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Yahoo
2 days ago
- Business
- Yahoo
Czech Republic Construction Industry Report 2025: Output to Record an AAGR of 3.4% During 2026-2029, Supported by PPI in Transport Infrastructure, Energy and Housing Projects
Czech Republic's construction industry is set for real-term growth of 3.3% in 2025 after a 0.7% contraction in 2024, driven by hospitality and transport infrastructure investments. Supporting this, Czech government plans and EU Recovery funds will boost the sector, with annual growth projected at 3.4% till 2029. Dublin, June 05, 2025 (GLOBE NEWSWIRE) -- The "The Czech Republic Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)" report has been added to Republic's construction industry to recover and expand in real terms by 3.3% in 2025, following a contraction of 0.7% in 2024. This will be supported by investments in hospitality and transport infrastructure sector, with the utilization of the European Union's Recovery and Resilience Facility (RRF) fund. The construction value add growth has accelerated in recent quarters, recording growth of 2.9% YoY in Q4 2024, which was preceded by a YoY growth of 1.6% in Q3 and a marginal decline of 0.7% in Q2 2024. Reflecting the improving conditions in the construction sector, new order for construction works has recorded sharp growth in the fourth quarter of 2024. According to the Czech Statistical Office (CZSO), total number of new orders for construction work grew by 18.1% year-on-year (YoY) in Q4 2024, following YoY growth of 1.8% in Q3 and 8.3% in Q2 2024. Growth in 2025 will also be supported by the Czech government's investment under the 2025 State Budget, which was approved in December 2024. The 2025 State Budget includes an expenditure of CZK2.3 trillion ($100.3 billion), an increase of 4.2% compared to the expenditure of CZK2.22 trillion ($96 billion), in the 2024 Budget. Over the remainder of the forecast period, the construction industry is expected to record an average annual growth of 3.4% between 2026 and 2029, supported by public and private sector investments in the country's transport infrastructure, energy and housing projects. The forecast period growth will also be driven by the government's aim to increase the share of renewable energy sources, in the total energy mix, from 16.5% in 2023 to 28% by 2030, and 46% by 2050, reducing greenhouse gas emissions by 55% by 2030, compared to 1990 levels. The Czech based energy projects developer, Czech energy utility (CEZ), is planning to construct two new 1,000MW units at the Dukovany nuclear power plant by 2038, with an estimated investment of CZK400 billion ($17.3 billion). Scope Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in the Czech Republic, featuring details of key growth drivers. Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline. Listings of major projects, in addition to details of leading contractors and consultants Reasons to Buy Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies Assess market growth potential at a micro-level with over 600 time-series data forecasts Understand the latest industry and market trends Formulate and validate business strategies using the analyst's critical and actionable insight Assess business risks, including cost, regulatory and competitive pressures Evaluate competitive risk and success factors Key Topics Covered: 1 Executive Summary2 Construction Industry: At-a-Glance3 Context3.1 Economic Performance3.2 Political Environment and Policy3.3 Demographics3.4 Risk Profile4 Construction Outlook4.1 All Construction Outlook Latest news and developments Construction Projects Momentum Index 4.2 Commercial Construction Outlook Project analytics Latest news and developments 4.3 Industrial Construction Outlook Project analytics Latest news and developments 4.4 Infrastructure Construction Outlook Project analytics Latest news and developments 4.5 Energy and Utilities Construction Outlook Project analytics Latest news and developments 4.6 Institutional Construction Outlook Project analytics Latest news and developments 4.7 Residential Construction Outlook Project analytics Latest news and developments 5 Key Industry Participants5.1 Contractors5.2 Consultants6 Construction Market Data7 AppendixFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Sun
2 days ago
- Business
- The Sun
Melaka allocates RM700,000 for 'Bijak SPM' initiative
MELAKA: The Melaka government has allocated RM700,000 under the 2025 State Budget to implement an excellence programme for Sijil Pelajaran Malaysia (SPM) candidates through the SPM Smart Initiative, Chief Minister Datuk Seri Ab Rauf Yusoh said the implementation of the initiative involved 95 secondary schools and would benefit 12,757 SPM candidates in the state. 'The main goal of this initiative is to support schools in implementing various excellence programmes, including answering technique workshops, final preparation workshops, and the provision of SPM learning materials, to help students face the exam with greater confidence and readiness. 'We will also hold high-tech workshops to ensure students are well-prepared to face the challenges of an increasingly technology-driven world,' he told reporters here today. He said this after opening the 2024 SPM Excellent Student Appreciation Ceremony and the 2025 Melaka Bijak SPM programme, which was also attended by Deputy State Investment, Industry and TVET Development Committee chairman Datuk Khaidirah Abu Zaha According to Ab Rauf, the state government is allocating RM381,100, through the Melaka Education Trust Fund (Tapem), this year for the Bijak Sejarah dan Cemerlang SPM initiatives. He said that under the initiative, students who obtained straight A+'s would receive an incentive of RM1,000 and students who obtained straight A's would receive RM500, while students who obtained an A+ in History would receive RM200. 'This year, the state government also allocated RM200,000 for the implementation of the Free Tuition Programme for SPM and Sijil Tinggi Persekolahan Malaysia (STPM) students, especially those from the B40 group,' he said. In another development, he said that as part of efforts to expand access to education, the state government is taking steps to establish itself as the National TVET Centre, providing more opportunities for Melaka's youth to master high-tech skills aligned with current industry demands. 'Melaka currently has 61 TVET institutions offering various skills-based courses, and the confidence of foreign nations in the potential of local youth was recently demonstrated when the Chinese government offered 15 TVET scholarships to Malaysia, with five awarded to students from Melaka. 'This indirectly proves that Melaka is now ahead of other states in TVET development, convincing foreign countries to prioritise opportunities for our people,' he said.
Time of India
3 days ago
- Business
- Time of India
Punjab Cabinet approves Rs 68cr loan waiver for 4,700 SC families
Chandigarh: The Punjab Cabinet on Tuesday gave its nod to waive loans of an aggregate amount of Rs 67.84 crore taken by 4,727 Scheduled Caste (SC) and disabled loanees from the Punjab Scheduled Castes Land Development and Finance Corporation (PSCFC), with chief minister Bhagwant Mann stating that debt accrued until March 31, 2020, would be waived. A spokesperson said that the waiver covers all loans disbursed by the PSCFC up to the fixed date, offering relief to Scheduled Caste and Divyangjan (persons with disabilities) loanees. The move will benefit a total of 4,727 loanees. The Cabinet granted ex-post facto approval for the waiver of loans disbursed up to March 31, 2020, for loanees of the PSCFC, he said. Hitting out at the previous govts, Mann alleged that these families were exploited as "vote banks" through false promises. These loans, Mann explained, were taken for various small enterprises like ration shops, hardware stores, boutiques, and even for education. He added that beneficiaries couldn't repay due to unforeseen circumstances, such as the death of an earning family member or prolonged illness, and that the waiver would provide them significant relief. CM Mann stated that the loan waiver was a fulfilment of a promise made in the State Budget 2025-26. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Descubra ofertas de voos imperdíveis Voos | Anúncios de Pesquisa Saiba Mais Undo He noted that the corporation, established in 1971, has provided over Rs 847 crore in low-interest loans to more than 5.50 lakh Scheduled Caste families to date. Mann added that many families petitioned the state govt, citing their inability to repay the loans due to a lack of funds. Finance minister Harpal Singh Cheema stated these loans were pending for almost 20 years, with previous governments failing to address the families' requests for relief. He noted that despite the corporation serving economically vulnerable families, it maintained a surprisingly high loan recovery rate of 84%. This, he highlighted, indicates that the enterprises started by these families are largely successful. Mann also pointed to the cooperative bank in Dhuri, which boasts an almost 99% recovery rate, in stark contrast to the negative rates seen elsewhere. All 4,727 cases (including 4,685 defaulting loanees and 42 regular loanees) will be covered under this loan waiver scheme. "No Due Certificates" (NDCs) will be issued by the district managers of PSCFC. The full amount of Rs 67.84 crore, comprising principal, interest, and penal interest calculated as of April 30, 2025, will be reimbursed to the PSCFC by the state govt. The cut-off date for calculating the final interest amount will be the date on which the govt issues the notification to implement the scheme," a source said. With the implementation of this waiver, 4,727 poor SC and Divyangjan beneficiaries will receive relief amounting to Rs 67.84 crore — comprising Rs 30.02 crore in principal, Rs 22.95 crore in interest, and Rs 14.87 crore in penal interest (calculated up to April 30, 2025). This initiative will help restore their dignity. As per the 2011 Census, Scheduled Castes constitute 31.94% of Punjab's total population. Many members of this community have availed loans from PSCFC to establish self-employment ventures aimed at their economic upliftment. However, some borrowers have been unable to repay their loans due to circumstances beyond their control, leading to defaults, said the spokesperson. MSID: 121600011 413 |
Herald Sun
4 days ago
- Business
- Herald Sun
Victorian Treasury has not modelled impact of any credit rating downgrade
Don't miss out on the headlines from Victoria. Followed categories will be added to My News. In a staggering admission to parliament, Department of Treasury and Finance secretary Chris Barrett said the threat of a downgrade was not considered in this month's budget. 'The five step fiscal strategy is aimed at retaining the current credit rating and improving it over time,' Mr Barrett told the Public Accounts and Estimates Committee on Tuesday. It prompted a frustrated rebuke from the committee's deputy chair, Liberal MP Richard Welch, who accused the government of budgeting on the basis of 'hope'. Victoria's debt plan strategy, introduced in the 2023-24 State Budget, commits to managing and stabilising debt as a proportion of the total economy before finally paying it down. Latest forecasts show the state debt is expected to hover stubbornly around 25 per cent of Gross State Product until 2029 when it is tipped to peak at a record $194bn. At that time Victoria will be paying more than $10bn a year to service the debt. Treasurer Jaclyn Symes will fly to New York on Wednesday to meet with heads of ratings agencies who have repeatedly warned Victoria is at risk of a downgrade from its nation-low AA rating. Such a move would lead to increased borrowing costs and make it harder for the government to start lowering the state's debt profile. Mr Barrett said modelling had been done on a change in interest rates only, and not the impact of a credit rating fall. In a post budget report Moody's Ratings raised serious doubts about the Allan government's ability to cut spending and drive down its forecast $194bn debt. It specifically questioned assumptions built into the budget including slashing spending growth by almost half to 2.9 per cent and warned that increasing cost pressures from the $34.5bn Suburban Rail Loop and a 'political resistance to spending cuts' could wreak havoc with the government's debt repayment plans. It said while plans to axe thousands of jobs from the public service _ pending a review to be handed to government next month _ would curb inefficient spending, more work would be needed. 'We expect an improving economic backdrop to support Victoria's operating performance and help mitigate risks from high and rising debt and weakening debt affordability,' it said. 'However, global economic uncertainties and geopolitical tensions pose risks to the fiscal outlook.' Under questioning from the Opposition Ms Symes also refused to rule out using treasury advances for foreseeable budget overruns.
The Hindu
5 days ago
- Business
- The Hindu
Kottayam Textiles to reopen on June 2 after a hiatus of over five years
Having remained shut for five and a half years, Kottayam Textiles, a unit of the Kerala State Textile Corporation Ltd, is set to resume operations on June 2. According to Mons Joseph, legislator of Kaduthuruthy, the Textiles Corporation has already placed orders for new machinery and modern equipment as part of an upgrade initiative, using ₹8 crore sanctioned by the State government. In the latest State Budget, the government allocated a ₹40-crore package aimed at the future development of the unit. 'Under the leadership of Industries Minister P. Rajeeve and Cooperation Minister V.N. Vasavan, several rounds of discussions were held at the government level to address the crisis. Thanks to their joint efforts, steps are now under way to revive the unit,' said Mr. Joseph. Prolonged shutdown The prolonged shutdown of the Kottayam Textiles unit, located in Vedagiri under the Kaduthuruthy Assembly constituency, had severely impacted employees and workers, leaving them without salaries or benefits for years. As the local legislator, Mr. Joseph had also raised the issue multiple times in the Legislative Assembly. One of the major hurdles in reopening was the ₹8 crore in unpaid electricity charges, which was resolved after a high-level meeting chaired by the Chief Minister. The government subsequently decided to waive the entire outstanding amount till December 31, 2024. Joint request Following this, the trade unions too agreed to submit a joint request to the government, seeking leniency on any remaining dues. Accordingly, Mr. Joseph submitted a petition to Electricity Minister K. Krishnankutty, requesting a deferment of residual arrears. Acting on the request, the Kerala State Electricity Board responded positively. The unit had suspended production in January 2020 due to a severe shortage of working capital and raw materials.
