17 December 2008 16:59 [Source: ICIS news]
TORONTO (ICIS news)--?xml:namespace>
The global financial and economic crisis had caught up with construction firms which had enjoyed good business right up till the end of September, said Bauindustrieverband Berlin-Brandenburg, a regional building industry association.
However, since October new orders had collapsed, the association said and pointed to sharp declines in public, commercial and private building orders in
Association president Peter Tessmer called for a “round table” with governments to quickly decide on public and infrastructure projects to at least partially mitigate the impacts of the recession on construction firms.
Governments needed to speed up project approvals, even if that meant a restriction of citizens’ and residents’ role in the process, Tessmer said at a press event in
Many officials within
German chancellor Angela Merkel on Tuesday promised additional spending and measures to bring forward infrastructure projects
Promoting infrastructure investment was better way out of the crisis than boosting consumer spending, she said in speech at Mannheim-based research group Zentrum fur Europaische Wirtschaftsforschung (ZEW).
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