Value of Construction Works in Serbia Drops in Second Quarter
Observed by regions in the Republic of Serbia, the value of construction works done in the second quarter 2020 noted the increase in Region Južne i Istočne Srbije (48.3%), and in Beogradski region (2.3%), while value of works decreased in Region Šumadije i Zapadne Srbije (13.7%) and in Region Vojvodine (25.1%), relative to the same quarter 2019.
Of the total value of works done in the second quarter 2020, 94.1% were performed on the territory of the Republic of Serbia, while the rest of 5.9% was performed on building sites abroad.
Total value of works done by the contractors from the Republic of Serbia regarding works performed on the territory of the Republic of Serbia and abroad remained at the same level as in the second quarter 2019, at current prices, while at constant prices, the increase amounted to 1.8%.
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