Trigranit has cut its EUR 8 bn development pipeline in Central and Eastern Europe by half due to the worsening financial crisis, the company's spokesperson, Tábori György, confirmed on Monday. Aside from scrapping EUR 4 bn worth of projects, investments in the remaining schemes may be postponed by up to five years, chairman Sandor Demjan told the Financial Times newspaper on Chairman Sandor Demjan told the Financial Times newspaper on Monday.
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