The growth forecast comes after an extremely challenging year for the players in this field, with many of them being seriously hurt by the move to deeply cut public investments, which could not be offset by the slight increase registered by the private segment in 2014.

The National Prognosis Commission expects the construction field to post a 1.7% decline this year.

Constructions had a 7.9% contribution to GDP last year, while in 2008 they had an 11% weight and contributed one third to the economic growth of that time. The field, an economic growth driver in the past, came to have a negative impact, of -0.2%, to GDP growth in the first nine months of this year.

One in seven construction companies in Romania is insolvent, according to the Romanian Association of Construction Companies (ARACO).

(English version by Catalina Apostoiu)