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Construction industry

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Construction Output Volume Down Year on Year

D&T
Sep 15, 2020

The volume of construction output, based on raw data, was 21.0% lower in July 2020 compared to the high base of the previous year. Output decreased in both main groups of construction: in the construction of buildings by 18.8%, in civil engineering by 22.9%. Based on seasonally and working day adjusted indices construction output increased […]

Construction Output Volume Down in Hungary

D&T
Aug 13, 2020

The volume of construction output, based on raw data, was 15.7% lower in June 2020 compared to the high base of the previous year. Output decreased in both main groups of construction: in the construction of buildings by 14.2%, in civil engineering by 17.5%.  Based on seasonally and working day adjusted indices construction output increased […]

Real Estate Market Malaise

D&T
Jul 31, 2020

The economic crisis triggered by the coronavirus pandemic has wreaked havoc in nearly all sectors of the Hungarian economy and the real estate market was no exception. The latest data show that the number of construction permits plummeted in the wake of the crisis and experts warn that the disappearance of foreign property buyers could […]

COVID-19: Losses in the Construction Industry

D&T
Jul 15, 2020

The volume of construction output, based on raw data, was 20.1% lower in Hungary in May 2020 compared to the high base of the previous year, the country's Central Statistical Office reports. Output decreased in both main groups of construction: in the construction of buildings by 24.0%, in civil engineering by 15.6%. Based on seasonally […]

MASTERPLAST Acquires Fidelis BAU

D&T
Jul 1, 2020

The Hungarian construction material firm MASTERPLAST Co. Ltd. has informed investors at the website of the Budapest Stock Exchange that it acquired the 100% share in Fidelis BAU Ltd. According to a share purchase agreement signed on July 1, 2020, the purchase price of the share consists of a fixed amount of HUF 100,000,000, and […]

Favorable Business Data at Hörmann Hungária

D&T
May 28, 2020

The turnover at Hörmann Hungária Ltd., which sells garage doors, exterior and interior doors and traffic restraint systems, increased by 19% (to HUF 9.5 billion) compared to the previous year, the company told the Hungarian news agency MTI. According to the information provided, internationally, the German parent company closed with a 5% increase and sales […]

Construction work in Budapest

More Construction Firms Set Up Despite the Crisis

D&T
Apr 21, 2020

The previous momentum in the construction industry still keeps the number of start-ups in the sector high. In March 2020, nearly 80% more businesses were launched in the sector than were closed. It was expected that the effect of the coronavirus would not be immediately apparent in the sector, but the March values refute all […]

Construction site in Budapest

Construction Output Volume Increases in Hungary

D&T
Aug 16, 2019

The volume of construction output, based on raw data, was 20.3% higher in June 2019 than a year earlier, Hungary's Central Statistical Office reports. The volume of output increased in both main groups of construction: in the construction of buildings by 23.5%, in civil engineering works by 16.5%. Based on seasonally and working day adjusted […]

Construction site in Budapest | Sándor Laczkó

More new homes, decline in construction sentiment

D&T
Aug 2, 2018

In the first half of 2018, 6,517 new dwellings were built in Hungary, 30% more than a year earlier. Based on issued dwelling construction permits and simple declarations, the number of homes to be built fell by 8.9% to 18,066 compared to the first half of 2017.

GSE Goodman-Auchan topping out ceremony | Dávid Harangozó

Logistics center topping out ceremony

D&T
May 22, 2018

The Goodman-Auchan combined building, constructed by GSE Hungária Ltd. in Üllõ, just south of Budapest, has reached its highest point. The topping out ceremony was attended by the deputy foreign minister and the French ambassador.

Viastein plant in Biharkeresztúr | Zsolt Czeglédi /MTI

Paving block factory developed

D&T
Apr 5, 2018

The Hungarian company Viastein is developing its Biharkeresztes plant in three phases, creating 180 new jobs, through a project of about EUR 29 million. The foundation stone was laid and the plant built in the first phase was delivered this Thursday.

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Construction industry continues to grow

D&T
Nov 14, 2017

In September 2017 and in the period January-September 2017, the volume of industrial sector output grew by 5.4% and 5.2% year-on-year, respectively. Since January 2010, the sector’s output has been up by more than 35%.

The new Bodrogi Bau production plant | Tibor Rosta /MTI

Construction material production plant opens

D&T
Nov 9, 2017

Bodrogi Bau Ltd. saw the opening of its doors and windows and insulation material production plant in Szeged, SE Hungary this Thursday. Nearly HUF 500 million of the total cost of over HUF one billion was financed from EU funding.

| Can Stock Photo Inc.

Hungary's construction sector boom

D&T
Oct 17, 2017

According to end of summer figures by the Central Statistical Office, the volume of construction output in Hungary was 36.8% higher in August 2017 than the low base a year earlier. construction output grew by 9.8% in August compared to the previous month.

Leier master ceiling | source: Leier Hungária

Leier expands Hungarian plant

D&T
Jul 28, 2017

Leier Hungaria Ltd., the Hungarian subsidiary of Austrian construction industry group Leier, is spending HUF 7 billion (EUR 23 million) on expanding its six Hungarian construction material plants, creating a hundred new jobs.

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