Construction companies: no human resources to absorb investments

Romania will attract investments of 250 billion euro in 2009-2013, of which 120 million will be invested by private companies, Finance minister Varujan Vosganian said on Tuesday. But his optimism was challenged by representatives of construction companies, who say Romania lacks the human resources to cope with this level of investments.

These investments would guarantee an annual pace of economic growth of 5-6%, which is positive for a country of Romania’s size, Vosganian said.

But the executive head of the employers’ union of construction companies, Adriana Iftime, said that in the first half of 2008 over 800 construction companies went bankrupt and some statistical data show that 2 to 4 million Romanians were now working abroad.

And Dan Ioan Popp, head of Impact Developer&Contractor, warned that Romania would not be able to cope with announced investments considering its current human resources.