Moldovans build less, renovate more

In the first half of this year, fewer constructions were initiated in Moldova than in the same period last year. The total volume of constructions in comparable prices decreased by 8%, revealed the National Bureau of Statistics. In particular, the volume of current maintenance and repair works decreased by 22.6%, but also that of new construction works by 13.3%.

Meanwhile, the volume of capital repair/renovation works and other construction works (demolition, land development prior to construction, etc.) increased in the analyzed period by 26.2% and by 1.1%, respectively, compared to January-June 2022.

On construction objects, in January-June 2023, compared to the same period of 2022, there were decreases (in comparable prices) in the volume of construction works carried out on residential buildings (-22.9%) and engineering constructions (- 7.1%). At the same time, the volume of construction works performed on non-residential buildings increased in the analyzed period by 6.5% compared to the corresponding period of 2022.

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