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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Romania’s construction sector retains robust growth in July

Construction, one of Romania’s economic sectors that made a positive contribution to the GDP growth in the second quarter of the year (Q2), maintained a robust, double-digit annual growth rate in July - 12.2%, according to the National Statistics Institute (INS).

In the first seven months of the year, the volume of construction works was 18.2% higher than in the same period last year.

___STEADY_PAYWALL___

The civil engineering works rose the most (+25.5%). The residential buildings segment also posted impressive growth (+17.2%). Meanwhile, works on non-residential buildings (including offices, commercial spaces, and logistics and industrial spaces) saw an 8.4% advance.

The residential sector thus remains the most dynamic in the local economy. The (seasonally, workday adjusted) activity in this sector reached an all-time high just before the coronavirus pandemic.

All the construction segments have suffered during the lockdown, but the activity level remained significantly above that seen in the same period last year.

The volume of civil engineering works will mark the third year of positive growth after reaching a bottom in 2017. There is plenty of room for further increases. The non-residential building sector reflects opposite drivers and needs more clarity regarding sanitary circumstances before returning to growth.

[email protected]

(Photo source: Pixabay.com)

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Romania’s construction sector retains robust growth in July

Construction, one of Romania’s economic sectors that made a positive contribution to the GDP growth in the second quarter of the year (Q2), maintained a robust, double-digit annual growth rate in July - 12.2%, according to the National Statistics Institute (INS).

In the first seven months of the year, the volume of construction works was 18.2% higher than in the same period last year.

___STEADY_PAYWALL___

The civil engineering works rose the most (+25.5%). The residential buildings segment also posted impressive growth (+17.2%). Meanwhile, works on non-residential buildings (including offices, commercial spaces, and logistics and industrial spaces) saw an 8.4% advance.

The residential sector thus remains the most dynamic in the local economy. The (seasonally, workday adjusted) activity in this sector reached an all-time high just before the coronavirus pandemic.

All the construction segments have suffered during the lockdown, but the activity level remained significantly above that seen in the same period last year.

The volume of civil engineering works will mark the third year of positive growth after reaching a bottom in 2017. There is plenty of room for further increases. The non-residential building sector reflects opposite drivers and needs more clarity regarding sanitary circumstances before returning to growth.

[email protected]

(Photo source: Pixabay.com)

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