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In the context of global financial crisis, the furniture production in Romania will be impacted by several factors in 2009, such as reduction of exports, Romanians’ restricted access to consumer credits, weakening of the purchase power, slowdown or stagnation of the real estate sector, said Stefan Nicolae, chairman of Staer board...
The composite price index for apartment building construction increased 1.3% from the previous quarter to 169.3 (1997=100) in the third quarter of 2008, mostly the result of construction material price increases...
The US Department of the Treasury has recently announced an over USD25 million debt-for-nature swap with the Government of Peru under the Tropical Forest Conservation Act...
In the construction sector, seasonally adjusted production1 decreased by 1.3% in the euro area (EA15)2 and by 1.5% in the EU272 in September 2008, compared with the previous month. In August3, production grew by 0.4% and 0.2% respectively...
For the three months ended 31 October 2008, the Group’s results continued to be affected by the unprecedented events in the financial markets and their wide ranging impact on the housing market and consumer sentiment...
Home builders with outstanding construction loans are reporting that they are having to stop work on new housing developments and are losing sales as the result of failed banks and thrift institutions being taken over by the Federal Deposit Insurance Corporation (FDIC)...