Construction tops insolvency list
June 2009 - From the Print Edition
NATIONWIDE Construction has been the sector most hit by the financial crisis in 2008, according to French credit risk managers Coface.
The figure is based on the number of companies starting insolvency procedure or who have declared themselves bankrupt. Construction saw an increase of 56.29 per cent in failures compared to 2007. This was followed by a 50 per cent surge in insolvency in both the retail and hotel, restaurant and catering sectors.
Meanwhile the number of new building works is Bucharest is dropping at a faster rate than the rest of the country. Construction permits released in April for Romania fell by 6.7 per cent compared to March, according to the National Statistics Institute (INS). Around 65 per cent of the released construction permits were for rural areas.
In the first four months of 2009, 14,642 construction permits for residential buildings were issued, a 13.7 per cent decline on the first quarter of 2008.
The most significant falls were registered in Bucharest and Ilfov, the centre and the northwest. Southwest Oltenia was the only region where the number of construction permits increased.
|
|
|
 | |
|
|
| Daily Info |
|
Smart city is not a fad, it's a necessity In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo... |
|
Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers" "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u... |
|
Telekom Romania, a strong supporter of Smart City development in Romania Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society... |
|
In the industrial era, the fight was for finite material resources. Not anymore Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e... |
|
Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania" Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p... |
|
