The quality shift

The credit crunch may have caused difficulties with the acquisition  of finance in CEE markets, but it has also led to the standards of retail projects being raised. Rafał Twarowski and dr. Knut Volquardsen, who together run the development company ECE Projektmanagement in Poland, are convinced of thisMladen Petrov, ‘Eurobuild Central & Eastern Europe’: Can we already announce the end of the financial crisis?dr. Knut Volquardsen, managing director of ECE Projektmanagement: From my point of view the crisis has had three stages. It started in the financial sector, which stopped financing companies and projects. This in turn triggered the second phase of the crisis in which many companies had to lay off employees and cut costs in other fields. Now we are in the third stage of the crisis – consumers have become afraid of the future and have started to save their money. This leads to lower turnovers for many retailers. The good news is that this stage is probably the