Investment in construction to drop by 6.7% in 2020
According to the European Commission’s Autumn Economic Forecast, investment in construction will drop by 6.7% in 2020 compared to 2019. Temporary closure of construction sites and a significant decrease in building permits severely hit the sector in the first half of 2020. Uncertainty forced companies to revisit spending plans and households to postpone or cancel construction projects. Renewed restrictions in the last quarter of 2020 are expected to have a modest impact with construction activities generally being allowed to operate.For 2021 and 2022, the European Commission is forecasting an increase in investment by 5.2% and 2.9% respectively.
German Presidency hosts CPR conference
Renovation Wave : The road to carbon neutral Europe
On 6 November FIEC Vice President Lubomir Katchamakov and Director General Domenico Campogrande contributed during an online conference organised by MEP Iskra Mihaylova on the Renovation Wave.In the presence of Commissioner Kadri Simson, responsible for Energy, they highlighted the huge opportunities that the Renovation Wave represents for the construction sector, but also the challenges regarding its funding, the need to invest in training and education, to speed up procedures and not to forget also the need for renvoation and maintenance of infrastructure.