The volume of construction output in July 2022 in Hungary surpassed the previous year’s level by 3.0%, according to raw data, the country's Central Statistical Office reports. Out of the main groups of construction, the output at construction of buildings increased by 0.5%, that of civil engineering grew by 7.0%. Based on seasonally and working […]

Reynaers Aluminium is a European developer of aluminum products for the building sector. The company, present in over 40 countries, also provides support for architects, fabricators, project developers, investors and end users. As Country Manager Zoltán Nagy explains to Diplomacy&Trade, the company was founded in Belgium in 1965 and has grown from there. “In Hungary, […]

Financing difficulties in the construction sector are compounded by late payments from long chains of subcontractors, especially to the micro and SME sector. In addition, only a fraction of these companies are creditworthy, which is why it is particularly important for them to obtain advances from customers, the National Federation of Hungarian Building Contractors (ÉVOSZ) […]