WCN blog
Szechenyi Plan expected to boost Hungarian construction industry
June 15, 2011
By prameelav
The Hungarian construction industry, one of the worst affected during the subprime crisis, is expected to receive a major boost from the Szechenyi Plan announced by the country's government.
Széchenyi Plan, an economic development program, which allocates HUF7,000 billion (EUR25.5 billion) during 2011-14 to a number of business projects and the infrastructure market, is expected to boost the investment rate by 5 percentage points on an annual basis. This plan also includes the construction of a railway service between Budapest and Ferihegy airport. With new infrastructure projects in the pipeline, the market is expected to recover to pre-crisis levels by 2013.
Hungary's overall construction market is expected to grow with a CAGR of 3.49% to 2015. However, growth is only expected to be registered after 2012. Currently, the market is recovering from a steep fall in the recent years and is expected to reach stable levels in 2012.
All these and many more facts and figures in addition to an in-depth analysis can be found in the report: The Future of Construction in Hungary to 2015 published by World Market Intelligence (WMI).
To access the complete report, please visit our premium subscription Construction Intelligence Center product www.worldmarketintelligence.com/ic/construction
Posted by prameelav on June 15, 2011 11:37 AM
Comments
Post a comment
Blog Archives
