The construction sector in Romania will reach a record level in 2021
The turnover of the construction sector (building construction, civil engineering and special construction works) increased by almost 30% compared to 2018 and exceeded by 40% the level of 2015, reaching over 108.7 billion lei in 2019 , according to the latest KeysFin analysis.
Moreover, for 2020, KeysFin analysts estimate a historical maximum of over 126 billion lei.
"The pandemic did not close the construction sites in Romania, on the contrary. This sector continued its accelerated growth both due to the maintained fiscal and governmental facilities (low salary taxes and the New House program), and due to the changing consumer behavior on the real estate market: Romanians wanted new and more spacious houses. For 2021, we estimate an equally sustained growth, especially in terms of demand, taking into account residential projects in all key areas of the country", said Roxana Popescu, Managing Director of KeysFin, one of the leading providers of business information solutions from Romania.
According to KeysFin data, ASTALDI SPA (Romania branch) became the leader of the construction sector in 2019, after a doubling of turnover, to almost 986 million lei in 2018 (1.1% of the total), surpassing the 2018 leader, BOG ' ART SRL, which ended 2019 on the 5th place after an annual decrease of 33%. Moreover, by 2020, KeysFin specialists estimate a possible change in the top due to the slowdown in office building projects.
Returning to the top 3 construction companies in Romania, on the 2nd place is STRABAG SRL (687.8 million lei and 0.8% of the total), and on the 3rd place CONSTRUCȚII ERBASU SA (551 million lei and 0.7% of the total ) in 2019.
As a geographical distribution, Bucharest ranks first in the top of counties according to the turnover of construction businesses based here, totaling 33.7 billion lei and 31% of the national level in 2019, the capital being followed in the ranking of Cluj (7% of the total), Ilfov (6.2%), Prahova (3.7%) and Iași (3.5%). At the same time, in Bucharest there are the most companies in the field (14,314) and the largest number of employees (80,698).
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.