Business Monitor International


Romania Infrastructure Report

Published 23 January 2014

  • 92 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Romania Infrastructure Report

BMI View: Our forecasts point to a continued improvement in activity in the Romanian construction sector in 2014 thanks to a brighter economic outlook and continued European funding for the country's ageing infrastructure. While we highlight that the infrastructure sector will outperform over the next two years, the long-term recovery in Romania's construction sector will be buoyed by increased demand for residential and non-residential buildings, as the economy's export driven recovery is translating into a more consumer based story.

With recovery on the cards for Romania's economy and continued support from multilateral institutions, we should begin to see growth in the construction sector improve over 2014 and beyond. Economic uncertainty has held back the residential and non-residential construction sector, but with exports improving the sector will begin to pick up.

Key developments

  • PPPs Begin To Emerge: A new Public Private Partnership law was passed in October 2013, which aims to fix the old PPP (law approved in 2010). Line 7 of the Bucharest Metro is to be procured using the new PPP model. The new 25km metro project is planned to include 30 stops and a depot, with a total project cost estimated at EUR1.5bn (US$2.04bn), taking six years to build.

  • Progress on Roads: Vinci, Strabag and Aktor Concession won the race for the 58km Comarnic-Brasov motorway concession, with construction expected to be complete by 2017. The Sebes-Turda highway, part of the Pan-European transport corridor IV which starts in Germany and goes through Prague, Wien, Bratislava and Budapest, has been awarded to Salini Impregilo. The company has also had a contract it was awarded in 2011 cancelled after disagreements over costs with the government - a sign that Romania still holds risks, even in the outperforming road sector.

  • Residential and Non-residential construction: An improving economic picture in Romania, thanks to exports to the rest of Europe picking up and...

Table of Contents

BMI Industry View
7
SWOT
9
Insurance
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Total Premiums Forecast
14
Total Premiums
14
Table: Total Gross Premiums Written 2011-2018
14
Table: Total Net Premiums Written 2011-2018
15
Life Premiums Forecast
15
Premiums
15
Table: Gross Life Premiums Written 2011-2018
16
Table: Net Life Premiums Written 2011-2018
16
Key Drivers
17
Table: Insurance Key Drivers, Private Health Expenditure 2011-2018
17
Table: Insurance Key Drivers, Disease Adjusted Life Years 2011-2018
17
Non-Life Premiums Forecast
18
Non-Life Premiums
18
Table: Gross Non-Life Premiums 2011-2018
19
Table: Net Non-Life Premiums 2011-2018
19
Reinsurance
20
Table: Reinsurance Non-Life Premiums 2011-2018
20
Claims
20
Table: Non-Life Insurance Claims 2005-2012
21
Non-Life Sub-Sector Forecast
21
Table: Non-Life % Breakdown 2011-201
21
Motor Vehicle And Transport Insurance
23
Table: Motor Vehicle Insurance 2011-2018
23
Table: Insurance Key Drivers, Autos 2011-2018
23
Table: Transport Insurance 2011-2018
25
Table: Freight Tonnage 2011-2018
25
Property Insurance
25
Table: Property Insurance 2011-2018
26
General Liability And Credit Guarantee Insurance
26
Table: General Liability Insurance 2011-2018
27
Table: Credit/Financial Guarantee Insurance 2011-2018
27
Industry Risk Reward Ratings
28
Central and Eastern European Risk/Reward Ratings
28
Table: Central And Eastern Europe Risk/Reward Ratings
29
Market Overview
30
Life Market Overview
30
Table: Life Insurance Market (US$mn) 2006-2012
31
Table: Life Insurance Market (%) 2006-2012
32
Non-Life Market Overview
33
Table: Non-Life Insurance Market (US$mn) 2006-2012
34
Table: Non-Life Insurance Market (%) 2006-2012
34
Company Profile
36
Allianz
36
ERGO
39
Euroins
42
Generali
45
Groupama
49
UNIQA Group
52
Vienna Insurance Group (VIG)
56
Demographic Forecast
60
Table: Romania's Population By Age Group, 1990-2020 ('000)
61
Table: Romania's Population By Age Group, 1990-2020 (% of total)
62
Table: Romania's Key Population Ratios, 1990-2020
63
Table: Romania's Rural And Urban Population, 1990-2020
63
Methodology
64
Industry Forecast Methodology
64
Risk/Reward Rating Methodology
67
Table: Indicators
68
Table: Weighting of Indicators
70

The Romania Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Romania Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Romanian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Romania to test other views - a key input for successful budgetary and planning in the Romanian infrastructure market.
  • Target business opportunities and risks in the Romanian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Romania.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Ratings

BMI's Infrastructure Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc