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“Today, the builders of our country really feel extreme tension and anxiety about the future and the reduced volume of work. For example, a survey of the country’s construction companies conducted by the LSA in July showed that as much as 68 percent. construction companies are feeling the workload decrease. These are serious signs, “LSA President Dalius Gedvilas told Eltai.
According to him, such results were due to the fact that the majority of real estate developers and investors (ER) suspended or abandoned planned projects, and individual private builders also postponed most of the planned construction work.
“The projects that started today before the pandemic are still ongoing, but unfortunately very few new ones are planned. We also see a similar situation in the execution of rehabilitation projects,” commented the president of LSA.
According to D. Gedvilas, the decrease in the volume of construction works may lead to a faster growth of the unemployment rate, which currently stands at 13.2 percent.
“The labor market in the construction sector has become one of the industries most affected by the pandemic. For example, already in the first quarter of this year, the country’s construction unemployment rate rose to 12%, when in Lithuania it reached 7.1% ”, said the president of the LSA.
According to him, due to this year’s coronavirus pandemic, the sector no longer expects a recovery in private equity investment and plans around 30 percent by the end of the year. decline in revenue, so public procurement has become a key expectation.
Earlier on Friday, Statistics Lithuania announced that in the second quarter, compared to the corresponding period of the previous year, the number of construction works carried out, excluding and excluding the effect of the number of working days, decreased by 7.3 per hundred.
In the second quarter, construction works were carried out in the country for 814.1 million. EUR at current prices, which, once the influence of the season and the number of working days is removed, is 15.1%. at constant prices less than in the first quarter (36.9% more without elimination).
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