Romania Construction Market Report
After boosting growth rates of 9.3% and 9.2% in the second and the third quarters of 2008, respectively, the Romanian gross domestic product (GDP) was chilled by the global crisis to 2.9% in the fourth quarter of 2008. Romania's economy grew by 7.1% in 2008.
UK specialised magazine Building forecast stable growth of construction in 2009 due to government spending on infrastructure projects. The residential segment is expected to mark a decline as percentage of the overall volume of construction works. The magazine identifies bright perspectives for the infrastructure segment in case Romania gets additional funding by the EU.
The thriving in the recent years Romanian real estate market, mainly propelled by foreign investment, strong demand and high yields, took in the opposite direction in the beginning of 2009 under the combined effect of the global crisis and the Romanian central bank's restrictive lending rules.
Business consultancy KPMG, quoted by UK specialised magazine Building, forecasts Romania to spend some EUR 578 mln on transport infrastructure in 2008. Investment in the segment is to grow further to EUR 760 mln in 2012, propelled by the country's robust economic growth.
The Romanian construction market was projected to expand by 12% in 2008 and reach EUR 10 bln in 2010, according to UK specialized magazine Building.
UK specialised magazine Building forecast stable growth of construction in 2009 due to government spending on infrastructure projects. The residential segment is expected to mark a decline as percentage of the overall volume of construction works. The magazine identifies bright perspectives for the infrastructure segment in case Romania gets additional funding by the EU.
The thriving in the recent years Romanian real estate market, mainly propelled by foreign investment, strong demand and high yields, took in the opposite direction in the beginning of 2009 under the combined effect of the global crisis and the Romanian central bank's restrictive lending rules.
Business consultancy KPMG, quoted by UK specialised magazine Building, forecasts Romania to spend some EUR 578 mln on transport infrastructure in 2008. Investment in the segment is to grow further to EUR 760 mln in 2012, propelled by the country's robust economic growth.
The Romanian construction market was projected to expand by 12% in 2008 and reach EUR 10 bln in 2010, according to UK specialized magazine Building.
Contents
ROMANIA CONSTRUCTION MARKET REPORT COVERS:• Industry Overview
• History & Geography
• Major Developments
- Regulations
- Companies
• Leading Companies
• Employment
• Supply
- Construction of Buildings
- Transport and Infrastructure
• Demand
- Construction of Buildings
- Transport and Infrastructure
• Investments
- Construction of Buildings
- Transport & Infrastructure
• Associated industries & factors
- Tourism
- Building Materials
- Real Estate
• Forecasts
• Industry references
LIST OF TABLES:
• Main Macroeconomic Indicators
• Gross Domestic Product
• Gross Value Added
• Construction Works Companies Turnover
• Infrastructure Project Developers Turnover
• Average Number of Employees Under Labour Contract
• Average Gross Monthly Salary
• Number of Issued Building Permits
• Issued Building Permits
• Number of Completed Dwellings
• Planned Motorways in Romania through 2013
• National Programme for Roads Repair
• Infrastructure Projects under ISPA Programme
• Construction Price Indices
• Major Residential Construction Projects in Bucharest
• Transport Services Turnover
• Volume of New Construction Orders
• Indices of Investment in National Economy by Structure Elements
• Foreign Direct Investment by Type of Activity
• Residential Construction Projects
• EU Funding for the Sectoral Operational Programme Transport 2007 – 2013
• Government Road Construction Programme
• Foreign Tourist Arrivals by Country
• General Import Taxes for Main Building Materials
• Taxes and Fees Skip to top