Construction sector orders are level with last year and show no sign of any marked expansion, although home construction could provide a boost, the head of industry association EVOSZ said at a general meeting on Wednesday.
László Koji said that an EVOSZ survey showed that the revenue of 60% of construction companies declined in 2025, while many were loss-making and the number of permanent employees was down by 25,000 from a year earlier.
He added that 85% of respondents had outstanding invoices and 10% of receivables were unpaid in the long term, bringing the "chain of debt" to HUF 300 billion.
Addressing the meeting, National Bank of Hungary (NBH) governor Mihály Varga said boosting efficiency was key to staying competitive in the construction industry and could also contribute to achieving price stability. He added that construction companies had benefited from the stable forint.
Hungarian Competition Authority (GVH) head Csaba Balázs Rigó said the watchdog was scrutinizing the conduct of construction companies, adding that ten antitrust probes, with a total of 70 participants, were underway.
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