Business Services Industry
Report on the Development Forecasts for Romanian Construction Sector Available Now
Business Wire, June 25, 2008
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/1c2551/construction_secto) has announced the addition of the "Construction Sector in Romania 2008 - Development Forecasts for 2008-2010" report to their offering.
Romania's construction market undergone rapid expansion in recent years, and European Union membership can only serve to accelerate this trend. The growth of Romanian economy as a whole indicates that this trend will continue in the years to come, creating substantial new market opportunities.
The Commercial Real Estate market, in particular, has recently entered a period of dynamic growth. Construction engineering projects now have access to substantial financial support from the EU, also critical to the development of many major infrastructure projects. The future in the residential housing sector is also optimistic for construction interests, both for new building projects and in the renovation and maintenance of the existing housing stock.
International investors, including construction companies, are busily making plans to expand their activities in Romania as many local companies lack the specific financial and technical resources required to serve all planned investments, especially the largest EU-founded infrastructure projects.
Our report, Construction sector in Romania 2008 - Development forecasts for 2008-2010, contains the most important and up to date statistical data about the construction sector in Romania, as well as analysis of current market conditions and forecasts for growth up to the year 2010. Professionals will benefit from our lengthy and detailed experience of forecasting in countries that have undergone a similar economic transformation.
The report functions as a useful tool for:
- top managers of construction companies active in Central and Eastern Europe
- strategic planners and executives of firms considering Romanian market entry
- companies engaged in construction and those in production and distribution of building materials in the region
- architectural and consultancy firms interested in this market
- developers interested in the Romanian market
- embassies
- Road and construction equipment producers
- commercial and investment banks
- REITs (Real estate investment trusts) and investment funds
Key sections:
Construction sector in Romania 2008 - Development forecasts for 2008-2010 presents complete market data for the market as a whole, and for all major sub sectors in these five sections:
- Section One presents a detailed picture of the macroeconomic data for Romania, including figures on gross domestic product, foreign investment and an analysis of the impact of EU membership on the economy as a whole.
- Section Two presents complete information on the prevailing conditions in the Romanian construction market such as size, volume and trends. Detailed descriptions of major market players are given, along with data on factors that influence profit such as taxes, employment and wage levels within the industry.
- Section Three focuses on the civil engineering sector, where expansion is largely a function of new investment and an increase in major infrastructure improvement and replacement. Governmental plans for roadways, airports, railways and environmental protection projects are detailed, along with forecasts for upcoming investment and the projects that will soon appear on the drawing boards.
- Section Four provides data on current conditions in the non-residential construction market in Romania, a sector that is forecast to expand according to the needs of the growing economy. As new businesses require office, retail and warehouse and industrial space, construction projects increase and new business opportunities will become available.
- Section Five centers its attention on the Romanian residential construction sector, and government programs set to stimulate the increase of new construction on residential units. Data on housing stock, prices and projected increases is analyzed and forecasts are provided.
Report overview:
Macroeconomic conditions have a direct influence on all market sectors, construction is no exception. Construction sector in Romania 2008 - Development forecasts for 2008-2010 covers all the most important economic indicators, including:
- gross domestic product
- the macroeconomic impact of EU membership
- foreign Direct Investment (FDI)
- inflation and exchange rates.
The overall situation and size of the construction market are important considerations for those planning a profitable business strategy. Current data and forecast trends are presented, with particular emphasis on:
- market volume and trends that influence growth and development
- prevailing and predicted rates of employment and wages
- major construction companies (overall number, details of the major contractors and producers of building materials)
- cement production
- construction taxes.
Expanding and updating the Romanian infrastructure will place added demand on the civil engineering sector, as planned projects include:
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