Hungary’s construction sector to recover in summer

19
May
2020
News - Hungary’s construction sector to recover in summer #construction #coronavirus #ÉVOSZ #Hungary #report

by Property Forum | Report

The National Federation of Hungarian Building Contractors (ÉVOSZ) expects orders that were never placed in the last two months will be arriving in mid-June. 


ÉVOSZ President László Koji told public radio MR1 on Tuesday morning that the output of Hungary's construction sector in the first quarter of 2020 was broadly the same as in the same period of 2029, but due to the coronavirus (COVID-19) pandemic, they had received no orders for two months. 

The question is now how micro and small businesses will cope with these difficult times, given that they generally have reserves sufficient for 1.0-1.5 months, he added.

Experiences show that the number of new contracts has risen only in the countryside for now. 

Koji noted that in this situation the federation is asking the government to take into consideration that the construction sector is a priority sector and to make sure that the preparation of state projects are accelerated. 

"We need to set the construction industry on a new course to get it to another level in terms of organisation, digitalisation, know-how [and] building energy. For us to become better for our industry, the materials industry also needs developments which will facilitate the manufacture of much more complex and more rapidly installable materials that also save manpower," he said.




Latest news


New leases

  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.
  • Sports Direct has leased 1,700 sqm in XOPark Sofia for its first Bulgarian store, in a deal brokered by CBRE.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


Latest news

News - CEE firms increasingly redesign offices over hybrid work
25
Mar
2026

CEE firms increasingly redesign offices over hybrid work

by Property Forum
Around 96% of Central European companies operate in a hybrid model, and nearly 90% have redesigned or rethought their office layout, according to a report by ThinkCo and Skanska. The research shows that concentration-supporting environments, flexible space usage and sustainability considerations increasingly influence employee decisions.
Read more >
News - Gridarch delivers industrial facility in Ostrava
25
Mar
2026

Gridarch delivers industrial facility in Ostrava

by Property Forum
Development company Gridarch has completed Phase II of the Ostrava Airport Multimodal Park (OAMP). This phase includes Hall D, offering 11,300 sqm of industrial space including offices, which was handed over to international manufacturing company Brose.
Read more >
News - Iulius and Atterbury start work on €550 million mixed-use scheme in Cluj
25
Mar
2026

Iulius and Atterbury start work on €550 million mixed-use scheme in Cluj

by Property Forum
Iulius and Atterbury Europe have begun construction on Rivus Cluj-Napoca, Romania's largest urban reconversion real estate development.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy