"Hungary Infrastructure Report Q3 2016" now available at Fast Market Research

New Construction market report from Business Monitor International: “Hungary Infrastructure Report Q3 2016”

"Hungary Infrastructure Report Q3 2016" now available at Fast Market Research

PR-Inside.com: 2016-07-05 18:18:04

Hungary’s construction sector growth will continue to be backed mainly by EU funds; in the transport infrastructure industry, road and rail projects will benefit mostly, while in the energy and utilities infrastructure industry, the power plants and transmission grids as well as the oil and gas pipeline sub-sector will experience higher growth. Residential building industry will grow substantially due to high disposable household income, as a result of an improving economic performance, decreasing unemployment rate and low inflation. The construction industry will expand 1.9% y-o-y in 2016, with an average annual real growth of 2.9% over 2016-2025.

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. However, in January and February 2016, the volume of construction output decreased 20.1% and 19.2% y-o-y, respectively, the construction of buildings also declined by 12.6% and 8.6% y-o-y, respectively as well as civil engineering works by 28.5% y-o-y in January and by 35.4% y-o-y in February. In 2015, the figures were positive, as the volume of construction output increased 3.0% y-o-y, the construction of buildings increased 4.8% y-o-y and civil engineering works 1.6% y-o-y (Hungarian Central Statistical Office, 2016).

Full Report Details at
www.fastmr.com/prod/1182776_hungary_infrastructure_report.aspx?a ..

According to Hungarian news agency MTI, the government and the European Commission reached a political agreement, significant for the country, in a dispute over road construction tenders, Cabinet Chief Janos Lazar stated on April 8, 2016 (Budapest Business Journal, 2016).

Hungary is able to draw EUR40mn of EIB road development loan directly and the remaining EUR100mn can be received in two tranches after the clarification of contract details and conditions, as Agnes Hornung, Hungarian Economy Ministry state secretary, stated on March 8, 2016 (Budapest Business Journal, 2016).

As announced on March 29, 2016, the bank CIB Group anticipates further recovery on the Hungarian property market due to favorable investment environment and several state incentives, such as a VAT rate cut and new home purchase subsidies for families with children (CSOK) (Budapest Business Journal, 2016).

Risk/Reward Index

Hungary’s score in BMI’s Infrastructure RRI has declined slightly this quarter to 60.1 out of 100, compared to 60.3 in the previous quarter, while the regional average is 61.6.

Hungary’s Industry Rewards score is its poorest showing in BMI’s Infrastructure RRI, at 50 it is slightly lower than the regional average of 50.3.

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 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.

Key Benefits

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).

Coverage

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

About Business Monitor International

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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