“The construction market seems to be enjoying a rebirth, if one can say so,” said Nir Sirota, general manager of Danya Cebus Rom.
“Many projects suspended in the last few years are returning to the market to negotiate and, moreover, we can talk about the emergence of new projects. Danya is optimistic and hopes the situation on the construction market will continue to improve,” he added.
The local construction market fell significantly in 2009 and 2010, by a total of around 40%, to EUR9-9.5 billion at the end of last year.
The company expects turnover of around EUR22 billion for 2011, up 10% on last year, thanks to the two contracts it is currently working on and other prospective projects.
Danya has an ongoing contract worth around EUR15 million for the construction of a mall developed by GTC in Arad (Galleria Arad), as well as a EUR6.2 million project for structure works for the future AFI Offices project in Bucharest, developed by Africa Israel Investments.
(English version by Daniela Stoican; Editing by Radu Bostan)