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Articles - constructors

Challenging times for homebuilders and real estate companies

Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices in commodities and, first and foremost, the interest rate environment and accessibility of credit, they are currently under strain. And things are unlikely to get any better in 2024, according to a survey by Coface.

Increasing construction costs, the biggest challenge of 2022 for real estate companies in Romania and other countries in the region

The increase in construction costs represents the biggest challenge of 2022 for 90% of the real estate companies in Romania and in other countries in this region of Europe, according to the Deloitte Real Estate Confidence Survey for Central Europe 2022, conducted in the second quarter of this year in Romania, Poland, the Czech Republic and Hungary.

Constructors in Romania warn the government: the construction market crisis could lead to economy recession

Representatives of the Federation of Construction Companies Employers (FPSC) warn that the current construction crisis could throw the economy into recession and ask the government for tax subsidies and facilities to raise workers' wages in construction and halt the exodus of employees abroad, as well as a minimum salary of 500 euros, and total tax of 20%, reduced from about 45% today.

Austrian group Strabag to build Ana Tower office building in northern Bucharest

The Ana Group, controlled by local businessman George Copos, signed with Austrian company Strabag for the construction of Ana Tower office building, which will be completed by the end of next year, 19 months after the start of the works, according to the company.

Romania’s constructions sector down by 4.8 pct in 2016

The constructions sector shrank by 4.8 percent in 2016 compared with 2015, due to the decline in infrastructure works while the residential market went up significantly, according to the data published on Tuesday by the National Institute of Statistics (INS).

Impact signs a contract to build six properties worth EUR 5.24 mln

Impact Developer & Contractor has closed a contract with Devbon SRL on December 16 to build in Bucharest six properties worth EUR 5.24 million, according to a release of the company to Bucharest Stock Exchange (BVB) where the company is listed.

Forte Partners appoints Bog’Art as general contractor for the first phase of The Bridge office project

Forte Partners appoints construction company Bog’Art as the general contractor for the first phase of The Bridge business park.

BRD requests insolvency of EMCT România SRL

BRD Groupe Societe Generale is asking for EMCT România SRL’s insolvency, the developer of real estate projects in Romania such as Sun Plaza and the first hypermarket in the country.

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