Construction output volume, based on both raw and working day adjusted data, was 0.4% lower than a year earlier. Among the main construction groups the construction of buildings increased by 2.2%, that of civil engineering lessened by 6.3%. Based on seasonally and working day adjusted indices construction output was above the January 2026 level by […]
Output of Hungary's construction sector dropped 11.4% year-on-year in January, data released by the Central Statistical Office (KSH) on Friday show. Construction sector output slipped 9.6% when adjusted for the number of workdays. Output of the buildings segment dropped 9.6%, while civil engineering output fell 14.5%. In absolute terms, construction sector output reached HUF 396bn […]
Hungarian-owned construction company Bayer Construct will invest HUF 12 billion to expand capacity at its base in Sóskút, southwest of Budapest. As a result of this major investment, a 12,000-square-meter bathroom assembly plant is now being built in Sóskút, and the company is also establishing a precast concrete, carpentry and locksmith plant. In addition, by […]
Output of Hungary's construction sector climbed 8.9% year-on-year in December, MTI quotes data released by the Central Statistical Office (KSH) on Friday show. Construction sector output increased 6.5% when adjusted for the number of workdays. Output of the buildings segment climbed 8.4%, while civil engineering output increased 10.5%. In absolute terms, construction sector output reached […]
The construction industry is not expected to see a rapid rebound next year, but rather a slow, gradual recovery, driven primarily by residential renovations, energy efficiency programs, and preferential loans, the local unit of Italian building materials maker Mapei said in a report. Managing director Béla Markovich said the Home Start subsidized credit scheme for […]
Around 60% of construction industry companies in Hungary expect to close 2025 with falling revenue, according to a survey by the National Association of Construction Contractors (ÉVOSZ), reported by MTI. The survey results, presented on Friday, show 27.5% of companies anticipate higher revenue for the full year and 12.5% see turnover stagnating. Around 400 companies […]
Market Építő Plc.'s after-tax profit reached HUF 30.51 billion in 2024, an increase of more than HUF 9 billion compared to the same period last year, while the construction company's revenue decreased from HUF 321.69 billion in 2023 to HUF 307.43 billion in 2024, the construction company said on Tuesday on the Budapest Stock Exchange […]
Mapei Ltd., a Hungarian member of the international Mapei Group, a manufacturer and distributor of construction materials, expects 14.8% sales growth this year, despite the fact that the Hungarian market for construction materials is not expected to expand in 2025, said Béla Markovich, the company's CEO, at a press conference in Budapest on Thursday. According […]
KÉSZ Holding Plc. has appointed Róbert Barócsi as Group Sales and Strategy Director of KÉSZ Group, the company has announced this Thursday. The new director comes from within the Group, having previously held the positions of Head of the Architectural and Structural Solutions Division and Managing Director of KÉSZ Metaltech Ltd. In his new role, […]
The A1 and B1 halls of the first phase of the East Gate Pro Business Park, developed by WING Plc., have been awarded the BREEAM International New Construction Very Good sustainability rating, portfolio.hu reports. The halls have earned the rating for their sustainable energy and water efficient management, among other things. The development has been […]
Market Építő Plc.'s turnover last year exceeded HUF 308 billion, while the overall profit per parent company of the building construction company was HUF 25.731 billion, the company announced on the Budapest Stock Exchange (BSE) website on Friday. According to the report, net sales increased by HUF 11.763 billion to HUF 308.880 billion. The overall […]
The 17,000-square-meter production hall to be built in District 15 of the capital by Market Építő Plc. has reached its structural completion stage. The new hall will expand Siemens Energy's site and will be used to manufacture components for gas power plants. Construction is scheduled for completion in the last quarter of 2023, the construction […]
The inauguration of Ineton Ltd.’s new automated plant in Alsónémedi, just south of Budapest, marks an important chapter of the domestic reinforced concrete manufacturing market. The HUF 16 billion investment allows to produce special-purpose precast concrete which enhances construction efficiency to a large extent. As a result of the extension headcount surges to 140, the […]
Mapei Ltd. expects a more than 6% increase in sales this year, Béla Markovich, the managing director of the Hungarian company, which manufactures and distributes building materials, has said at a press conference in Budapest. He has also discussed the results of a survey by the company about finding construction professionals in Hungary. He added […]
According to raw data the volume of construction output in January 2023 lagged behind the previous year’s level by 3.6%, the Central Statistical Office reports. Out of the main groups of construction the construction of buildings decreased by 4.0 and that of civil engineering by 2.1%. Based on seasonally and working day adjusted indices construction […]
