Just Published: "Hungary Infrastructure Report Q1 2017"
Recently published research from Business Monitor International, “Hungary Infrastructure Report Q1 2017”, is now available at Fast Market Research
PR-Inside.com: 2016-12-29 13:00:58
Hungary’s construction sector is investment-thirsty, but the continuous decline y-o-y in the volume of construction output during the first eight months of 2016, primarily caused by the completion of works performed from EU funds at end-2015, will lead the construction industry to a contraction of 14.2% y-o-y in 2016. The residential building industry and the railways and power plants and transmission grids sub-sectors will be the only growth drivers over this year. In 2017, the country ‘ s construction sector is expected to recover, recording a slight growth of 0.25% y-o-y.
Full Report Details at
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Latest Updates And Structural Trends
Civil engineering projects have been the primary drivers of the construction sector rebound, with road and railway projects in particular, driving the civil engineering growth. In August 2016, the volume of construction output decreased 9.0% y-o-y, the construction of buildings rose by 7.0% y-o-y as a result of the increase in industrial construction, while in contrast civil engineering works declined by 23.9% y-o-y due to the completion of works performed from EU funds at end-2015 (Hungarian Central Statistical Office, 2016).
The ex-post evaluation of EU Cohesion Policy programmes during the 2007-2013 funding cycle showed about 55% of the funding in Hungary was invested in transport and environmental infrastructure. The country built 502 km of new roads and 20 km of railway lines, while 2,521 km of existing roads and 216 km of railway lines were upgraded (Budapest Business Journal, 2016).
The Hungarian government earmarks HUF1.2trn for railways by 2022, while some 80% of the costs are reportedly set to be covered by the EU (Budapest Business Journal, 2016).
The Parliament of Hungary enacted the Renewable Energy Support System, known as METAR, in mid-June 2016; the new regulatory and support scheme for electricity generation from renewable energy sources (RES). Through METAR, Hungary aims to meet its undertakings in the field of RES generated electricity by 2020.
Hungary’s score in BMI’s Infrastructure RRI has increased this quarter to 60.3 out of 100, compared to 55.6 in the previous quarter, while the regional average stands at 61.4.
Hungary’s Industry Rewards score is its poorest showing in BMI’s Infrastructure RRI; at 50.0, it is very close to the regional average of 50.2.
Although Hungary has a competitive and open infrastructure market, the lack of transparency in the tendering process has affected its market image. Compared to the regional average of 67.1, Hungary scores 65.0 in terms of Industry Risks.
The Hungary Infrastructure Report features BMI Research’s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.
BMI’s Hungary Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Hungarian infrastructure and construction industry.
Benchmark BMI’s independent infrastructure industry forecasts for Hungary to test other views – a key input for successful budgetary and planning in the Hungarian infrastructure market.
Target business opportunities and risks in the Hungarian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Hungary.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
BMI Industry View
Summary of BMI�s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).
Industry SWOT Analysis
Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.
BMI Industry Forecasts
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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI’s country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010&afid=701
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