Construction sector in Romania 2009

Table of Contents

I. Methodology

II. Executive summary

III. Macroeconomic overview

• Gross domestic product
• Investments
• Prices

IV. General situation in Romanian construction

• Construction output
• Forecast for the construction market for 2009-2011
• Employment in construction
• Construction companies
• Production and consumption of basic building materials
• Taxes related to construction
• Formalities regarding the construction investment process and building

V. Non-residential construction

• Construction and assembly output
• Industrial buildings and warehouse construction
• Office building construction
• Retail and wholesale building construction
• Development forecasts for non-residential construction in 2009-2011

VI. Civil engineering construction in Romania

• Construction and assembly output
• Road infrastructure
• Railway infrastructure
• Waterway infrastructure
• Airport infrastructure
• Other civil engineering works
• Development forecasts for civil engineering construction, 2009-2011

VII. Residential construction

• Housing stock
• Construction and assembly output
• Homes completed and new construction permits
• Housing projects and prices on the residential market
• Government programmes for stimulating housing construction
• Development forecasts for residential construction in 2009-2011

VIII. Company profiles

• Build Corp.
• Comnord SA
• Cominco
• CON-A
• Condmag
• Arcom
• Bouygues Romania
• PAB Romania

IX. List of graphs

X. List of tables

XI. About PMR

XII. Contact PMR

List of graphs and Tables:

• 1. Historical and development regions of Romania, 2009
• 2. GDP and gross fixed capital formation change in Romania (%, real y-o-y changes), 2000-2008
• 3. Value and y-o-y nominal changes of the construction market in Romania (RON bn and %), 2001-2008
• 4. Forecast for construction and assembly output in Romania, by type of construction work, 2009-2011
• 5. Real GDP growth in Romania (%, y-o-y), 2000-2009
• 6. Gross fixed capital formation in Romania (%, y-o-y), 2000-2008
• 7. Foreign direct investment in Romania (€ bn), 2000-2008
• 8. Average annual consumer price indices in Romania, 2003-2011
• 9. Monthly changes in consumer prices (%, y-o-y), January 2007-December 2008
• 10. Real growth rate of construction output in Romania (%), 2000-2008
• 11. Value and y-o-y nominal changes of the construction market in Romania (RON bn and %), 2001-2008
• 12. Value of the total* construction market in Romania (RON bn), 2001-2008
• 13. Construction output of own management construction works (RON bn), 2005-2008
• 14. Breakdown of construction and assembly output in Romania (%), 2005-2008
• 15. Breakdown of construction and assembly output in Romania by nature of work (RON bn), 2000-2008
• 16. Breakdown of construction works by nature of work (%), 2000-2007
• 17. Construction and assembly output in Romania (%, y-o-y growth), 2009-2011
• 18. Net wages and annual real changes in Romania (RON, %), 2001-2011
• 19. Average gross monthly salary in Romanian construction (RON), 2007-2008
• 20. Construction companies in the total economy in Romania, 2007
• 21. Number of construction companies (' 000) in Romania, 2001-2007
• 22. Construction companies by number of employees (%), 2007
• 23. The share of small and medium companies in the total construction market (%), 2001-2007
• 24. Production of construction materials in Romania (RON bn), 2002-2008
• 25. Cement consumption in Europe (kg per capita), 2006-2007
• 26. Cement consumption in Romania (million tonnes), 2005-2009
• 27. Contribution of non-residential construction to overall construction and assembly output in Romania, 1997-2008
• 28. Construction and assembly output, non-residential construction in Romania (RON bn), 2002-2008
• 29. Construction and assembly output of non-residential construction by category of building, 2007
• 30. Construction and assembly output of non-residential construction by category of building, 2008e
• 31. Construction and assembly output, industrial buildings and warehouses in Romania (RON bn), 2002-2008
• 32. Construction and assembly output, administrative and office buildings in Romania (RON bn), 2001-2008
• 33. Construction and assembly output, retail and wholesale buildings in Romania (RON bn), 2001-2008
• 34. GLA of shopping centres in Bucharest and other Romanian cities (' 000 m2), 2002-2009
• 35. Number of completed shopping centres in Bucharest and other Romanian cities, 2002-2011
• 36. Number of stores in Romania, 2004-2008
• 37. Non-residential construction and assembly output in Romania (% y-o-y growth), 2009-2011
• 38. Contribution of civil engineering construction and assembly output in Romania, 2000-2008
• 39. Construction and assembly output in the civil engineering area in Romania (RON bn), 2005-2008
• 40. Civil engineering construction and assembly output in Romania, by type of building, 2007
• 41. The location of motorways planned for Romania until 2014
• 42. Railroad network in Romania, 2009
• 43. Romanian Airports location on the map
• 44. Electricity production by source in Romania (%), 2007-2008
• 45. Civil engineering construction and assembly output in Romania (% y-o-y growth), 2009-2011
• 46. Location of housing stock by area in Romania, 2007
• 47. The number of existing dwellings per 1,000 inhabitants in selected EU countries, June 2008
• 48. Contribution of residential construction to total construction and assembly output in Romania (%), 1997-2008
• 49. Construction and assembly output of residential construction in Romania (RON bn), 2000-2008
• 50. Residential construction and assembly output in Romania by type of building, 2007
• 51. Residential construction and assembly output in Romania by type of building, 2008
• 52. Residential construction and assembly output in Romania by type of building (RON m), 2002-2008
• 53. Homes completed in Romania (' 000), 2000-2008
• 54. Number of residential permits issued (' 000) and y-o-y change in Romania, 2002-2008
• 55. Number of individual homes for which construction permits were issued, 2006-2008
• 56. Homes under construction in Romania (' 000, at the end of the year), 2001-2008
• 57. Homes under construction by stage of construction in Romania (' 000, at the end of the year), 2006-2008
• 58. Issued construction permits, completed homes, and homes under construction in Romania (y-o-y change), 2003-2008
• 59. Number of completed homes per 1,000 inhabitants in Romania, by regions, 2006- 2008
• 60. Number of residential property transactions in Romania (' 000), 2007-2009
• 61. Residential construction and assembly output in Romania (% y-o-y growth), 2009-2011

• 1. Average exchange rates € /RON, 2000-2008
• 2. A basic macro-economic profile of Romania, 2007-2008
• 3. Construction and assembly output, by type of building in Romania (RON m), 2005-2007
• 4. Construction companies in Romania by number of employees, 2004-2007
• 5. Major Romanian construction companies by revenues and profit (RON m), 2007
• 6. Largest cement and lime producers in Romania, 2007
• 7. Largest concrete producers in Romania, 2007
• 8. Largest mortar producers in Romania, 2007
• 9. Mercury Logistics Park construction timeline, 2006-2011
• 10. Industrial and warehouse buildings development plans set by WDP, 2009
• 11. Largest office projects in Romania by expected delivery date, 2009-2011
• 12. Key information on all existing shopping centres/retail parks in Bucharest, 2008
• 13. Key information on all existing shopping centres/retail parks in Romania' s largest cities outside Bucharest, 2008
• 14. Shopping centres scheduled for opening in 2009 in Romania, April 2009
• 15. The status of shopping centres initially planned for delivery in March 2009
• 16. Modern retail chains active in Romania, by format and number of stores, 2009
• 17. Road network in Romania, 2008
• 18. Budget allocations for national roads undergoing re-consolidation in Romania, 2009
• 19. Motorway construction planned in Romania by 2014
• 20. Length of the railroad network in Romania (km), 2005-2007
• 21. Major investments planned in the railway network in Romania until 2010
• 22. Water goods transportation in Romania (' 000 tonnes), 2005-2008
• 23. Investments planned in major Romanian airports, 2009-2014
• 24. Number and total area (m2) of homes for which construction permits were issued in Romanian regions, 2007-2008
• 25. Number of individual homes completed in Romania, by regions, 2005-2008
• 26. Apartment prices in Bucharest (€ /m2), 2008
• 27. Residential projects due to completion by the end of 2009 in Bucharest