The construction of shopping malls will be significantly reduced due to the repeated price increases for construction materials (approximately 30-40%), the salary increases, the lack of stocks, and the lack of predictability on the market, according to Marian Ciupitu, General Manager, Terano Construct.
The construction sector is the one that delivered the most insolvencies in 2022, according to a survey conducted by Coface.
Marian Ciupitu, owner of Terano Construct: 'For 2023, we aim to strengthen the business; it has already been a more difficult year, as we have seen so far, but we will take one challenge at a time, so that the drop forecasted for the entire market does not affect us very much.
Following the year 2022, marked by fewer deliveries of modern retail developments, with only 77,000 square meters added to the total existing area.
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