“The year 2020 has been the most intense in the history of the Erbasu companies. We expected growth of more than 30% in revenue for our construction business (the main business of the group) and of about 10% to 20% for the other companies in the group (hotel, agriculture and food industry),” Cristian Erbasu says.
Next year appears to be good for some sectors but construction of all seems to on the rise as it was in 2020, he added.
“Although the first half of next year is expected to be very difficult, the second may come with the expected rebound after more than a year of pandemic.”
Constructii Erbasu posted 703 million lei revenue in 2019. Cristian Erbasu also has a dairy plant in Nucet, Dambovita County, and ibis Styles Bucharest Erbas Hotel in Aviatiei area in northern Bucharest.
The construction business should end the year with 10% growth, Erbasu says.
(English version by Loredana Fratila-Cristescu)