Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Romania’s construction works up 16% in 2020

The construction works volume in Romania rose by 15.9% in 2020, amid double-digit growth rates in all three sectors (residential, non-residential, and civil engineering), the National Statistics Institute (INS) announced.

In a year marked by 3.9% GDP contraction, the sector has been one of the few pockets of growth, alongside several other industries (pharmaceuticals, chemical), essential retail, logistics, and IT.

The non-residential buildings posted a slower growth, only 10.9%, as some segments (offices, even shopping centers) faced adverse sentiment prompted by the crisis while others thrived (logistics). Meanwhile, the residential segment rose by 17.8% in 2020, and its performance was constantly strong throughout the year. Notably, the volume of civil engineering works rose robustly by 18.5% - the strongest rate among the market’s segments.

By type of works, the figures are less impressive: new construction works rose below average, by 9.3%, while the volume of capital repairs soared by 46%, and the maintenance works grew by 24.4%.

In the last quarter of 2020, the volume of construction works increased by 12.2% year-on-year, after a 15.5% yoy advance in Q3 and 10.8% in Q2.

[email protected]

(Photo source: Dreamstime.com)

Normal
Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Romania’s construction works up 16% in 2020

The construction works volume in Romania rose by 15.9% in 2020, amid double-digit growth rates in all three sectors (residential, non-residential, and civil engineering), the National Statistics Institute (INS) announced.

In a year marked by 3.9% GDP contraction, the sector has been one of the few pockets of growth, alongside several other industries (pharmaceuticals, chemical), essential retail, logistics, and IT.

The non-residential buildings posted a slower growth, only 10.9%, as some segments (offices, even shopping centers) faced adverse sentiment prompted by the crisis while others thrived (logistics). Meanwhile, the residential segment rose by 17.8% in 2020, and its performance was constantly strong throughout the year. Notably, the volume of civil engineering works rose robustly by 18.5% - the strongest rate among the market’s segments.

By type of works, the figures are less impressive: new construction works rose below average, by 9.3%, while the volume of capital repairs soared by 46%, and the maintenance works grew by 24.4%.

In the last quarter of 2020, the volume of construction works increased by 12.2% year-on-year, after a 15.5% yoy advance in Q3 and 10.8% in Q2.

[email protected]

(Photo source: Dreamstime.com)

Normal
 

Romania Insider Free Newsletters