Construction company CON-A in Sibiu, controlled by businessman
Mircea Bulboaca, expects a 45 million-euro turnover this year, down
50% against last year, mainly due to the suspension of several
projects that the group was involved in. “We have works worth over
30 million euros which, due to the economic recession, have been
suspended. The effects of the financial crisis are apparent in the
level of investments in the construction sector – they have been
cut significantly during this time,” said Mircea Bulboaca, chairman
of the CON-A group. In the first half of the year, the CON-A group
posted a 23 million-euro turnover, down by over 34% against the
similar time last year. CON-A officials say the group’s business is
significantly affected by the financial crisis because most works
conducted up until this year were private investments, mainly
construction works on shopping centres. “Considering that the state
is not supporting investments as it should, we had to be quick to
turn to another type of works, which we did and it paid off,”
Bulboaca said. CON-A sealed contracts for the modernisation of the
Sibiu airport, for construction of the Ramada hotel in Sibiu and of
several retail parks in Targu-Mures, Bacau, Braila, Sibiu and Deva,
and of MAN representative offices in Sibiu, Cluj and Bacau.

Subiecte #Con-A#Mircea Bulboaca