“Since the start of the year, the construction market has posted a significant decline as the state is not investing. Therefore, we do not see a positive change in the field of constructions on the short term,” stated Mircea Bulboaca.
Since 2009, the constructions industry has lost around 40% of its value amid the downfall of investments, both in the public and private areas. Most works CON-A is now carrying out are for multinationals, but the Sibiu-based company did not provide any information on these projects.
“On the dearth of public investments during this period, we’ve focused on private works, which are unfortunately falling compared with the production capacity of companies in the field. Because of this, there’s fierce competition on the market and builders have to make big sacrifices to continue operating,” said Bulboaca.
As regards projects underway, the company is due to complete works for a polyvalent sports hall of Cluj, a EUR20 million project. In the same city, CON-A is building Liberty Technology Park.
So far, CON-A has completed in Cluj, jointly with other companies, two major projects, the EUR77-million car part plant of Germany’s Bosch and Cluj Arena stadium, an investment of around EUR36 million.
(English version by Catalina Apostoiu)