Property in Romania

Public budget to drive construction market in Romania

The Romanian government has set infrastructure, education and healthcare as priorities of the 2007 budget, the daily said.
The government has scheduled to spend some 6.6 percent of GDP, or 7.1 billion euros (8,9 billion U.S. dollars) next year, the daily said.
A large part of the budget, or 2.5 billion euros (3.1 billion U.S. dollars), will be poured into the construction market, through infrastructure projects related to road, railroad, school and healthcare.

The money is fuelling the already strong demand on the construction market, boosting its growth at a pace of about 15 percent in 2007.

Date posted: October 3, 2006