The Hungarian company Masterplast turns from a classic construction firm into a company that is increasingly focused on the insulation industry and has strategic positions in the healthcare industry as well, CEO Róbert Nádasi told the business daily Világgazdaság. With the acquisition of a German plant in Aschersleben, near Leipzig, last year, Masterplast also took […]
The volume of construction output in February 2021, based on raw data, was lower than the previous year’s level by 16.1%. Output decreased in both main groups of construction: in the construction of buildings by 16.7%, in civil engineering by 15.0%. In February 2021, compared to the same month of the previous year:– Output decreased […]
Market Építő Plc. that celebrates its 25th anniversary this year has become the leading high-rise construction company in Hungary. The company, which attaches importance to the application of innovative solutions and the comprehensive use of quality, health and safety and energy management systems, also earned the title of ‘Construction Company of the Year’ in 2019. […]
Construction output volume in December 2020 in Hungary decreased by 0.3% in one year, and by 3.1% compared to the previous month. The volume of construction output in December 2020, based on raw data published by the Central statistical Office this Monday, was 0.3% lower compared to the previous year. Output of the two main […]
The volume of construction output based on raw data was 16.2% lower in October 2020 compared to the previous year. Output decreased in both main groups of construction: in the construction of buildings by 5.3%, in civil engineering by 26.5%. Based on seasonally and working day adjusted indices construction output increased by 1.3% compared to […]
The output volume of the construction industry in Hungary decreased by 13.6% in one year, and increased by 1.9% compared to the previous month. According to data released by the Central Statistical Office, the volume of construction output based on raw data was 13.6% lower in August 2020 compared to the previous year. Output decreased […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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.
