Romania leads in European construction sector’s growth
Romania recorded this year the highest annual pace growth in the field of construction works (37.5%) in the European Union, the national Rompres news agency reported on Monday citing Eurostat statistics.
According to the cited statistics, Romania is followed at a distance by Great Britain (7.7%) and Slovenia (4.6%).Biggest declines were recorded by Sweden (minus 10%), Portugal (minus 4.7%) and Spain (minus 4.4%) In the European Union (EU 27) construction works reflected in September 2007 an advance of 2.5% compared to September 2006. In September 2007 as against August 2007, construction works showed a rise of 0.1% in the European Union. In this case as well, Romania ranges in the top, with an increase of 2.0%, outrun only by Slovakia (3.2%), but ahead of Germany (0.7%). At the opposite pole there are Great Britain (minus 6.7%), Portugal (minus 5.2%) and Poland (minus 3.4%).
The euro zone (EA 13) recorded in September 2007 an annual growth pace of construction works of 1.5%, whereas compared to August 2007 the output in construction sector remained at a stable level. According to the data presented by Romania’s National Institute of Statistics, construction works implemented in Romania, in September 2007, showed a jump of 37.1% in real terms, from September 2006. (people.com.cn)
ADVERTISEMENT
Banks to Draft Lending Recovery Plan
Gov't Extends Deposit Rate Cap Till Year-end
Media Markt Sanctioned for False Advertising
Budapest Muni Council Clears Rác Baths Renovation
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
