The association hopes for growth in 2015, provided planned projects are undertaken.
“With each budget revision (in 2014 – e.n.), there have been cuts in investments, which affected the construction sector. This is the first time the market drops below EUR9 billion. The EUR8.9 billion level is the lowest after 2007, from our assessments. This shows our politicians had neither the wisdom nor courage to undertake investment programs,” said association president Laurentiu Plosceanu.
ARACO data show the Romanian construction market declined from EUR15.7 billion to EUR9.33 billion in 2007-2012, and registered slight growth in 20-13, to EUR9.36 billion.
Plosceanu said the market could grow this year to over EUR9 billion, as the state budget includes considerable amounts for involvements, provided authorities undertake planned investments.