Following a two-year period of growth driven by the general economic expansion and the availability of EU funding, the construction market in Romania experienced a slight shrinkage in 2016, due to a combination of lower construction work volumes in some subsectors, lower investments and political tensions. The construction sector’s output in 2016 (defined in terms of total construction works performed under contract) was RON 67.6bn, down 11.4% y/y in nominal terms. The sector’s gross valueadded (GVA) formed 7.7% of the real GDP. The sector also employed 365,298 people. Construction was driven mainly by rapid developments in the real estate market that stimulated the growth of residential buildings’ construction. Rising income levels and an increase in employment are driving the demand for residential property, particularly among middle-income Romanians. The boom in services in Romania – particularly in the information and communications technology (ICT), business process outsourcing (BPO) and retail sectors – is boosting the demand for office space

01 EXECUTIVE SUMMARY

02 SECTOR IN FOCUS

03 COMPETITIVE LANDSCAPE

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT

06 RESIDENTIAL CONSTRUCTION

07 NON-RESIDENTIAL CONSTRUCTION

08 REAL ESTATE

09 CIVIL ENGINEERING