Construction Romania

In 2007 Romania's GDP, calculated in current prices, reached an estimated RON 404.7 bln, up by a real 6.0% from the previous year.
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.
In January 2008 the construction industry in the country registered a growth of 29.5% compared to the same period a year earlier. Civil engineering works increased by 31.5% on the year, non-residential building construction by 27.8% and residential construction expanded by 22.2%.
The construction sector posted an annual growth of 33.6% in 2007.
In May 2007 the construction works in the country registered an annual growth of 27.5%. The same upward trend was observed for all types of construction works: civil engineering grew by 30.60%, non-residential building construction by 25.10% and residential construction by 20.40%.

Romania's GDP grew by 7.7% year-on-year in 2006.
In May 2007 the construction works in the country registered a growth of 27.5% compared to the same period a year earlier. The same upward trend was observed for all types of construction works: civil engineering grew by 30.60%, non-residential building construction by 25.10% and residential construction by 20.40%.
According to an analysis of the Associations of Owners of Construction companies, one of the most important factors for the construction sector was the government investment programmes. Approximately 85% out of more than 800 tenders organized monthly at national level were for infrastructure works. Development of infrastructure influences auxiliary development in the residential and industrial construction segments.
The Romanian construction market grew by approximately 18% on the year in the first nine months of 2006, the highest registered growth for the previous 17 years, driven by the rising number of infrastructure projects and increasing purchasing power. The sector had slowed in growth to 13.5% at the end 2005 as a result of the floods earlier in the year and the large number of civil engineering projects, which were halted for political reasons. Construction works in 2005 were valued at EUR 7.31 bln, an increase of 9.8% year-on-year.
The civil engineering sector rose by more than 22.5%, residential construction rose by 12.7% and office construction rose by 10.4% in real terms between January to September 2006.