According to a recent report by Timetric, the construction industry in Romania grew at a compound annual rate of 3.78% in nominal terms between 2009 and 2013 . At the same time, foreign direct investment in the construction and real estate sector increased from $7 billion in 2012 to $7.8 billion in 2013, an increase of 7.7% year-on-year. According to the Banca Nationala Romaniei, the share of construction and real estate FDI in total FDI increased from 9.2% in 2012 to 9.8% in 2013. The increase of foreign direct investment and the upsurge of consumption and investment sentiment will promote the growth of construction industry.
Thanks to the government's focus on social infrastructure projects and the gradual recovery of the domestic economy from the global economic crisis, the growth period of the construction industry will continue from 2014 to 2018. According to the plan, by 2030, the government will invest $7.9 billion to build 656 kilometers of roads and improve the connectivity of the national road network. In addition, the government of Romania has further increased its budget expenditure on the education sector: from US $5.2 billion in 2012 to US $5.9 billion in 2013, an increase of 10.4% over the previous year. Investment in education infrastructure will also increase, even exceeding the original expected growth. The increase of construction projects, office building projects and waste disposal projects in the real estate industry will be the economic growth point.
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