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The IT and construction sectors have contributed significantly to Romania's economic development over the past five years

01 november 2024

In Bulgarian In Albanian In Macedonian In Romanian In Serbian

 

The IT and construction sectors have ranked among the main drivers of the Romanian economy over the past five years, although their development is slowing down in the first half of 2024, BalkanEngineer.com has learned from mediafax.ro.

 

 

Despite their small share in GDP, the IT and construction sectors have contributed significantly to economic growth in recent years, even during the pandemic. In 2024, however, their contribution was minimal and Romania's economy grew by a modest 0.7%.

 

Experts believe there is potential in promoting digitalisation in key sectors such as industry, agriculture and administration. Construction also has great potential, as Romania's housing stock is among the oldest and poorest in the European Union, suggesting long-term growth opportunities in this sector.

 

 

Photo sources: ©Engineer BG via Canva.com

 

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