August 2021

What are the real problems of the Czech construction industry?   

by David Frič, STEM/MARK, a.s

Czech construction certainly did not evade the crisis caused by the Covid-19 pandemic. According to Euroconstruct data, the industry fell by 3.6% in 2020 and is unlikely to return to pre-pandemic levels in the next two years. However, the pandemic is far from what bothers Czech builders the most. There are plenty of orders and demand is still high in most areas. The capacity utilisation of construction companies is close to 100%. There are other long-term as well as current obstacles that prevent the restart of the construction sector…