CCCF Bucuresti, once one of the top two construction companies in the country, has suffered successive declines in its business each year since 2002. CCCF turned over a mere 47 million euros last year, nearly three times lower than the figure for 2002 of 121 million euros. This year''s budget predicts turnover will remain the same as in 2004. Market sources say the fall in turnover is due to the low level of investment in the railways as well as competition from foreign companies that entered the market over the last few years. When contacted by Ziarul Financiar, CCCF representatives made no comment on the causes of the fall in turnover. "We expect turnover to stagnate this year, but hope to see 20% growth next year," said Nicolae Constantinescu, CCCF general manager. The company is planning to streamline its operations and to focus on civil engineering projects, which have become the main growth drive on the domestic constructions market. CCCF is currently specialised in railway and bridge construction. ZF
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