Construction industry confirms recession, lamenting lack of cheap credit

According to Parkiet, sector analysts confirm that the construction industry is suffering from a recession. The key indicator is the drop in sales of basic construction materials; for example, cement sales in the first quarter of 2001 are down one-fourth compared to the same period last year. Representatives of construction firms admit to profitability problems; one of them, Waldemar Mierzwa, director of information at Budimex, forecasts that this year will be crucial for many companies. In his opinion the situation could be improved by cheaper credits. (Parkiet, p.4), M.T.