Has COVID-19 affected construction sites in SEE?
The construction industry seems to have been relatively less affected than some other industries (like tourism) as most large projects continue during the lockdown measures across the region. The Eastern European Construction Forecasting Association has published a COVID-19 update on the construction sectors of Bulgaria, Croatia and Slovenia.
EECFA (Eastern European Construction Forecasting Association) is conducting research on the construction markets of 8 Eastern-European countries such as Bulgaria, Croatia, Romania, Russia, Serbia, Slovenia, Turkey and Ukraine.
According to the Association of Construction Entrepreneurs, there are no frozen residential construction sites, but it is hard to imagine that the work is going to continue with the same volumes. Additionally, obtaining construction permits is becoming increasingly difficult despite the effort of municipalities to introduce e-services.
Construction works of the largest infrastructure projects continue at present, but with a slower pace since there are difficulties in deliveries of construction materials. Delays are expected on the Bulgarian part of ‘TurkStream’ due to the obligatory 14-day quarantine for foreign workers who are employed on the site.
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SOFIA (Bulgaria), October 8 (SeeNews) - The number of real estate purchases in Bulgaria rose by 2.8% year-on-year to 56,675 in the third quarter, data of the country's registry agency showed on Thursday.
On a quarterly comparison basis, real estate purchases in Bulgaria jumped by 50% in the July-September period, the registry agency said in a statistical data release.
It's October and we have only 3 months left until the end of this year!
If we have good health, everything else is in order, so let's wish all of you to be healthy, so that we can go through the forthcoming new stage of the corona crisis.
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