Arhive Press appearances - Page 5 of 5 - Terano Construct

Financial Intelligence: The construction of shopping malls has been put on hold by the repeated price increases for construction materials, by salary increases, by the lack of stocks, and by the lack of predictability on the market

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.

Forbes: Marian Ciupitu, CEO of Terano Construct: ‘This year, I will be more restrained in making radical decisions. I will deal with the challenges one step at a time.’

The construction sector is the one that delivered the most insolvencies in 2022, according to a survey conducted by Coface.

Ziarul Financiar: Terano Construct, a company with business worth 5 million euro, develops coffeehouses and stores for the Vagabond clothing brand. The company is fully owned by Marian Ciupitu, a graduate of the Faculty of Technology and Mechanical Engineering (TCM)

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.

Forbes: A 35% growth is estimated for this year in the retail center refurbishment segment

Following the year 2022, marked by fewer deliveries of modern retail developments, with only 77,000 square meters added to the total existing area.