Biggest construction companies defy 2020 contraction
While the output of Hungary's construction sector contracted 9.1% last year, the industry's biggest players still managed to grow their businesses, Hungarian news agency MTI reports, citing data compiled by the Central Statistical Office (KSH).
The output of the sector's biggest companies, with more than 250 people on payroll, increased 4.9% last year. Those companies' share of total construction sector output climbed from 8.9% to 10.3%.
The output of companies with a headcount of 50-249 fell 12.8%, while that of companies with 20-49 employees dropped 13.4%. The two groups of companies accounted for 21.1% and 13%, respectively, of total output.
Companies with fewer than 10 people on payroll, making up 43.3% of total construction sector output, registered an output drop of 6.2%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.