- In July 2021, the volume of construction works decreased, as gross series, by 5.8% compared to the previous month and was down 3.6% as adjusted series according to the number of working days and to seasonality. - Compared to the corresponding month of the previous year, the volume of construction works fell, as gross series, by 2.4% and was up 0.3% as adjusted series according to the number of working days and to seasonality. - Compared to the 1.I-31.VII.2020 period, in the 1.I-31.VII.2021 period, the volume of construction works increased, as gross series, by 4.4% and rose, as adjusted series according to the number of working days and to seasonality, by 3.1%. The volume of construction works increased, as gross series, by 4.4%, in the first seven months of the year, compared to the data recorded in the same period of 2020, according to information published by the National Institute of Statistics (INS) on Thursday.Between January 1 and July 31, 2021, as a gross series, by structural elements, there was an increase in new construction works by 12.7%, while decreases were registered in overhaul repair works (-14.3%) and for current maintenance and repairs (-9%).Also, on construction objects, there was an increase of 28% in residential buildings. In contrast, non-residential buildings and engineering constructions decreased by 3.6% and 1.6%, respectively.According to the quoted source, in the first seven months of the current year, compared to the similar period of 2020, the volume of construction works increased, as series adjusted to the number of working days and seasonality, by 3.1%, a trend highlighted in new construction works (+10%). On the other hand, overhaul repairs and current maintenance and repairs decreased by 12.8% and 9.2%, respectively.At the same time, by construction objects, there was a jump in the case of residential buildings (+19.1%), but in non-residential buildings and engineering constructions there were decreases by 4% and 0.7%, respectively.Compared to the period July 2021 - June 2021, the volume of construction works decreased, as a gross series, by 5.8%, as well as by 3.6% as an adjusted series. In both cases, the decrease was determined by the activities at the capital repair works (-14.6% and -10.2% and the new construction works (-5.8% and -4.6%).In addition, on construction objects, there were decreases as follows: non-residential buildings (-16.9%, as gross series, respectively -16.8%, as adjusted series).INS data show that, in July 2021 compared to July 2020, the volume of construction works decreased as a gross series (-2.4%), but increased as an adjusted series (+0.3%).
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
