Construction

South Korean Samyang Constructing EUR 11m Plant in Hungary

Korea's Samyang is spending EUR 11m to build a plant in the Hungarian city of Jászberény, which will make plastic parts for the electronics and automotive industries, deputy-CEO Chong Yeol Lee said in Budapest on Friday.


Flood Protection Developments along River Dráva from EU Funding

The assistance contract of the project bearing the title "Drávaszabolcs-Kémes Flood Area" was signed on 22 March.


Construction Industry Activity Shrank by 13.5 Pct in January

In January 2010, the volume of construction activity decreased by 13.5pct according to unadjusted indices as well as indices adjusted for working days on January 2009.


Mavir Invests HUF 60–70 Billion in Development and Renovation until 2015

Mavir, the Hungarian National Electricity supplier realizes a HUF 60–70 billion investment project on developing its electricity network and system management, which is part of a HUF 107 billion-program stretching until 2020.


Construction of Another Micro-Regional Outpatient Healthcare Center to Commence

A total of HUF 481 billion has been earmarked under the New Hungary Development Plan for healthcare developments over the 2007–2013 period.


Construction Output Decreased by 4.3 Pct in 2009

Continuing the decline of previous years, output of construction decreased by 4.3 pct in 2009.


Goodman Group Starts Phase Two of Budapest European Distribution Logistics Center

Australian property developer Goodman Group told MTI it has started the second, HUF 2.5 billion phase of construction at the Üllő Airport Logistics Center on the outskirts of Budapest.


Construction of a Micro-Regional Outpatient Healthcare Center to Commence

A total of HUF 481 billion has been earmarked under the New Hungary Development Plan for healthcare developments over the 2007–2013-period.


Banks Remain Risk Averse

The Magyar Nemzeti Bank (the central bank of Hungary) published the results of its latest lending survey in January, suggesting that banks have had strong ability and adequate liquidity position to lend.


Érd-Erzsébet Drainage Network to be Developed from a HUF 663 Million Investment

The Érd-Erzsébet rainwater drainage system will be completed by the end of summer by investing over HUF 663 million.


News Monitoring