Current Trends in the Construction Sector

Abstract

This article discusses and shows one of the biggest economic sectors, construction, which is a lucrative industry for investors as well as a source of revenue and output for the country's economy. Over the years, the construction industry has seen times of uncertain development. But thanks to new trends in the industry (such as creative technological solutions, the growing popularity of modular constructions as an alternative to personal constructions, the sustainability and durability of constructions, and, last but not least, the increased emphasis on creating a safer working environment), the construction industry is undergoing a constant transformation and has succeeded in becoming one of the most competitive economic sectors. The Republic of Moldova's construction sector is expanding at the moment and is essential to raising living standards and promoting the expansion of the country's economy. Improving the nation's economic potential and ensuring a stable income for the populace is essential for achieving long-term performance and sustainability in all facets of this industry, since this fuels consumer demand. DOI: https://doi.org/10.53486/dri2024.20; UDC: 005.591.6:69(478); JEL: L7, O1, O3, O4