Gheorghe Calburean: I postponed €40 mln worth of investments

According to him, since last fall, the clients of the drilling division in South Africa, Ukraine, and Bulgaria terminated contracts worth some $20 million. On the local market, where, according to Calburean, business went surprisingly well, some drilling contracts were partly restructured. Dafora has loans worth some €60 mln, half of which are equipment leasing contracts. “We have no arrears,” the businessman said. In spite of the decline in contracts, Calburean estimates that the group’s second-largest asset, Condmag, will end 2009 with an increase in business of up to 70 percent compared to estimates made early this year, due to contracts gained throughout this year.