In Prague today, there will be a discussion about the future direction of construction

Prague - The 14th edition of the Forum of Czech Construction will take place today in Prague's Letňany. Politicians and industry experts will present the government's further vision for development and investment program, among other topics. They will also discuss the state of the sector and the development of investments and construction. Attendees include, among others, the outgoing Prime Minister Andrej Babiš (ANO), Minister for Regional Development Klára Dostálová (for ANO), Minister of Transport Dan Ťok (for ANO), and the President of the Association of Entrepreneurs in Construction (SPS) Václav Matyáš.

The event, organized by SPS and the company Blue Events, is primarily attended by representatives of construction, development, consulting, and investment companies. Approximately 300 delegates attended last year's edition.

The Czech construction industry has been affected by a crisis that began in 2008 much more than most other sectors. It declined for five consecutive years from 2008. In 2014 and 2015, it then grew by 7.1 percent and 4.3 percent, respectively. This was mainly due to the absorption of European subsidies from the programming period 2007 to 2013. However, in 2016, it fell by 5.9 percent. Last year, it recorded a gain of 1.7 percent. According to estimates, the total revenue of construction companies at the end of last year was about one-fifth lower compared to the record year of 2008.