Number of construction permits falls 28 pct in Q1
In Q1 2010, as many as 7,621 construction permits for residential buildings were released, accounting for a 27.9 percent drop from the similar period the previous year. The most dramatic declines were registered by the following development regions: Muntenia South (minus 674 permits), South-East (minus 499 permits) and Bucharest-Ilfov (minus 423 permits). A number of 3,445 construction permits for residential buildings were released in March 2010, a jump of 51.6 percent on February 2010 and a drop by 21 percent on March 2009. Of the 3,445 construction permits for residential buildings, issued in March, 63.3 percent are for rural zones.