Works abroad of construction firms from Bosnias Serb Republic soar in H1.

By bne IntelliNews August 10, 2012
The value of works construction companies from Bosnias Serb Republic performed abroad in the first half of 2012 soared 186.5% on the year, the Republics statistics office said in a statement but gave no value figure. The positive performance was achieved thanks to a 291% climb in the value of works on civil engineering projects, which was more than enough to compensate for the 37.5% drop in the value of performed building works abroad in the first six months of the year. Yet, the average number of workers on construction sites declined 23% y/y in Jan-Jun, while the number of working hours was down nearly 27% over the period. In the second quarter of 2012 alone, the value of performed construction works abroad by firms from the Serb Republic jumped 183.4% y/y and 261% q/q thanks to an increase in cost on civil engineering projects. The average number of workers fell an annual 27% and the volume of performed effective hours shrank 38% y/y in Apr-Jun. In a quarterly comparison, the number of workers was unchanged, while the volume of working hours rose 12% in the second three months of 2012.

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