A challenging year ahead for Romanian construction - April 2009

Construction was the most important factor of the strong economic growth of Romania over the past several years, which topped 7.1% in 2008. However, the problems on the international financial markets affected the Romanian construction industry , which was heavily dependent on banking credit. Non-residential construction, which accounts for half of the construction output, will be strongly hit, while residential will decrease only slightly in 2009 and civil engineering, which depends on public funding, will be the only one maintaining above the line.

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PMR Publications provides market intelligence for business professionals interested in Central and Eastern European countries as well as other emerging markets. Publications by PMR analyse the business climate in the region. The offer includes both free and paid subscription newsletters, online news & analysis services and in-depth reports on Central and Eastern Europe. PMR Publications is a division of PMR, a British-American company providing market research (through PMR Research), consultancy (through PMR Consulting) and business publications (through PMR Publications).