Taking into account the growth rate of 20% in the first half, if it continues until the end of the year, the industry could be worth RON130 billion by the end of 2020. This means the construction sector almost doubled in five years, between 2016 and 2020. The outlook is optimistic for the coming period.
“There are local and national infrastructure projects that will proceed. Other than some projects cancelled because the beneficiary wanted to, we have construction sector customers which are still looking to attract labor, even from Asia,” Corina Constantin, general manager of Multi Professional Solutions, a company specializing in finding and placing labor from Asia, said a little while ago.
Companies in the residential and non-residential building construction generated most revenue, RON47.8 billion, followed by road and highway construction companies, RON13.6 billion. They are also the biggest employers.
The most important factor in the fast-paced growth of the construction sector in the last five years has been the Government Ordinance 114/2018, a step taken to help keep the huge numbers of workers that would leave the country home.
Construction was one of the few sectors that kept working during the pandemic, while other industries suffered tremendously as a result of the lockdown and other steps taken to contain the spread of the coronavirus.
(English version by Loredana Fratila-Cristescu)