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    • CommentAuthorTaylor
    • CommentTimeDec 6th 2017

    Key Highlights
    - The Romanian construction industry suffered a recession and slowdown in output due to the financial crisis in 2009. The country recorded a small recovery in 2011, and continued to show signs of recovery until 2012. From January to May 2013 the construction production index recorded an average decline of -7.7%, but began to grow during June–September 2013 as the index grew by an average of 5.1%. This indicates that the industry is still fragile and failing to match its pre-financial-crisis growth rates , but is displaying signs of stability as a basis for sustained recovery. This growth is largely attributed to the increase in the real estate prices and strong support from public investment. According to the National Institute of Statistics (INS), the economy grew by 4.1% in the third quarter of 2013 compared to the same period in 2012.

    1 Executive Summary
    2 Market Overview
    2.1 The Domestic Economy
    2.2 Key Trends and Issues
    2.3 Key Construction Indicators
    2.4 Benchmarking by Market Size and Growth
    2.5 Price Dynamics
    2.5.1 Salaries
    2.5.2 Equipment
    2.5.3 Materials
    2.5.4 Energy
    2.6 Porter’s Five Forces Analysis
    2.6.1 Bargaining power of suppliers – high
    2.6.2 Bargaining power of buyers – medium
    2.6.3 Barriers to entry – high
    2.6.4 Intensity of rivalry – high
    2.6.5 Threat of substitution – low
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