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Construction industry

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Construction Output Volume Down in Hungary

Aug 15, 2022

Construction output volume decreased by 8.1% in one year and by 5.2% compared to the previous month in Hungary. The volume of construction output in June 2022 fell short of the previous year’s level by 8.1%, according to raw data. Out of the main groups of construction, the output at construction of buildings decreased by […]

Unprecedented Year of Success at Masterplast

Apr 28, 2022

Favorable construction demand, raw material supply constraints and price rises characterized the market in 2021, where the Masterplast Group, leveraging its stable supply chain, efficient inventory policy and strong market position, achieved an outstanding result, according to the 2021 annual report by the leading insulation material and construction industry product producer-distributor company in the Central […]

Construction Output Volume Up 42.3% on Pandemic Base

Apr 13, 2022

The volume of construction output in February 2022 surpassed the previous year’s level by 42.3% in Hungary according to raw data published by the Central Statistical Office this Wednesday. Among the two main groups, output was 56.2% higher in the construction of buildings and rose by 20.0% in civil engineering compared to the February 2021 […]

Construction Sector Expects Slowdown and Cost Increase

Apr 4, 2022

The Russian-Ukrainian war is also putting the construction industry in Hungary in a difficult situation, raising prices for domestic construction materials and making it impossible to import products, and slowing down construction work, according to the results of a recent sectoral economic survey. The President of the National Association of Construction Contractors (ÉVOSZ), László Koji, […]

Mapei Hungarian Turnover Up by 22% in 2021

Mar 30, 2022

The turnover of Mapei Ltd., a distributor of building materials, increased in Hungary by 22% year-on-year to HUF 27.7 billion last year, and is expected to reach HUF 33 billion this year, up 19%. The company's managing director, Béla Markovich, presented the company's research on the shortage of construction professionals at a press conference in […]

Even Steeper Construction Material Price Hikes

Mar 21, 2022

"Construction material prices have already increased by 15-25%, much more intensively than originally expected, due to the impact of the war, and construction is becoming even more expensive as manufacturers continue to announce increasingly drastic price hikes," the business daily Világgazdaság writes. Raimund Wiesinger, president of the Hungarian Building Materials Trade Association (ÉKE), told the […]

Design & Build a la Takenaka

Sándor Laczkó
Mar 8, 2022

A large number of Japan’s most prominent landmarks and an impressive number of high-rise buildings both in Japan and around the world have been created by Takenaka Corporation. It is the biggest Design & Build general construction company in Japan providing services in architecture, engineering, and construction. Takenaka has a long and storied history that […]

Housing Construction Drops in Hungary in 2021

Feb 24, 2022

In 2021, 19,898 new dwellings were built, 29% less than a year earlier. Based on issued dwelling construction permits and simple declarations, the number of homes to be built increased by 33% to 29,941 compared to 2020, the Central Statistical Office reports In Budapest, 7,038 dwellings were built, 11% more than in 2020. In all […]

Construction Output Volume Up on 2020 Pandemic Base

Dec 16, 2021

The volume of construction output in Hungary in October 2021 surpassed the previous year’s level by 14.5% according to raw data. Output was 19.7% higher in the construction of buildings and 9.7% larger in civil engineering compared to October of the pandemic year 2020. According to data published by the country's Central Statistical Office, in […]

Roof Windows for Healthy Buildings

Sándor Laczkó
Dec 13, 2021

VELUX, a Danish manufacturing company that specializes in roof windows, skylights, sun-tunnels and related accessories, has had its products available in Hungary since 1986 and it was also 35 years ago that the local VELUX firm (now VELUX Magyarország Kft.) was registered here. Explaining to Diplomacy&Trade, how the management – and the global company, which […]

With One Foot in the Future

Sándor Laczkó
Nov 16, 2021

The Synergy Group, a leading general contracting company with a wide geographical presence, providing sustainable design and build services, celebrates its 20th anniversary this year. The company is constantly profiting from its Anatolian roots, reaching out to Turkey for human resources, materials or culture. Synergy Construction Hungary Ltd. first made the headlines when it was […]

Construction Output Volume Up on Pandemic 2020

Sep 15, 2021

The volume of construction output in July 2021 surpassed the level one year earlier by 22.5% according to raw data. However, the figure was down by 0.4% compared to the previous month, the Central Statistical Office reports. In July 2021, compared to the same month of the previous year:Output rose in both main groups of construction: […]

Increasing Construction Output Volume

Aug 13, 2021

The volume of construction output in Hungary in June 2021, based on raw data, surpassed the previous year’s level by 27.8%. Output increased in in the construction of buildings by 25.0%, in civil engineering by 32.1% compared to the exceptionally low base of June 2020. Based on seasonally and working day adjusted indices construction output […]

Successful First Quarter for Masterplast Plc.

May 20, 2021

The interim management report of the Hungarian construction materials firm Masterplast Group for the first quarter of 2021 highlights that the company achieved the highest turnover and profit so far in the seasonally weakest first quarter. In a raw material market environment plagued by continuous price increases and supply disruptions, the Group's supply chain performed […]

Leier Capacity Expanding Investments in Hungary

May 12, 2021

Leier Hungária Ltd. is to carry out capacity expanding improvements at three of its Hungarian sites, Hajdúszoboszló, Pécs and Jánosháza. The total value of the investments is more than EUR 18.5 million. The company will create 20 new jobs as a result of the improvements while retaining the existing headcount of 1,021 people. Hungarian taxpayers […]

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