Methodology 11
Executive summary 17
Current situation in the Polish construction market 25
Construction market size 25
Construction and assembly output 27
Development forecast for construction and assembly output in 2010-2013 32
Construction firms - number and type 41
Employment and wages in construction companies 43
Construction prices and the financial standing of construction companies 45
Economic climate in the construction industry 47
Legal changes relevant to the construction market 48
Building permits - the number of buildings 50
Results of a survey of the 200 largest Polish construction firms 51
Introduction 51
Assessment of the Polish construction market situation 52
Expectations of Polish companies regarding Euro 2012-related projects 64
Overview and market standing of the largest Polish construction firms 67
Current and planned foreign operations of Polish construction companies 74
Civil engineering construction 77
Situation in the civil engineering construction market 77
Environmental protection-related projects 79
Road transport 84
Railway transport 87
Air transport 91
Investments in heavy industry 93
Power sector investments 93
Refining and chemical sector 95
PKN Orlen 95
Lotos Group 95
PGNiG 96
Gaz-System 96
Investments planned by coal mines 97
Sports facilities 97
Development forecast for civil engineering construction in 2010-2013 99
Non-residential construction 101
Situation in the non-residential construction market 101
Industrial and warehouse construction 104
Retail and service construction 107
Office construction 113
Hotel construction 116
Public utility construction 119
Development forecast for non-residential construction in 2010-2013 121
Residential construction 123
Housing stock 125
Building and dwelling completions 125
Individual investors 127
Developers 129
Housing cooperatives 133
Building permits and housing starts 134
Housing loans 135
Housing prices 137
Development forecast for residential construction in 2010-2013 138
Overview of voivodships 141
GDP, capital expenditure and population 141
GDP by voivodship 141
Capital expenditure 143
Area and population of Polish voivodships 144
Demographic forecasts 145
Construction and assembly output 146
Construction and assembly output per capita, by voivodship 146
Construction and assembly output per construction firm employee, by voivodship 147
Forecast for construction and assembly output in 2010-2013 148
Civil engineering construction 149
Road networks in voivodships 150
Rail network by voivodship 152
Development forecast for civil engineering construction in 2010-2013 153
Non-residential construction 153
Development forecast for non-residential construction in 2010-2013 155
Residential construction 168
Housing stock 168
Home completions 171
Building permits and forecast number of home completions in 2010-2013 172
Development forecast for residential construction in 2010-2013 175
Voivodships profiles 177
Voivodships in figures 181
Profiles of the largest construction companies 185
Polimex-Mostostal S.A. 185
Budimex S.A. 187
Strabag Sp. z o.o. 188
Skanska S.A. 190
Mostostal Warszawa S.A. 192
PBG S.A. 194
Warbud S.A. 196
P.R.I. Pol-Aqua S.A. 198
Mostostal Zabrze-Holding S.A. 199
Erbud S.A. 201
Hochtief Polska Sp. z o.o. 203
Elektrobudowa S.A. 204
Eiffage Budownictwo Mitex S.A. 205
List of graphs 207
List of tables 213
About PMR 217
Contact PMR 218
List of graphs
Forecasts for growth in construction and assembly output in Poland, by type of construction, 2010-2013 19
Voivodships' share in construction and assembly output in Poland, 2009 21
Construction and assembly output in Poland, by voivodship, average annual growth rate, 2010-2013 22
Size and y-o-y growth of the Polish construction market, 2000-2010 26
Nominal change in construction and assembly output (%, y-o-y), January 2008-August 2010 27
Annual nominal change in construction and assembly output in Poland (%), 2000-2010 28
Change in construction and assembly output in Poland by type of construction work (%), 2001-2010 28
Construction and assembly output in Poland by type of business activity, 2009 and January-August 2010 30
Construction and assembly output in Poland, by type of building, 2009 and H1 2010 31
Quarterly growth in GDP and gross value added in the construction industry in Poland (%, y-o-y), Q1 2007-Q2 2010 32
Real growth in GDP in Poland (%), 2002-H1 2010 33
The value of foreign direct investments in Poland (€ bn), 2002-2010 34
Capital expenditure on buildings and structures by companies in Poland, 2000-H1 2010 35
PMR Construction Climate Indicator, July 2004-September 2010 36
Cement production in Poland (m tonnes), 2000-2011 37
Total construction and assembly output in Poland, 2000-2013 40
Growth in revenue and earnings of construction firms in Poland, H1 2003-H1 2010 43
Employment in the construction sector in Poland ('000), 2000 - January-August 2010 44
Average gross monthly wage in the construction industry in Poland (PLN) and its changes (%), 2001 - January-August 2010 44
Inflation rate and prices in construction and industry in Poland (%, y-o-y change), January 2000-August 2010 45
Net sales margin in industry and construction in Poland (%), 2000-H1 2010 46
Cost to revenue ratio in industry and construction in Poland (% of revenue), 2000-H1 2010 46
Indicator of overall economic climate in the construction sector in Poland, January 2008-September 2010 47
The number of buildings for which construction permits were issued in Poland (‘000), 2000 - H1 2010 50
Assessment of the current situation in the Polish construction industry 52
Will the Polish construction market's situation improve, get worse or remain unchanged in the next 12 months? 53
PMR Construction Climate Indicator, July 2004-September 2010 54
Which segments of the construction market will be the most attractive to Polish companies in the next two years? 55
What are the greatest obstacles to doing business in the construction market in Poland? 56
What are the greatest obstacle to doing business in the construction market? 57
Which factors most facilitate doing business in the construction market in Poland? 58
What are the key factors to market success in the Polish construction sector? 59
Which business area of your company suffered the most as a result of the construction crisis? 60
What measures are planned or have been implemented by your company in response to the crisis in the construction sector? 61
Is your company seeing any recovery in the construction industry? 61
What are the signs of recovery in the construction sector? 62
Why are there no signs of recovery in the construction industry? 62
How is your company going to benefit from the oncoming recovery? 63
Does your company participate in projects co-financed by the EU? 63
Percentage of companies participating in projects co-financed by the EU, July 2004-September 2010 64
Does your company expect to participate in Euro 2012-related projects? 64
What proportion of the adopted investment plan for Euro 2012 will be achieved? 65
Is your company concerned about competition from foreign construction companies which offer cheap labour and lower prices? 66
Competitors from which country do you worry about most? 66
Key construction segment for your company 67
Revenue of the surveyed companies in 2010 68
Does your company plan to increase or reduce its workforce in the next 12 months? 68
Does your company plan to expand its production capacities in the next 12 months otherwise than by increasing its workforce? 69
How is your company planning to expand its production capacity in the next 12 months (otherwise than by increasing its workforce)? 69
How do you evaluate your company's present financial standing? 70
How do you evaluate your company's financial standing this year relative to a year ago? 71
How do you expect your firm to stand financially at the end of 2010 relative to the end of 2009? 72
How do you evaluate the size of your firm's order book? 73
How has your company's order book changed in the past year? 73
Will the number of orders increase or decrease in the next 12 months (relative to the past 12 months)? 74
Does your company conduct projects or sell products or services abroad? (based on responses provided in 2004-2010)? 74
Does your company plan to launch business activities outside of Poland? 75
Contribution of civil engineering projects to total construction and assembly output in Poland, 2003-H1 2010 77
Construction and assembly output of civil engineering construction in Poland, by type of building, 2009 and H1 2010 78
Construction and assembly output comprising civil engineering works in Poland
(PLN bn), 2000-H1 2010 79
Construction and assembly output comprising distribution pipelines and cables in Poland (PLN bn), 2000-H1 2010 80
Construction and assembly output comprising water treatment and sewage treatment plants in Poland (PLN bn), 2000-H1 2010 81
Construction and assembly output comprising roads and motorways in Poland (PLN bn), 2000-H1 2010 84
Construction and assembly output comprising bridges, viaducts, flyovers, tunnels, subways and pedestrian bridges in Poland (PLN m), 2000-H1 2010 84
Motorways and expressways under construction in Poland (km), January 2002-September 2010 85
Motorways and expressways in operation in Poland (km), January 2000-January 2013 86
Existing and proposed motorways and expressways in Poland, 2010 87
Construction and assembly output comprising railways in Poland (PLN m), 2000-H1 2010 88
Modernisation of railway lines in Poland until 2015 89
Increase/decrease in generation capacity in Poland (MW), 2008-2030 94
Construction and assembly output comprising sports facilities in Poland (PLN m), 2000 - H1 2010 97
Construction and assembly output, civil engineering construction in Poland, 2000-2013 99
Construction and assembly output comprising non-residential construction in Poland (PLN bn), 2000-H1 2010 101
Contribution of non-residential projects to total construction and assembly output in Poland (%), 2003-H1 2010 102
Non-residential construction and assembly output in Poland, by type of building, 2009 and H1 2010 102
Building permits and projects completed in Poland - non-residential construction, the number of buildings, 2000-H1 2010 103
Building permits and projects completed in Poland - non-residential construction, the floor area of buildings, 2004-H1 2010 103
Construction and assembly output comprising industrial and warehouse buildings in Poland (PLN bn), 2000-H1 2010 104
Building permits and projects completed in Poland - industrial and warehouse construction, the number of buildings, 2000-H1 2010 105
Building permits and projects completed in Poland - industrial and warehouse buildings, the floor area of buildings, 2004-H1 2010 105
Warehouse space in Poland (‘000 m2), October 2010 106
Construction and assembly output comprising retail and service buildings in Poland (PLN bn), 2000-H1 2010 107
Building permits and projects completed in Poland - retail and service buildings, the number of buildings, 2000-H1 2010 108
Building permits and projects completed in Poland - retail and service buildings, the floor area of buildings, 2004-H1 2010 108
Supply of modern retail space in Poland (m2), 2005-2010 109
Change in the number of hypermarkets in Poland, 2001-2010 111
Market shares of building materials stores in Poland, Q2 2010 112
Construction and assembly output comprising office buildings in Poland (PLN bn), 2000-H1 2010 113
Building permits and projects completed in Poland - office buildings, the number of buildings, 2000-H1 2010 114
Building permits and projects completed in Poland - office buildings, the floor area of buildings, 2004-H1 2010 114
Stock and future supply of office space projects in regional cities in Poland (m2), September 2010 115
Annual supply of modern office space in the largest cities in Poland (‘000 m2), 2006-2010 116
Construction and assembly output comprising hotels and toruist accommodation establishments in Poland (PLN m), 2000-H1 2010 117
Building permits and projects completed in Poland - hotels and tourist accommodation buildings, the number of buildings, 2000-H1 2010 117
Building permits and projects completed in Poland - hotels and tourist accommodation buildings, the floor area of buildings, 2004-H1 2010 118
Construction and assembly output comprising cultural, educational, sports, healthcare buildings and hospitals in Poland (PLN bn), 2000-H1 2010 120
Building permits and projects completed in Poland - cultural, educational, sports, healthcare buildings and hospitals, the number of buildings,
2000-H1 2010 120
Building permits and projects completed in Poland - cultural, educational, sports, healthcare buildings and hospitals, the floor area of buildings, 2004-H1 2010 121
Construction and assembly output, non-residential construction in Poland, 2000-2013 122
Contribution of residential construction to total construction and assembly output in Poland (%), 2003-2010 123
Residential construction and assembly output in Poland (PLN bn), 2000-H1 2010 124
Residential construction and assembly output in Poland by type of building, 2009 124
Housing starts and homes for which building permits were issued in individual construction in Poland (‘000), 2002-2011 127
Overview of the key types of housing construction based on homes completed in Poland, 2009 128
The prices of materials used in the construction of a typical single-family house in Poland, May 2004-August 2010 128
Developer-built homes marketed, sold and offered in Poland, Q2 2007-Q2 2010 129
Housing starts and homes for which building permits were issued in the developer sector in Poland (‘000), 2002-2011 133
Housing starts and homes for which building permits were issued in Poland (‘000), 2002-2011 134
The number and value of new mortgage loans in Poland, 2004-2010 136
Debt under mortgage loans in Poland (PLN bn), 2000-2014 137
Residential construction and assembly output in Poland, 2000-2013 138
Homes completed in Poland, 2004-2013 139
Homes completed in Poland, by type of construction, 2004-2013 140
GDP per capita in Poland, by voivodship (the average for Poland=100%), 2009 142
Annual changes in construction and assembly output in Poland, 2002 - January-August 2010 146
Sales of construction and assembly output per capita in Poland (PLN), 2009 147
Sales of construction and assembly output per construction employee in Poland, (PLN‘000), 2009 148
Construction and assembly output in Poland - civil engineering and road construction projects, by voivodship (PLN m), 2009 150
Hard-surfaced roads per 100 km2 of total area in Poland (road density) by voivodship, 2009 150
Length and density of hard-surfaced public roads in Poland by voivodship, 2009 151
Percentage of national roads in Poland which need immediate repair (%), 2008-2009 152
Length and density of rail network in Poland, by voivodship, 2009 152
Non-residential construction and assembly output in Poland, by voivodship (PLN m), 2008-2009 154
Number of non-residential buildings for which construction permits were issued in Poland, by voivodship, 2008-2009 154
Number of existing homes in Poland per 1,000 population, 2009 169
Home completions in Poland, by voivodship, 2009-H1 2010 171
Home completions per 1,000 population in Poland, 2009 172
The number of new dwellings for which construction permits were issued in Poland, by voivodship, 2009-H1 2010 173
The number of residential buildings for which building permits were issued in Poland, by voivodship, 2009-H1 2010 173
Homes completed in Poland, by voivodship, 2009-H1 2010 174
Residential construction and assembly output in Poland, by voivodship, (PLN m), 2009 175
Dwellings for which permits were issued and home starts (‘000), H1 2010 176
List of tables
Construction and assembly output in Poland (PLN bn), 2009 - H1 2010 18
Main indicators illustrating the condition of the Polish construction industry, 2001-2010 26
Construction and assembly output in Poland, by type of building, 2007-H1 2010 31
Forecasts for the main economic indicators in Poland for 2010-2012 33
Anticipated result of the implementation of the Infrastructure and Environment Programme, 2007-2013 38
The number of construction firms in Poland, June 2002-June 2010 41
Financial results of the largest construction groups operating in Poland, 2009 - H1 2010 42
Financial results of construction companies operating in Poland (PLN m), 2001-H1 2010 42
Major environmental protection projects in Poland (under construction and planned), 2009-2015 82-83
Railway lines intended for improvement in Poland, 2010-2012 90
Extension of existing airports in Poland, 2010 91
Planned investments at new airports in Poland, 2010 92
Investments planned in the power sector in Poland, 2010-2020 94
Investments in stadiums in Poland (under construction and planned), 2010-2015 98
The largest shopping centres, planned and under construction, in Poland, 2010-2013 110
The number of hypermarkets in Poland, 2007-2010 111
Foreign supermarket chains in Poland, 2007-2010 112
Discount store chains in Poland, 2008-2010 112
Housing stock in Poland, as at the end of H1 2010 125
The average floor area of homes completed in Poland (m2), 2000-H1 2010 125
Housing completions in Poland by type, 2000-H1 2010 126
Change in housing completions in Poland (%, y-o-y), 2000-H1 2010 133
Homes for which building permits were issued in Poland, 2009 - January-August 2010 135
Housing starts in Poland, 2009 - January-August 2010 135
Voivodships' shares in Polish GDP (%), 1998-2013 142
Capital expenditure in Poland, by voivodship, 2009-2010 143
Forecast for capital expenditure growth in Poland (PLN m), 2008-2013 143
The area and population of Poland, by voivodship, 2009 144
Population forecast for Poland, by voivodship (‘000), 2009-2035 (as at 31 December) 145
Forecast for construction and assembly output in Poland (%), 2010-2013 148
Construction and assembly output in Poland, by voivodship (PLN m), 2009-2013 149
Construction and assembly output - civil engineering construction in Poland, by voivodship (PLN m), 2009-2013 153
Forecast for construction and assembly output - non-residential construction in Poland, by voivodship (PLN m), 2009-2013 155
Building permits issued in Poland, by voivodship: hotels and tourist accommodation establishments (number of buildings and floor area in m2), 2005-H1 2010 156
Projects completed in Poland, by voivodship: hotels and tourist accommodation establishments (number of buildings and floor area in m2), 2005-2009 157
Building permits issued in Poland, by voivodship: office buildings (number of buildings and floor area in m2), 2005-H1 2010 158
Projects completed in Poland, by voivodship: office buildings (number of buildings and floor area in m2), 2005-2009 159
Building permits issued in Poland, by voivodship: commercial and services buildings (number of buildings and floor area in m2), 2005-H1 2010 160
Projects completed in Poland, by voivodship: commercial and services buildings (number of buildings and floor area in m2), 2005-2009 161
Building permits issued in Poland, by voivodship: transport and communication buildings (number of buildings and floor area in m2), 2005-H1 2010 162
Projects completed in Poland, by voivodship: transport and communication buildings (number of buildings and floor area in m2), 2005-2009 163
Building permits issued in Poland, by voivodship: industrial buildings and warehouses (number of buildings and floor area in m2), 2005-H1 2010 164
Projects completed in Poland, by voivodship: industrial buildings and warehouses (number of buildings and floor area in m2), 2005-2009 165
Building permits issued in Poland, by voivodship: cultural, educational, sports and healthcare buildings, hospitals (number of buildings and floor area in m2), 2005-H1 2010 166
Projects completed in Poland, by voivodship: cultural, educational, sports and healthcare buildings, hospitals (number of buildings and floor area in m2), 2005-2009 167
Housing stock in Poland, by voivodship, end of 2009 170
The number of homes completed in Poland, 2009-2013 174
Construction and assembly output, residential construction in Poland, by voivodship (PLN m), 2009-2013 176
Population of Poland by voivodship, 2007-2010 177
Number of construction firms in Poland, by voivodship, June-end 2010 178
Sales of construction and assembly output in Poland, by voivodship, 2007-H1 2010 178
Construction and assembly output in Poland, by voivodship, 2007-H1 2010 179
Construction and assembly output in Poland, capex projects, by voivodship, 2007-2009 179
Construction and assembly output in Poland, renovation work, by voivodship, 2007-2009 180
Number of residential buildings for which construction permits were issued in Poland, by voivodship, 2006-H1 2010 180
Number of non-residential buildings for which construction permits were issued in Poland, by voivodship, 2006-H1 2010 181
Voivodships in figures 181-183
Key financial data of the Polimex-Mostostal Group, 2005-H1 2010 185
Contracts signed in April-September 2010 186
Key financial data of the Budimex Group, 2005-H1 2010 187
Contracts signed in April-September 2010 188
Key financial data of Strabag, 2005-H1 2010 188
Contracts signed in April-September 2010 189
Key financial data of the Skanska Group, 2005-H1 2010 190
Contracts signed in April-September 2010 191
Key financial data of the Mostostal Warszawa Group, 2005-H1 2010 192
Contracts signed in April-September 2010 193
Key financial data of the PBG Group, 2005-H1 2010 194
Contracts signed in April-September 2010 195
Key financial data of the Warbud Group, 2005-H1 2010 196
Contracts signed in April-September 2010 197
Key financial data of the P.R.I. Pol-Aqua Group, 2005-H1 2010 198
Contracts signed in April-September 2010 199
Key financial data of the Mostostal Zabrze Group, 2005-H1 2010 199
Contracts signed in April-September 2010 200
Key financial data of the Erbud Group, 2005-H1 2010 201
Contracts signed in April-September 2010 202
Key financial data of the Hochtief Polska Group, 2005-H1 2010 203
Contracts signed in April-September 2010 203
Key financial data of the Elektrobudowa Group, 2005-H1 2010 204
Contracts signed in April-September 2010 205
Key financial data of the Eiffage Budownictwo Mitex Group, 2005-H1 2010 205
Contracts signed in April-September 2010 206
