In a year when most Romanians stayed at home, capital repairs surged. Capital repairs increased by 46% compared with only 1% in 2019, while current repairs and maintenance did not lag far behind, increasing by 24.4%, almost the same rate as in 2019.
“Construction recorded 15.9% increase year on year in 2020, as the sanitary crisis was offset by the implementation of a relaxed (unprecedented) mix of economic policies,” says Andrei Radulescu, director of macroeconomic research with Banca Transilvania.
(English version by Loredana Fratila-Cristescu)