Table of contents:

Methodology

Executive summary

General information

Investment climate and legal framework

• Ease of doing business
• Position of Belarus in international socio-economic ratings
• Recent improvements and developments
• Economic liberalisation 2009
• SWOT analysis
• Foreign investors
• Free Economic Zones
• Investment in small towns
• Land rights
• Property development process
• Licence for construction work
• Exports to Belarus
• Privatisation

Macroeconomic overview

• Gross domestic product
• Investment
• Inflation
• Exchange rate

Construction industry overview

• Construction and GDP
• Construction output
• Employment
• Salaries
• Construction companies
• Building materials
• Prices in construction
• Construction industry development forecasts

Civil engineering

• Transport – overview
• Roads
• Railways
• Air transport
• Pipeline network development
• Energy production
• Investment in environmental protection

Non-residential construction

• Overview
• Classification
• Office buildings
• Retail property
• Warehouses
• Hotels

Residential construction

• Housing stock
• Investments
• Housing completion
• Prices
• Development programme

Company profiles

• Contractors
• Building materials producers
• Others

Appendix – documents needed to obtain a construction licence

List of graphs

List of tables

About PMR

Contact PMR

List of graphs and Tables:

List of graphs

1. GDP growth in Belarus (real, y-o-y), 2001-2011
2. FDI in Belarus ($ m, y-o-y change), 2001-2008
3. Contribution of construction industry to GDP in Belarus, 2000 and 2005-2009
4. Value of construction and assembly work in Belarus (BYR bn and y-o-y real change), 2004-2009
5. Total floor space of housing completed in Belarus (‘000 m2 and y-o-y change), 2000-2009
6. Number of housing units completed in Belarus (‘000 and y-o-y change), 2000-2008
7. Belarusian regions
8. Ease of doing business ranking in Belarus and selected CIS countries, 2008-2009
9. GDP growth in Belarus (real, y-o-y), 2001-2011
10. Fixed capital investment in Belarus (BYR bn, y-o-y change), 2000-2009
11. FDI in Belarus ($ m, y-o-y change), 2001-2008
12. Foreign direct investment in Belarus, by country, 2008
13. Inflation in Belarus (y-o-y, annual average and December-to-December), 2000-2008
14. Exchange rate of the Belarusian rouble before the devaluation ($/BYR, €/BYR), 2002-2008
15. Exchange rate of the Belarusian rouble after the devaluation ($/BYR, €/BYR), January 2007-June 2009
16. Contribution of construction industry to GDP in Belarus, 2000 and 2005-2009
17. Value of construction and assembly work in Belarus (BYR bn and y-o-y real change), 2004-2009
18. Breakdown of overall employment levels in Belarus, by industries, 2000 and 2008
19. Average nominal monthly salaries in Belarus (BYR ‘000), 2000-2009
20. Nominal average monthly salary in Belarus (BYR ‘000), by regions, 2007
21. Value of building materials output in Belarus (BYR bn and y-o-y real change), 2006-2009
22. Construction and assembly work price index in Belarus (%, December-to-December), 2004-2009
23. Producer price index in the building materials industry in Belarus (%, y-o-y), 2000-2009
24. Total floor space of housing completed in Belarus (‘000 m2 and y-o-y change), 2004-2011
25. Value of construction and assembly work in Belarus (BYR bn and y-o-y change), 2004-2011
26. Methods of transporting goods in Belarus (%), 2008
27. Passenger transport in Belarus (%), 2008
28. Main road corridors traversing Belarus
29. International railway routes in Belarus
30. Investment in railways in Belarus (BYR bn, y-o-y change), 2006-2008
31. Changes in transportation of goods and passengers by air in Belarus, 2004-2008
32. Energy production at thermal power plants in Belarus, by provinces, 2008
33. Electric energy and heat energy sources in Belarus, 2008
34. Ratio of commercial non-residential construction to residential in Belarus, 2007-2008
35. Increase in built-to-order office area in Minsk (m2), 2000 and 2005-2008
36. Occupation of A, B1 and B2 offices in Minsk, 2007-2008
37. Office vacancies in Minsk, Q2-Q3 2008
38. Shopping centres in Minsk by GLA, 2008
39. Average rents in Minsk shopping centres and street shops (€/m2/month), 2008
40. Rents for space 100-350 m2 in shopping centres in Minsk and capitals of Baltic states (€/m2/month), 2008
41. Distribution of warehouses in Minsk by GLA, 2008
42. Total warehouse area in Minsk, along with Minsk Province and European cities and their regions (m2/1,000 inhabitants), 2008
43. Increase in average warehouse rents in Minsk (€/m2/month), 2005-2008
44. Number of classified hotels in Belarus, 2008
45. Four- and five-star accommodation in Minsk and European cities, 2008
46. Number of dwellings per 1,000 inhabitants in Belarus and selected European countries, 2008
47. Fixed capital investment in residential construction in Belarus (BYR tr and real y-o-y change), 2004-2008
48. Share of residential construction investment as a proportion of total fixed capital investment in Belarus (%), 2005-2009
49. Sources of financing for residential construction projects in Belarus, 2008
50. Total floor space of housing completed in Belarus (‘000 m2 and y-o-y change), 2000-2009
51. Number of housing units completed in Belarus (‘000 and y-o-y change), 2000-2008
52. Share of detached houses and dwellings as a proportion of total residential space completed in Belarus, 2008
53. Average residential prices in Minsk ($/m2), June 2006-May 2009
54. Dwellings offered in Minsk by number of rooms (%), Q1 2009

List of tables

1. Investment climate in Belarus, 2007-2009
2. Belarusian Free Economic Zones
3. Average costs in Free Economic Zones, 2009
4. Procedures to be completed for construction of warehouse in Minsk, 2009
5. Construction companies to be privatised in Belarus, 2009-2010
6. Fixed capital investment, construction and assembly work, and the purchase of construction machinery, equipment and means of transport in Belarus (BYR bn), 2008
7. Value of major and current repairs in Belarus, January-April 2009
8. Production of selected building materials and machinery in Belarus, 1995 and 2000-2008
9. Production of basic building materials and machinery in Belarus, 2008
10. Production of building materials in Belarus, January-April 2009
11. Production of building materials according to central plan in Belarus, 2009
12. Value of building materials output in Belarus, January-April 2009
13. The most important partners of Belarus in terms of foreign trade of construction produce (including building materials), January-November 2008
14. Exports of building materials from Belarus ($ ‘000), January-November 2008
15. Producer price index in the building materials industry in Belarus, January-April 2009
16. Construction and assembly work breakdown in Belarus, 2004-2011
17. Construction and assembly work breakdown in Belarus (BYR tr), 2004-2011
18. Nominal growth rates in the value of construction and assembly work in Belarus, by subdivision, 2005-2011
19. Transportation of goods in Belarus (million tons), 2007-2008
20. Passenger transport in Belarus (million persons), 2008
21. Belarusian investment in roads (BYR bn), 2006-2015
22. Road construction and repair in Belarus (km), 2006-2015
23. Selected road modernisation projects in Belarus, 2009-2014
24. Construction of roadside facilities in Belarus by 2010
25. State funds for airport development in Belarus (BYR m), 2009-2010
26. Main gas pipelines in Belarus, 2008
27. Length of energy network in Belarus (km), 2008
28. Energy investments for private investors in Belarus, 2009
29. Energy investment projects planned in Belarus, 2009-2012
30. Environmentally important investments in public sector in Belarus, 2008-2012
31. Environmentally important investments in agricultural industry in Belarus, 2008-2012
32. Business centres completed in Minsk (m2), 2008-Q1 2009
33. Business centres most likely to be completed in Minsk in 2009
34. Business centres likely to be completed in Minsk by 2012
35. Shopping centres completed in Minsk (m2), 2008
36. Shopping centres to be completed in Minsk, 2009-2010
37. Warehouses to be completed in Minsk and Minsk Province, 2009-2010
38. Total housing floor space completed in Belarus (‘000 m2), 2000 and 2005-2009
39. Residential construction growth in Belarus (y-o-y), 2006-2008
40. Average prices of housing space in selected Belarusian towns ($/m2), mid-2008
41. Total residential area to be implemented in Belarusian regions (‘000 m2), 2009
42. Total residential area to be completed in Belarus (‘000 m2), by regions, 2010-2011

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