Decline of industrial investments could stop in 2012

Parliament

The best the Hungarian construction industry can expect in 2012 is that the sector’s contraction will come to an end, Laszlo Koji, deputy head of building sector association EVOSZ, told MTI on Wednesday.

 The number of contracts at the end of 2011 for construction companies was down 20pc from the same period the year before, which is not a good sign, Mr Koji said.

However, some companies expect a 5-8pc rise in turnover for the year, Mr Koji added.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Higher taxes 'toxic' for Hungarian economy - Orbán Government

Higher taxes 'toxic' for Hungarian economy - Orbán

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.