Construction works grew slightly in EU in December 2024, compared to November 2024, while Poland, Czechia, Portugal and Romania were member states with the most powerful advance on this segment, from one month to the other, according to data released on Thursday by Eurostat. According to these data, construction works stagnated in the euro zone and went up by 0.4% in EU in December 2024, compared to November. Among EU member states, the most important increases were recorded in Poland (5.7%), Czechia (4.6%), Portugal (3.6%) and Romania (3.4%). In Romania's case, the 3.4% increase in December 2024 came after a 5.4% rise in November. In exchange, at annual level, in December 2024, compared to December 2023, construction works dropped by 0.1% in the euro zone and by 0.8% in EU. In Romania, cnstruction works recorded the most significant annual decline in EU, with a 12.9% contraction, highest than the 9.1% drop recorded in November. According to data presented previously by INS, in Romania, in December 2024 against November 2024, the volume of construction works went up by 26.3%, an increase pointed out for capital repair works (+40.3%), maintenance and current repair works (+27.2%) and new construction works (+23.8%). There were increases for residential buildings (+51.6%), non-residential buildings (+32.6%) and engineer construction works (+17.5%). The volume of construction works went up, as adjusted series according to the number of working days and season, by 3.3%, an increase recorded for capital repair works (+12.2%), new building works (+5.4%) and current maintenance and repair works( +5.3%). As for construction object, the volume of building works went up for residential buildings (+25.6%) and non-residential buildings (+12.5%). Engineer works dropped by 1.4%. In exchange, in December 2024, compared to December 2023, the volume of construction works as gross series, dropped by 11.6%. There were drops for structure elements, for current maintenance and repairs (-14.7%), new construction works (-11.2%) and capital repair works (-7.9%). For construction objects there were drops for non-residential buildings (-13.5%), engineer construction works (-11.1%) and residential buildings (-10%). As an adjusted series, according to the number of working days and season, the volume of building works dropped by 14.3%. For structure elements, drops took place for new construction works (-16.1%), current maintenance and repair works (-14%) and capital repair works (-7.4%). In case of construction objects, the volume of works dropped for engineer works by 17,4%, non-residential buildings by 15% and residential buildings by 6.6%.
Brand Management, a Romanian company with over two decades of expertise in offline advertising, announces the official launch of Generatik. This revolutionary digital platform fundamentally transforms how promotional campaigns are carried out in physical spaces. For the first time in Romania, an offline campaign can be planned in 20 minutes instead of 20 days. The […]
A week after the outbreak of violence against Romanian immigrants in Northern Ireland and the homes where they live, Minister Emil Hurezeanu said that these are "outrageous." He spoke about the subject after being asked by journalists at the end of a government meeting, according to
Romania’s major automotive associations have voiced concern after the Government suspended its flagship 2025 scrappage grant scheme, citing fiscal constraints. The Association of Motorcycle Importers and Distributors in Romania (AIDMM) and the Association of Automobile Manufacturers and Importers of Romania (APIA) have criticized the move, calling it a political decision that threatens both industry stability […]
The fourth Coradia Stream electric train has arrived at the Alstom Grivița depot from the batch of 37 ordered by the Railway Reform Authority, the rolling stock manufacturer announced on June 19. According to Alstom, the new train will undergo 2,000-kilometer endurance tests without passengers, a mandatory requirement for any new train before entering service. […]
The European Parliament voted on June 18 in favor of a resolution to prolong the funding period of the Recovery and Resilience Mechanism (RRM), supporting a Romanian-led initiative to ensure that ongoing investment projects under the national recovery plans can be completed. The final decision, however, rests with the European Commission. The report, co-authored by […]
Romania’s public debt, as measured by the ESA methodology, increased by only RON 9 billion (EUR 1.8 billion) during March, reaching 56.1% of GDP at the end of the month, up from a revised 55.7% one month earlier and 54.8% at the end of 2024, according to data published by the Finance Ministry. The end-February […]
