The largest share of construction areas came in 2023 in the retail area, with 65% of the total projects being approved for such works, while only 19% represented the part of office construction and refurbishment.

“Although the year 2023 was not noted for the construction of numerous retail, mall-type projects, this field was surprisingly the segment from which our company received the most works in the previous year, registering a share of 65% of the total turnover. The area of office constructions and renovations representing, in the year just ended, only 19% of this, a fact that shows that there has been a change in the market, and office constructions have gone with the handbrake applied. The signals from the beginning of the year show us that things are not evolving spectacularly in the office segment, but retail will certainly continue the upward trend from 2023. Although no new malls have been announced, retail brands are constantly opening stores, reinvents and refurbishes its premises so that it creates projects permanently, especially for a company like ours specialized in this field” declares Marian Ciupitu, General Director of Terano Construct.

Read the rest of the material here.