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Bucharest
September 28, 2021
BUSINESS

Coface: Construction sector in critical shape

The Romanian construction sector remains in a critical phase, according to the ‘Panorama Sectors,’ a new quarterly publication issued by Coface. The most important factors that affected the construction sector in 2011 were low demand by population, which is adjusting the ever increasing ratio between debt’s service and incomes, the fragile financing support from the banking sector, foreign and government investments. The Coface research adds that Romania is among the few new member countries of the European Union that have a trade surplus of steel products. This is due to the fact that Romania records a structural surplus of the production capacity, inherited since the times of centralised economy. In average, 70 pc of the local steel output (raw materials or finished products) goes to export.

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