Business news from Ukraine

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Research on the construction industry in Eastern and Southeastern Europe – countries of growth and decline

4 July , 2025  

Research on the construction industry in Eastern and Southeastern Europe – countries of growth and decline

According to the results of the Eastern European Construction Forecasting Association (EECFA) 2025 summer report, there is a significant stratification of construction dynamics across regions.

Here is an updated overview by country:

• Turkey: significant growth of ~19% is forecast, driven by large infrastructure and state-subsidized construction projects.

• Romania: the industry is expected to grow by ~15%, thanks to housing forecasts and support from the EU.

• Bulgaria: steady growth of ~8.5%, based on infrastructure and civil construction projects.

• Slovenia: moderate but stable growth of ~7%, despite a preliminary decline.

• Serbia: will continue its steady rise — ~5%, thanks to major projects, including EXPO 2027, as well as transport and housing initiatives.

• Ukraine: despite the war, the outlook is positive, thanks to large-scale reconstruction and infrastructure programs.

• Croatia: expected moderate growth of ~2.3%.

Countries with decline or stagnation

• North Macedonia: forecasts a decline of ~3.4% due to a slowdown in investment.

• Bosnia and Herzegovina: a decline of up to ~–6.2%, reflecting economic difficulties.

• Albania: expected sharp decline to ~–7.9% due to weak investment potential and economic uncertainty.

EECFA (Eastern European Construction Forecasting Association) is an association that publishes semi-annual reviews and forecasts for the region’s construction markets.

The review covers countries in Southeast Europe, the EU, and countries with economies in transition. The forecast covers both residential and infrastructure construction, as well as projects in the healthcare, education, and industrial sectors.