KSH: Hungary’s construction sector output up 8% in January

Output of construction sector in Hungary increased by a year-on-year 8% in January, following a drop of a 2.2% in the previous month, the Central Statistics Office (KSH) reported today.

According to KSH, output of the two main constructions groups increased – buildings by 6.7% and civil engineering works by 10.1% – in year-on-year terms. KSH added that the significant growth in the construction of civil engineering works, as in previous months, was related to road construction and railway reconstruction works as well as public utility projects running in several parts of the country.

Output rose by 7.4% in the division of specialized construction works, accounting for more than 40% of construction output. Meanwhile, the volume of new contracts was 28.7% lower. The volume of new contracts dropped by 3.9% in the construction of buildings and fell by 42.1% in the construction of civil engineering works compared to January 2014.

Automotive

ALD Automotive | LeasePlan Unveils New Global Mobility Brand Ayvens

Government

Orbán: Peak Flood Expected to Leave Hungary by Mid-Next Week

Energy Trade

MVM H1 Revenue Falls 22% Y.O.Y.

EU

EU to Deduct EUR 200 mln Fine From Hungary Funding

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.