Construction confidence indicator in Romania strikingly improved in Q1 2014
During 2013, construction business confidence in Romania was below the levels recorded a year earlier. Last year, the pessimism in the construction industry largely increased due to the lack of public sector initiatives to support the industry. The government overwhelmingly focused on providing funding for ongoing projects initiated before 2013 and did not initiate any infrastructure construction development programmes. It should be mentioned that increasing pessimism in the sector in 2013 contrasted with the significant improvement revealed by the EU construction confidence indicator for the industry across the European Union last year.
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