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KÉSZ establishes subsidiary in Germany

World

Hungarian-owned construction company KÉSZ has set up a subsidiary in Germany, the group told Hungarian news agency MTI yesterday.

The new unit, KEMAG Deutschland, has already won its first project in Berlin: a €20 million, five-story residential building.

KÉSZ already has units in Ukraine, Romania, Serbia, Russia and Belarus. These generate more than 15% of the groupʼs turnover on average.

The group aims to increase turnover of the German unit to €60-80 mln a year by 2020.

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