A total of 697 building permits were issued in Croatia in May 2016, which was 36.1% more than in May 2015, according to the latest figures from the National Bureau of Statistics (DZS).
Broken down by type of construction, 79.3% of the permits, or 553, were issued for buildings and 20.7% (144 permits) for other types of construction such as roads, railways, pipelines, bridges, dams, and sports facilities.
By type of work, the largest number of permits, 493 or 70.7%, were issued for new builds, and 204 or 29.3% for reconstruction.
The permits were issued for work valued at HRK 1.39 billion, which was 4.1% less than in May 2015.
The number of building permits issued in the first five months of this year, compared with the same period of last year, increased by 21.1% to 2,988.
Indicators show that the construction sector has finally hit rock bottom, giving rise to expectations of a mild recovery starting in the next period. Following subdued state sector investment activity in the first quarter of the year, a positive impact is expected in the period ahead with the improved absorption of EU funds, analysts at Raiffeisenbank Austria (RBA) say in their comment on the DZS report.
Wednesday, September 14, 2016 - 08:18
Friday, August 12, 2016 - 15:34