? In December 2021, the volume of construction works increased, as gross series, by 18.7% compared to November 2021 and was down 0.3% as adjusted series according to the number of working days and to seasonality. ? Compared to December 2020, the volume of construction works rose, as gross series, by 2.9% and was up 0.8% as adjusted series according to the number of working days and to seasonality. ? Compared to the 1.I-31.XII.2020 period, in the 1.I-31.XII.2021 period, the volume of construction works decreased, as gross series, by 0.6%. Construction works volume lost 0.6pct in 2021, as gross series, compared to the data recorded in 2020, according to the information published on Thursday by the National Institute of Statistics (INS).Thus, in 2021, as gross series, by structural elements, there were recorded drops in the capital repair works (-22.6pct) and in the maintenance and current repairs (-7.9pct), while new construction increased by 5.9pct. Also, by type of construction projects, non-residential buildings and engineering constructions decreased by 11.4pct and 6.2pct, respectively, while residential buildings increased by 28pct.According to the same source, in December 2021 compared to November 2021, the volume of construction works increased by 18.7pct, as gross series, an increase highlighted as follows: capital repair works (+ 41.5 pct), maintenance works and current repairs (+ 23.9pct) and new construction works (+ 14.3pct).At the same time, there were increases in the various types of construction projects as follows: engineering construction works (+ 29.6pct), non-residential buildings (+ 11.2pct) and residential buildings (+ 7.6pct).In December 2021, compared to the previous month, the volume of construction works decreased as a series depending on the number of business days and seasonality by 0.3pct, a decrease marked by new construction works (-4.5pct). Major repair and maintenance work, current maintenance and repairs increased by 8.5pct and 3.5pct, respectively.By type of construction projects, the volume of construction works decreased for residential buildings (-8.8pct) and for non-residential buildings (-5.9pct). Engineering constructions increased by 7.4pct.On the other hand, the INS data show that, in December 2021 compared to December 2020, the volume of construction works as a gross series increased by a total of 2.9pct. By structural elements, there was an increase in current maintenance and repair works (+ 24.6pct). Capital repair works and new construction works decreased by 14.8pct and 0.6pct, respectively.By types of construction projects, residential buildings and engineering constructions increased by 16.4pct and 6.9pct, respectively. The volume of construction works decreased for non-residential buildings by 12.2pct.According to INS data, as a series adjusted depending on the number of business days and seasonality, the volume of construction works increased by a total of 0.8pct. By structural elements, there was an increase in current maintenance and repair works (+ 25.1pct). Capital repair works and new construction works decreased by 17.1pct and 1.6pct, respectively. By types of construction projects, residential buildings and engineering constructions increased by 18.8pct and 2.8pct, respectively. The volume of construction works decreased for non-residential buildings by 13.4pct.
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
Starting next week, the gardens and interior of the presidential Cotroceni Palace in Bucharest will be open to visitors every weekend, from Friday to Sunday. Interim president Ilie Bolojan announced the initiative, emphasizing it as a gesture of respect and openness from the Presidential Administration. “Every weekend, from Friday to Sunday, this entire area, including […]
