly oriented to the local market and thus depend on the general development of the economy. For that reason, the construction sector reacts with a delay to changes in the economy. In 2010, the situation in the construction market did not improve due to low demand, although enterprises in other economic activities started to recover. Construction volumes, which had started to decline in 2008, took an upturn in 2011 thanks to orders of the public sector funded by structural assistance from the European Union (EU) as well as revenue from the sale of carbon emission credits. The orders of the private sector were more moderate.

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