Construction in Hungary - Key Trends and Opportunities to 2020 - New Report Available

From: Fast Market Research, Inc.
Published: Mon Jun 27 2016

Timetric's Construction in Hungary - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Hungarian construction industry including:

* The Hungarian construction industry's growth prospects by market, project type and construction activity
* Analysis of equipment, material and service costs for each project type in Hungary
* Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Hungarian construction industry
* Profiles of the leading operators in the Hungarian construction industry
* Data highlights of the largest construction projects in Hungary

Report Highlights

* Being a landlocked country, Hungary's location plays a vital role in improving the performance of its logistics industry. According to the Kozponti Statisztikai Hivatal (KSH), the total volume of goods transported within the country grew by 1.6% in 2015 compared to 2014. Roads accounted for 84.8% of the movement of goods in 2015, followed by railways, pipeline and water transport with 7.8%, 7.3% and 0.1%. The increased transportation of goods creates a need for efficient transport infrastructure, which will support growth in the country's road and rail infrastructure over the forecast period.
* In terms of buildings permits, there has been clear evidence of improvement in residential construction. According to the latest data from the KSH, new construction permits issued for residential buildings grew by 27.2% in 2015, increasing from 5,132 in 2014 to 6,526 in 2015. Moreover, the total floor area of new building permits grew by 27.1%, going from 1,082,916m2 in 2014 to 1,376,406m2 in 2015.
* To increase electricity generation capacity, the government is planning to construct two new nuclear reactors at the Paks Nuclear Power Plant. Accordingly, the government entered into an agreement with Rosatom, Russia's State Atomic Energy Corporation, in January 2014. According to the terms of the agreement, Russia will finance 80.0% of the project by providing a loan worth HUF3.1 trillion (US$13.3 billion), which is to be repaid over the next 21 years, following the operation of new reactors.
* According to the KSH, the number of foreign tourist arrivals rose by 17.6% during the first half of 2015, compared to the first half of 2014. Spending by foreign tourists increased by 12.3% over the same period. According to the Ministry for National Economy, the number of domestic tourist arrivals increased by 7.4% in 2015 compared to 2014.

Full Report Details at

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