EBI Construction Activity Report EECFA Buildecon

EBI Construction Activity Report

EBI Romania – started construction works – 24 August 2024

Posted on September 6, 2024 by janosgaspar

Since there was no indicator for construction starts in Romania, we created an estimate.

This poster summarizes the results of our monthly survey. It shows how the total value of construction starts has changed compared to the same period last year. It also shows which segments have the highest value of construction starts this year. We call this indicator "activity-starts". The indicator is calculated monthly for 18 construction segments by aggregating actual construction projects. The projects are from iBuild's database, and ELTINGA and Buildecon found a way to create an indicator from them.

If you want a short-term outlook, you will love it.

A quick comment from Janos Gaspar, Head of Buildecon:

In terms of activity starts, it has been an incredible half a year. In the non-residential submarket, we recorded the highest number of project starts in the history of this database. And civil construction works also stood out. Admittedly, project starts are slightly below last year's record high, but at €5. 8 billion, they are 3-4 times higher than any year before 2023. On the other hand, the apartment complex submarket continued to contract in the first half of the year.

You can find this poster on this blog every month. If you are interested in more, you can also get the monthly updated EBI data visualization (featuring indicators for all 18 sectors of the construction market) and the quarterly EBI Construction Activity Report Romania (with data and commentary) in English and Romanian. All of this is included in the annual subscription fee. Contact us for more information.

Q2 registers historically low quarterly Activity-Start in Hungarian construction, but H1 is not so bad

Posted on August 28, 2024 by efalucskai

According to the latest EBI Construction Activity Report Hungary, construction starts in the second quarter of the year barely exceeded HUF 400 billion, which was the lowest quarterly activity-start since 2016, even at current prices. However, due to the exceptional Q1 values, H1 2024 as a whole did not see a significant decline (onl y-11%) compared to H1 2023. However, compared to H1 2021, the drop was 18%, and compared to the exceptionally good H1 2022, the drop was a whopping 45%. Also, on a list price basis, activity starts hit a nine-year low.

The EBI Construction Activity Report Hungary analyzes the construction industry quarterly and publishes the volume of new construction starts and the value of completed projects in each quarter, both in aggregate and by segment. The report was produced by Ertinga, Buildecon (index creation, aggregation algorithm development) and iBuild (project survey, project database). Please contact us to learn how to obtain the full report.

Lowest quarterly value of construction starts since 2020

According to the EBI Construction Activity Report Hungary, construction starts increased in the first quarter of 2024, but decreased in the second quarter. Construction starts did not reach Hungarian francs 360 billion, the lowest quarterly value since 2020. Compared to the first half of 2023, construction starts decreased by 11. 8%, and compared to the same period in 2022 and 2021, they decreased by 30% and 21. 5% at current prices, respectively. In constant price terms, only H1 2014 was weaker than H1 2024.

Most of the decline was due to slower starts in non-residential construction projects. The decline in multifamily housing was much smaller, with starts remaining at roughly the same level as in the first quarter. In non-residential construction, starts in April-June this year were slightly above HUF 260 billion (down about 43% from Q1), but were significantly lower compared to the same period in the past three years. Looking at the quarters from 2021 to 2023, the second quarter of this year was the second lowest in current prices and the lowest since 2013 in constant prices. Due to the weak second quarter, activity starts in H1 2024 were also lower than the same period in the past three years in current prices. At constant prices, a lower figure was only recorded in the first half of 2014.

Large construction projects started in the second quarter of the year, including the MBH Bank Head Office in Budapest, the first phase of the BYD electric vehicle factory in Szeged and the Huayou Cobalt Vamo cathode factory in Akç. Construction also started on the Moxy Budapest Downtown hotel and several apartment buildings.

The value of civil engineering projects started bottomed out in the second quarter.

Following the bright figures in the first quarter, the number of civil engineering cases dropped significantly in the period from April to June this year. In the second quarter, civil engineering project starts were minimal, with starts not reaching Hungarian francs 70 billion, the lowest quarterly level since 2016. However, if we compare the first half of the year with the usual, 2024 is not particularly bad. Compared to the same period in 2023 and 2021, activity starts fell by 10. 5% and construction starts by 9%, exceeding those of 2020. There was only a big drop compared to the figures for January to June 2022. In the civil engineering field, road and railway construction works accounted for about 45% of activity starts in the first half of 2024, with a value not reaching Hungarian francs 200 billion. The fact that not a single civil engineering project was among the top ten projects with the highest number of construction starts in April-June of this year is a clear indication that civil engineering construction starts have bottomed out.

Most construction works continue to be started in the capital.

Looking at the last four quarters, the largest number of construction works were started in Budapest. The capital's share of construction starts nationwide was over 40%. The Northern Great Plain came in second, but with 13%, a significant decrease compared to the previous quarter's 20%-30%. Pest County came in third with 12%, while the southern Transdanubia region had the lowest share of projects started, accounting for only 5% of construction projects started in the last four quarters.

No real change in the value of construction starts for multi-unit housing projects

According to the latest EBI Construction Activity Report Hungary, the total amount of apartment housing construction, which was started in the second quarter of the first quarter of 2024, was almost just over 90 billion HUF. 。 The number of construction of the segment in the first half of this year was below 200 billion HUF, almost the same as in 2021. According to the list price basis, the number of co-housing starts in the first half of 2024 exceeded the number of starts in the first half of 2023, but did not reach the number of construction starts in the first year of the previous year. It was only below this in the first half of 2015. Nevertheless, in the second quarter of the second quarter, apartments were much better than in other construction fields. Among the 10 larg e-scale projects in the construction stage, there were several over 100 apartments.

Although the completion of apartment housing construction work in the second quarter was reduced compared to the first quarter, it maintained high levels, surpassing 200 billion HUF in the first half of 2024, which was the best in the first half of the recent half. The completion construction in the first half of 2024 exceeded the same period of the previous year by nearly 42 %, exceeding the record high of 22 % by more than 22 %. There is a possibility that the degree of perfection may be maintained in the future, and considering the scheduled completion time, a new record may be updated this year.

In the past four quarters, the number of assembled houses has been the largest number of assembled houses, and the share increased compared to the previous quarter and accounted for tw o-thirds of the number of starts. The construction was 15. 5 % in East Hungary and 16. 6 % in West Hungary.

In the Nambu University Plain, the number of star t-off starts has increased slightly. According to the latest EBI Construction Activity Report Hungary, the total amount of apartment housing construction that started construction for three months, following the first quarter of 2024, is almost over 90 billion HUF, almost flat. It was. The number of construction of the segment in the first half of this year was below 200 billion HUF, almost the same as in 2021. According to the list price basis, the number of co-housing starts in the first half of 2024 exceeded the number of starts in the first half of 2023, but did not reach the number of construction starts in the first year of the previous year. It was only below this in the first half of 2015. Nevertheless, in the second quarter of the second quarter, apartments were much better than in other construction fields. Among the 10 larg e-scale projects in the construction stage, there were several over 100 apartments.

In the Nambu University Plain, the number of star t-off starts has increased slightly. According to the latest EBI Construction Activity Report Hungary, the total amount of apartment housing construction, which was started in the second quarter of the first quarter of 2024, was almost just over 90 billion HUF. 。 The number of construction of the segment in the first half of this year was below 200 billion HUF, almost the same as in 2021. According to the list price basis, the number of co-housing starts in the first half of 2024 exceeded the number of starts in the first half of 2023, but did not reach the number of construction starts in the first year of the previous year. It was only below this in the first half of 2015. Nevertheless, in the second quarter of the second quarter, apartments were much better than in other construction fields. Among the 10 larg e-scale projects in the construction stage, there were several over 100 apartments.

EBI Hungary – megkezdett kivitelezési munkák – 2024. augusztus 9-i állapot

In the Nambu University Plain, the number of star t-off starts has increased slightly.

According to the EBI's latest construction report, the second quarter fell following the first quarter, but the construction has expanded in southern Great Plain in the first half of this year. The number of starts from January to June 2024 reached 126 billion Hungary Franc. The construction amount in the first half of 2024 was 110 billion HUF, which is the level of the first half of 2023. However, the starting amount of the first quarter boosted the start of the construction in the first half, and the construction amount in the second quarter became more slow. Among the buildings, apartments, as usual, stayed at the minimum level in the area, with only 6%of projects that were started in the first half of the country.

The largest no n-housing project in this area in the first half of 2024 is the Benepak wrapping material factory in Makh, the battery assembly factory in Mercede s-Benz in Ketikemate City, and the BYD Electric Automobile Factory in Seged. It was a 1st term work. These projects are said to be larger in recent construction construction, ranking second, third and fifth, respectively, between 2021 and 2024.

Civil engineering in the first half of 2024 was less than 16 billion HUF, which was the lowest in hal f-year basis. From the end of 2021 to early 2022, civil engineering work in the region has been built with the construction of the Becksaba-Lucchasa Railway Line, Budapest-Budapest-Solok Zar-Kelevia section, M44 Expressway Ketikemate-Zent Killer section. It has reached the hundreds of millions of Hungary Forlin and is still under construction.

Article: Tünde TANCSICS (ELTINGA), English version: ESZTER FALUCSKAI (Buildecon)

Hungarian construction industry kicked off well in 2024

Posted: August 13, 2024 August 27, 2024 Posted by: Janosgaspar

According to the latest measurements, activities-output of skyscrapers in the first half of this year are decreasing. The biggest negative factors continue to be industrial buildings, warehouses, and public funds (education, medical care, and other hig h-rise buildings). Condominium construction is increasing, but the amount is not so large, so activity starts are still low. The first half of the civil engineering submarket was even worse than the very sluggish first half of last year.

The latest data processing confirmed that the number of architectural construction cases in the first half decreased. The biggest negative factors are found in industrial buildings, warehouses, and national treasury lending departments (education, medical care, and other hig h-rise buildings). Although the total construction of apartment housing has been increasing, the number of construction cases is still low because it is not an exceptional level. The first half of the civil engineering submarket was even worse than the very sluggish first half of last year.

The poster (top) shows the period / period of the activity start index in the two major submarkets and the highest segments. This poster is announced every month on this blog. "EBI Construction Activity Data", which visualizes the details of the entire construction market (18 segments), is also updated every month, and the "EBI Construction Activity Report", which summarizes what is happening in the market, is also announced every quarter. Masu. If you are interested in the construction market, please contact us.

Posted: May 19, 2024 Posted by: Efalucskai

In the first quarter of 2024, the amount of construction work, which had been started for three months, was rising, and the activity started was not so high in the last six quarters. In the first quarter of the EBI Construction Activity Report Hungary 2024, the total amount of construction work was measured as HUF807BLN. Looking at the period from 2018 to 2023, only the fifth quarter of the number of starts exceeded this number. In the first quarter of 2024, the permanent price was good compared to June 2022. Nevertheless, it fell in a lower range compared to the period from 2018 to the first half of 2022. The poster shows the period / period of the two major construction submarkets and the segments with the highest number of starts. This poster is posted on this blog every month. In addition, the "EBI Construction Activity Data Visualization", which shows the details of the entire construction market, has been updated every month, and reports the market status in the "EBI Construction Activity Report" every quarter. For more information, please contact us from the inquiry page.

The latest data processing confirmed that the number of architectural wearing in the first half decreased. The biggest negative factors are found in industrial buildings, warehouses, and national treasury lending departments (education, medical care, and other hig h-rise buildings). Although the total construction of apartment housing has been increasing, the number of construction cases is still low because it is not an exceptional level. The first half of the civil engineering submarket was even worse than the very sluggish first half of last year.

Posted: May 19, 2024 Posted by: Efalucskai

In the first quarter of 2024, the amount of construction work, which had been started for three months, was rising, and the activity started was not so high in the last six quarters. In the first quarter of the EBI Construction Activity Report Hungary 2024, the total amount of construction work was measured as HUF807BLN. Looking at the period from 2018 to 2023, only the fifth quarter of the number of starts exceeded this number. In the first quarter of 2024, the permanent price was good compared to June 2022. Nevertheless, it fell in a lower range compared to the period from 2018 to the first half of 2022. The poster shows the period / period of the two major construction submarkets and the segments with the highest number of starts. This poster is posted on this blog every month. In addition, the "EBI Construction Activity Data Visualization", which shows the details of the entire construction market, has been updated every month, and reports the market status in the "EBI Construction Activity Report" every quarter. For more information, please contact us from the inquiry page.

Posted: May 19, 2024 Posted by: Efalucskai

The EBI Construction Activity Report Hungary analyses the construction industry quarterly and publishes the volume of new construction starts and the value of completed projects in each quarter, both aggregated and by segments. The report is produced by Ertinga, Buildecon (development of indicators and aggregation algorithms) and iBuild (project survey and project database). Please contact us to find out how to obtain the full report.

Building starts in Q1 2024 did not improve

Building starts at the beginning of 2024 could not regain their senses: the number of construction starts was at the same level as in Q1 2023. The value of construction starts was just above HUF 400 billion, roughly the same as in October-December last year, but was down 17%-26% year-on-year. In constant prices, the value of construction starts is decreasing. The last time the value of construction starts decreased was in Q4 2015.

The indicator for non-residential building starts rose slightly in Q1-3-2024 compared to Q4-2023, reaching over CHF 3. 5 billion. However, looking at each quarter from 2021 to 2023, Q1-2024 was the second lowest. In list price terms, the last time activity starts were lower than Q1-2024 was in 2015. For residential construction, 2024 got off to a better start than 2023, but construction starts continued to fall from Q4-2023 onwards. The biggest construction projects that started in January-March this year were mainly logistics and industrial buildings, such as the Mercedes-Benz battery integration plant (Kecskemét), Weerts Ebes logistics hall (Ebes), Benepack packaging materials factory (Makó), Evoring electric vehicle parts factory phase 1 (Jászfényszaru), VGP Park logistics centre building C (Győr) and Rossmann warehouse hall and headquarters (Üllő). Also starting were large office projects such as Zugló-Városközpont Office7, several apartment projects, the construction of the Hilton Garden Inn hotel (mixed-use complex) and the development of the Hungaroring paddock.

Civil engineering revived

After a few quarters, civil engineering improved, and the number of starts in the first quarter of 2024 was nearly 400 billion HUF, an increase of about 70 % from the first quarter of 2023. This improvement was noticeable in outrage, no n-railway construction, and roads and railway construction. The former showed a 180 % growth of last year, but the activity start grew more than 50 % from the previous quarter (activity start was also strong). The amount of the outrage and non-railway project at the current price exceeded the first quarter of 2017 in the first quarter of 2017, but the highest ACTIVITITY-START after 2020.

In the construction of roads and railways, the Ferenz Valos Kerenfeld Railway Route 1 project has recovered. The Neileggi Hasa's Southern Industrial Park and Esther Gum flood prevention facilities were also one of the largest civil engineering projects that had been constructed.

Budapest leads again

Record value of construction works started in Romania in 2023

Looking at construction work, which had been construction in the past four quarters, the highest price was Budapest, which accounted for 36 % of the entire number of construction work (20 % to 30 % in the previous quarter). The Northern Daikahara, which was the leader until the quarter of the previous quarter, retreated to second place (the number of starts was 21 %). The construction rate of South Tran s-Danubia was the lowest (the starting rate was barely over 5 %), 5 % in Western Trans Danubia and 6 % in northern Hungary.

Applied housing construction is still sluggish

This year, it started a better start in the construction of apartments than the previous year, but the amount of such a construction project decreased further and fell below the last two quarters of 2023. From the second quarter of 2016, the segment recorded the fourth lowest activity in the current price in the first quarter of 2024. Looking at the fixed price, the construction amount in early 2024 is the third lowest since 2016.

However, the market outlook has improved compared to the previous year. Mortgage interest rates have dropped significantly by the end of 2023 and continued to decline in 2024. The brighter environment has recalled the buyer to the housing market, and in the first quarter of this year, the revival has already become remarkable in both distribution and primary markets. Good news: The valu e-added tax reduction rate for new houses has been extended, and the building permission has fallen by the end of 2026, not the end of 2024, and can now sell houses with 5 % added value tax until 2030.

In the first year to March of this year, many apartments have been completed, and the completion has exceeded 120 billion HUF, the highest completed in quarterly since 2021. It is expected that many units will be completed this year, but in the long term, the amount of completion is expected to decrease due to the shrinking construction work.

Looking at the last four quarters, 63 % of the apartments in the construction stage are Budapest, and over 64 % of the amount are concentrated in the central Hungary. East Hungary was 14. 8 % and Western Transanubia was 20. 9 %.

Northern Hungary

The construction industry has started well nationwide, but in the northern Hungary, the total construction did not reach 22 billion Hungary Franc. This was the lowest quarter in 2018-2023.

In northern Hungary, both architectural and civil engineering worked in the first quarter of this year. The number of architectural wearing is the lowest level in the last few quarters, and its depression is clearly due to no n-housing buildings. The construction amount of apartment housing, which was started in early 2024, has increased, but the area of construction in the area is still very low (less than 3 % of the number of apartment housing starts nationwide in the past four quarters). Despite the improvement of apartments, the fact that apartments have been reduced are often indicated that there is no project in the area in the area in the first quarter of 2024.

Among the no n-housing buildings, the largest regional projects that started construction from January to March, 2024 include the second phase of Hatvin's Horwas Rudolf Logistics Center. In recent years, Miscoltz's Robert Bosch Power Tool MC301 Logistics Center (starting in 2023), GKN Automotive Production Plant (starting in 2022) in Felsorka, Cherbon Manufacturing Plant, and Remodeling Diosoyur Castle in Miscoltz (starting in 2021). It was the largest. In the Januar y-March year of this year, many apartments have been completed, and the completion has exceeded 120 billion HUF, and since 2021, it has been the highest completion of the quarter. It is expected that many units will be completed this year, but in the long term, the amount of completion is expected to decrease due to the shrinking construction work.

Northern Hungary

The construction industry has started well nationwide, but in the northern Hungary, the total construction did not reach 22 billion Hungary Franc. This was the lowest quarter in 2018-2023.

Among the no n-housing buildings, the largest regional projects that started construction from January to March, 2024 include the second phase of Hatvin's Horwas Rudolf Logistics Center. In recent years, Miscoltz's Robert Bosch Power Tool MC301 Logistics Center (starting in 2023), GKN Automotive Production Plant (starting in 2022) in Felsorka, Cherbon Manufacturing Plant, and Remodeling Diosoyur Castle in Miscoltz (starting in 2021). It was the largest. In the first year to March of this year, many apartments have been completed, and the completion has exceeded 120 billion HUF, the highest completed in quarterly since 2021. It is expected that many units will be completed this year, but in the long term, the amount of completion is expected to decrease due to the shrinking construction work.

Northern Hungary

The construction industry has started well nationwide, but in the northern Hungary, the total construction did not reach 22 billion Hungary Franc. This was the lowest quarter in 2018-2023.

In early 2024, the number of civil engineering wearing in northern Hungary continued to decrease. Looking at the period from 2018 to 2023, the total construction in the first quarter of 2024 was the third lowest: the activity started did not reach Hungary Franc. In the first quarter, the civil engineering project was not even in the largest construction project. The amount of the civil engineering project that was started in this area is a project such as the SZENTDOMONKOS-BORSODNádasd section, Sajószentpéter-BERENTE bypass 260, and the Gesztely-SZERENCS section 2023 in the construction stage The second quarter, the second quarter of 2022, and the third quarter of 2021 were higher. The peak of local civil engineering activities was in the second quarter of 2019, when the construction of sections A, B and C on the M30 highway began.

Article Tünde TANCSICS (ELTINGA); English version: English version: ESZTER FALUCSKAI (Buildecon)

Posted: April 5, 2024 Posted by: Efalucskai

Sentence: Sebastian Sipo s-Gug u-Ebuild SRL

According to the EBI Construction Activity Report, the total start of construction throughout Romania in 2023 increased significantly by 64 % yea r-o n-year. According to the EBI Constration Activity Report, the total start has reached the highest level in the past decade and the growth rate has reached the highest in the last 10 years. Even more impressive is the serendipiti (coincidence) that civil engineering has emerged to cover the difference while the number of construction workers has declined.

What is the EBI construction activity report? We created the estimated values because Romania did not have any indicators for construction. It will help you understand what will happen in the market in the next few months. This indicator is based on project information from the iBuild project database and is announced every month in EBI data visuiography (a total of 18 segments in the construction market). In addition to this, the EBI Construction Activity Report Romania is published every quarter, and data and commentary are published. The survey is the result of the cooperation of Eltinga, Buildecon, and iBuild. The name EBI comes from here.

2023: a weak year-end in Hungarian Construction Activity-Start

Featured civil engineering engineering

Looking at the activity start index, the apartment housing seems to have peaked in 2021. Construction costs rose in 2019, and inflation and interest rates have soared, and developers seem to be unable to optimistic about the shor t-term outlook in the market, resulting in a decrease in the number of starts.

As for non-residential construction, after a very positive year, 2023 saw a slight decline. The main factor was Bucharest, where the current problems with urban planning, combined with fluctuations in demand, slowed down the development of new buildings in all non-residential sectors (mainly the office sector).

The deadline for funding from the EU 2013-2020 Programme at the end of 2023 is expected to lead to a surge in civil works, which is also why the start of activity in the fourth quarter was more moderate than in previous quarters. Of the projects that started in the fourth quarter, those that could start at the end of 2023 were given priority.

The 37. 4 km section of the A1 motorway (Cornetu-Tigveni) will be one of the most complex and expensive road sections ever built in Romania, as it crosses the Carpathian Mountains and requires 12 km of bridges, tunnels and viaducts. It will also be the longest highway tunnel ever built (1. 7 km), about five times larger than the current record holder.

Several renewable energy projects also started in the fourth quarter of 2023, including a 102 MW wind farm in Braila County and a 60 MW solar plant in Alba County.

The third largest project to start in the last quarter of 2023 is a 12, 000-seat sports arena in Targoviste. During the four years that the local football team (FC Chindia - named after the tower that Vlado de Impaler built in the city) was in the Romanian first division, the local arena was deemed insufficient and they had to play their matches in stadiums in other cities.

Less spectacular, but equally important, are the development of water and sewerage networks in Dambovita, Iasi and Brasov counties, which were started in the fourth quarter of 2023 as part of the ongoing efforts at national level to improve existing infrastructure and increase access to public works.

In terms of building construction, all the top projects started in the last quarter of 2023 were residential complexes, three of which were in Bucharest (Theodor Paradis residential area, Nusco City phase 2 and Cortina Elysium, totalling more than 1600 sqm) and two more in Sibiu County (Magnolia Residence phase 2 and Serimbar residential complex, adding about 1000 sqm).

Bucharest loses its lead in Activity Starts

2023 was an unusually even year in terms of the regional distribution of the Activity Starts indicator. Until now, Bucharest-Ilfov had the largest pie, accounting for about a quarter of the value of construction starts in each year. However, in 2023, Bucharest-Ilfov lost its lead as other regions saw a strong increase in construction starts. Bucharest's slowdown was seen overall, with fewer new projects in both civil engineering and building construction. Infrastructure starts were expected to peak in 2022, but the focus has switched to completions.

The North East region has risen from the third least active region in terms of activity starts to the top of the podium. Similarly, the West has risen from its last position for four consecutive years to the top half.

Northwest: Steady Progress

As mentioned above, the Northwest maintained its usual second place while other regions have seen large fluctuations in their share of national construction starts. However, as the EBI Construction Activity Report suggests, behind this stability lies an uneven evolution of the various construction types. The building construction submarket construction starts index (in dark orange on the chart) grew rapidly in the first and second quarters, then stagnated.

Much of that growth will be driven by the electrification of the Cluj-Napoca-Episkopija railway (166km), which itself accounts for almost a third of all construction work starting in the Northwest in 2023. The fastest passenger trains on this line average 60km/h, and delays occurred at the Hungarian border and in Cluj to switch locomotives from electric to diesel and vice versa. The new electrified line will remove this bottleneck, allowing passenger trains to reach speeds of up to 160km/h, and the dual line will also facilitate freight transport.

Other major construction works starting in 2023 in the Northwest include several sections of the much-delayed A3 motorway, as well as airport terminals in Cluj, Satu Mare, Bihor and Maramureş counties. The region has attracted several manufacturing investments, with the largest project in the construction submarket being the Nokian Tyres factory, which broke ground in Oradea in Q2 2023.

Healthcare and education facilities are becoming increasingly dilapidated and there is growing concern due to limited access to services. Therefore, the expansion of the emergency clinic in Oradea (5. 500 m2) and the emergency clinic in Bistrita (9. 750 m2) was also started in 2023. In the same year, the renovation of the new private school in Oradea (29 classrooms) and the large school building in Cluj County (10, 000 m2) also started.

Cluj-Napoca has become notorious for its tight housing market. Limited supply and high demand have caused prices to rise year after year, making it now the most expensive city in the country for home buyers. Supply is gradually expanding, with large projects such as Elite City (279 units) and The Nest (102 units) starting construction in 2023. Several unit projects, such as Liberty Residential (268 sqm) and Seasons by Stadium Green (150 sqm), are also due for completion in 2023.

The volume of completed construction in the Northwest (light orange) has been on the rise for the past few years, with building construction exceeding civil engineering works. This situation may change from 2024 onwards, as infrastructure projects started by 2023 are expected to be completed. However, road and rail projects in Romania have a long history of being plagued by delays, contract cancellations and legal issues.

During 2023, about 30 km of the A3 motorway was completed in two sections. However, one of them (Nusfalau – Sprakl de Barak) is quite isolated, so its use will be limited until it is connected to the rest of the network as early as 2025.

With activities starting and completing well, output (blue) in 2023 saw good developments in both building and civil engineering. Supporting the idea of stability in the Northwest, output has shown a steady growth in each quarter of the last few years, at least at current prices.

The big challenge for the Northwest region in the coming years is to find new avenues of growth, especially in the building sector, as well as to secure financing for infrastructure construction and manage ongoing works. To quote Lewis Carroll, "... here you have to sprint to stay in place, and run twice as fast to get anywhere."

Posted on February 29, 2024 February 29, 2024 by efalucskai

The Hungarian construction sector failed to improve in the fourth quarter of last year. Overall, 2023 recorded low figures, with the "Activity - Construction Starts" indicator in the EBI Construction Activity Report not reaching 2. 5 trillion Hungarian francs. That is, compared to 2021 and 2022, the total value of projects that entered the construction phase fell by 19% and 34%, respectively, while the number of construction starts in 2023 was almost the same as in 2019. However, the percentage decrease in list prices is even more striking: from 43% to 44% from 2021 to 2022. 2015 was the last year in which activity starts at constant prices were lower than last year, but even 2013-2014 was higher than last year.

Most construction works started in Eastern Hungary

Construction work declines in Q4 2023

Even at constant prices, quarterly activity starts have never fallen as much as they did in 10-12 2023. Thus, the low figures for the first nine months of the year did not improve, resulting in starts of less than HUF 1. 75 trillion for the full year. Construction starts in 2023 were down 44% year-on-year and 34% year-on-year in constant prices. Only 2015 had fewer activity starts than 2023.

The number of architectural wearing housing has decreased in apartments and no n-housing. For the latter, the fourth quarter is significantly behind the usual quarterly numbers. It was since 2016 that the current price of no n-housing buildings, which entered the construction stage in the quarterly, has fallen at the current price. Passing through the year, in 2021 and 2022, the activities and adhesion indicators of no n-housing buildings fell by 17 %, respectively, to 22. 5 %. If you filter a fluctuation of prices, the delay will be even greater. The level of activity starting in 2023 was 42 % and 33 % lower than the previous two years. The lower number was recorded only in 2015.

The largest building construction project started in the fourth quarter of 2023 was multiple logistics facilities and warehouses (Helloparks Páty Pt3 Logistics Hall, Miscoltz LG Maguna Manufacturing Plant, Ketikemate City ZF Chassie Module Hungarian Vehicle Assembly Plant, Debrezen ZF Chassie Module Hungary Manufacturing Plant and Warehouse). In addition, the first stage of the Hodmezwersarhei (HOndmezővásárhely) Army substrate / dormitory project, the renovation work of the Faculty of Science, Debrezen University, and the renovation work of Budapest's Veterinary Science University B1, B2, and C Building.

Civil Engineering stagnates at low levels

Although the number of civil engineering began did not decrease any further, the number of construction started in the fourth quarter of 2023 was very small as the third quarter. In this way, the number of civil engineering starts in 2023 decreased significantly to 2022 (the anniversary year), but the start of construction did not reach the level of 2021, slightly lower than 2020. It is. In 2023, it fell 17%compared to 2021 and fell by 50%compared to 2022. The decrease in the list price base was even larger, nearly 60 % compared to 2022, down 40 % by 2021. From 2013 to 2023, the starting time in 2015 was less than the starting time of activity in 2015. The number of architectural landing houses has decreased both apartments and no n-houses. For the latter, the fourth quarter is significantly behind the usual quarterly numbers. It was since 2016 that the current price of no n-housing buildings, which entered the construction stage in the quarterly, has fallen at the current price. Passing through the year, in 2021 and 2022, the activities and adhesion indicators of no n-housing buildings fell by 17 %, respectively, to 22. 5 %. If you filter a fluctuation of prices, the delay will be even greater. The level of activity starting in 2023 was 42 % and 33 % lower than the previous two years. The lower number was recorded only in 2015.

Civil Engineering stagnates at low levels

Although the number of civil engineering began did not decrease anymore, the number of construction started in the fourth quarter of 2023 was very small as in the third quarter. In this way, the number of civil engineering starts in 2023 decreased significantly to 2022 (the anniversary year), but the start of construction did not reach the level of 2021, slightly lower than 2020. It is. In 2023, it fell 17%compared to 2021 and fell by 50%compared to 2022. The decrease in the list price base was even larger, nearly 60 % compared to 2022, down 40 % by 2021. From 2013 to 2023, the starting time in 2015 was less than the starting time of activity in 2015. The number of architectural wearing housing has decreased in apartments and no n-housing. For the latter, the fourth quarter is significantly behind the usual quarterly numbers. It was since 2016 that the current price of no n-housing buildings, which entered the construction stage in the quarterly, has fallen at the current price. Passing through the year, in 2021 and 2022, the activities and adhesion indicators of no n-housing buildings fell by 17 %, respectively, to 22. 5 %. If you filter a fluctuation of prices, the delay will be even greater. The level of activity starting in 2023 was 42 % and 33 % lower than the previous two years. The lower number was recorded only in 2015.

Civil Engineering stagnates at low levels

Very few road and railway construction works were started in the fourth quarter of 2023, but other civil engineering works increased significantly. In 2023, road construction works were started at a higher value than in 2020-2022, while railway construction works dropped significantly last year. Thus, over the past year, the number of road and railway construction starts was about 19% lower than in 2021 and almost 60% lower than in 2022 (the outstanding year).

The largest civil engineering projects in the fourth quarter of 2023 were related to water supply and sewerage in Tolna and Bác-Kiskun counties, Adní and Ercs, Tamasy and surrounding areas, Várpalota and surrounding areas, Cemú, Csbaháza, Nagykšlós, Tiszafüred, Játsen-Tendras, Tapióšlós and Kęgyel counties.

Most of the project starts are still in Eastern Hungary.

In the last four quarters, the largest number of construction projects were started in Eastern Hungary, with the region's share of activity starts being 42%. Budapest accounted for 26% of projects that entered the construction stage. After Budapest, the Northern Great Plain was second with 25%, followed by Central Transdanubia and Pest County with 10% each. In the last four quarters, 21. 5% of construction starts were started in Western Hungary and 36% in Central Hungary.

Sluggish interest in apartment building construction

After promising figures in the second and third quarters of last year, the number of apartment building starts has fallen again. For the whole of 2023, construction starts did not reach HUF 300 billion (-28% compared to 2022 an d-30% compared to 2021). Looking at the period 2017-2022, it only exceeded the level of 2020, but in constant prices, the value in 2023 was lower than in 2020 (the year the pandemic hit and VAT on new housing retreated from 5% to 27%). The only year in which the value of multi-family housing starts fell was 2015. According to the latest EBI construction activity report, there is a 38% decrease in constant prices compared to 2022 and a decrease of more than 50% compared to 2021.

This year, there was a major change in national subsidies for housing purchase. Since January 1, only those who plan to have children in urban areas can receive CSOK+. If you don't have more children, you can only receive CSOK in the beneficiary village. The s o-called baby loan is still available when a couple has children, but has more strict rules. The new CSOK+does not include direct support that cannot be refunded at the time of purchase, can apply for a larger discount loan, and the support of refund is unpayed debt when a second or third child is born. It can only be received if some are exempted. In the new system, there is no distinction between purchasing used and new houses, so the benefits of newly built houses are gone. Furthermore, in the case of CSOK+, VAT refunds could not be received when purchasing a new house.

One of the positive points is that a newly built house in a high price range can be a great help because the amount you can charge has been raised. In addition, this year, the market loan interest rate has declined significantly from the beginning of last year, and this trend is expected to continue, so demand in the newly built market may recover.

In 2023, the activity of apartments-comprehensive indicators exceeded 350 billion HUF, increased by nearly 28 % compared to 2022, exceeding the 2021 level. High numbers are expected this year as well.

Although the number of construction started in Budapest is still the largest, the share of Budapest in 2023 has dropped slightly than 2022. The number of construction started in central Hungary was about 60 %, the eastern part was over 15 %, and the western part was over 24 %.

Q2 2023 sees better Construction Activity-Start in Hungary than Q1

West Tran s-Danbia This year, there was a major change in national subsidies for housing purchase. Since January 1, only those who plan to have children in urban areas can receive CSOK+. If you don't have more children, you can only receive CSOK in the beneficiary village. The s o-called baby loan is still available when a couple has children, but has more strict rules. The new CSOK+does not include direct support that cannot be refunded at the time of purchase, can apply for a larger discount loan, and the support of refund is unpayed debt when a second or third child is born. It can only be received if some are exempted. In the new system, there is no distinction between purchasing used and new houses, so the benefits of newly built houses are gone. Furthermore, in the case of CSOK+, VAT refunds could not be received when purchasing a new house.

West Transanubia

About 6% of construction starts last year were concentrated in the Western Transdanubia region, which was the same as in 2022. Due to the decline in construction starts nationwide, construction starts were significantly lower than the previous year, with a decrease of 34%. In 2023, construction starts in the region were lower than the previous year (-34% compared to 2021 an d-44% compared to 2020). The previous peak in the region was in 2018, when several large projects were started: the M85 highway, the M8 highway, the section of the main road 76 between the M7 highway and Keszthely, and the section of the M15 highway between the M1 and Rajka.

Last year, construction starts in Western Transdanubia fell, down 34% compared to 2022 and 41% compared to 2021. Projects started in 2023 include warehouses and factories, such as the Nestle Purina pet food production plant and warehouse in Bükk and the Velux GP4 production hall in Vertözen Tomiklos.

Civil engineering works also remained at a low level in 2023 (down 32% compared to 2022 and only 8% compared to 2021). The only large civil engineering project in the region in 2023 was the third phase of the Zalaegerszeg vehicle test track. The last increase in civil engineering works was in 2018 with a large road project.

Poor Q1 2023 construction Activity-Start in Hungary

In recent years, construction starts in Western Transdanubia have been decreasing. On the other hand, the number of completed construction cases has been increasing, with 2023 being a record year for completed construction cases, for example. Projects completed last year include several Nestlé Purina plants, the Water Adventure Park in Gür, the Sirius Hotel in Köşteri and the A1, A2 and A3 buildings of the VGP Park Gür Beta.

Original article by Tünde Tancsics, ELTINGA - English: English: Eszter Falucskai, Buildecon

Posted on November 24, 2023 February 29, 2024 by efalucskai

Looking at the last four quarters, the Northern Great Plain region had the highest number of projects, with a share of 30% of the national construction starts (slightly down). In second place was Budapest, with 26% of construction starts, which increased its share. Pest County came in third with a share of 12%. Southern Transdanubia was the region with the smallest share of construction starts (only 4% of the national value in the last four quarters). Overall, the majority of activity starts in the whole of Hungary is still related to Eastern Hungary (45%), while Central Hungary has just under 38% and Western Hungary's share does not reach 17. 5%.

For Hungary as a whole, construction starts in the third quarter were slightly lower compared to the first two quarters. From July to September, the activity and construction starts indicator in the EBI Construction Activity Report accounted for just under 600 billion Hungarian francs. This also means that the first nine months of the year have been very modest. Construction starts fell short of HUF 200 billion, falling short of the number of construction starts in the first nine months of 2021 and 2022. The difference with 2021 was 11% and with 2022 was 35%. Construction starts from January to September 2023 were nearly 40% lower than those started from January to September 2021 and nearly 46% lower than those started from January to September 2022.

Building Construction

The number of construction starts was slightly higher in the third quarter than in the second quarter, but overall construction starts were roughly the same in the third quarter. The total value of construction work started in the first nine months of the year was HUF 140 billion, lower than the same period in 2021 and 2022 (a decrease of 11% compared to the former and almost 18% compared to the latter). The activity start indicator of the EBI Construction Activity Report for January-September 2023 was 40% and 31% lower compared to the respective periods in 2021 and 2022. This is the first time since 2015 that construction starts have fallen below this level.

In the case of apartments, the number of construction started in the third quarter was almost the same as in the second quarter, but was smaller than usual. In the case of no n-housing architecture, the number of starts in the third quarter was slightly increased compared to the second quarter, but the number of construction started in January to September was below 2022 and 2021. On a list price basis, it fell 8 % yea r-o n-year and 15. 6 % yea r-o n-year. However, the decrease at the list price was even larger (37 %, 29 %, respectively). After filtering the price change on the filter, it was in 2016 that the number was lower than the previous time.

The largest building construction project that started construction in the third quarter of this year includes Budapartar Coruso, Central Office Building, Zuglow City Center Office 5 and 6, the Ministry of Agriculture and the Remodeling of the Justice Palace. Includes the first to fourth term of building, the Faculty of Technology, Debrezen, and Building B, and the first phase of the MTA (Hungarian Science Academy) headquarters and library renovation. Some industries and warehouses have started construction: Helloparks logistics halls, Leier's production and storage holes, and Horváth Rudolf 1st of Ort Logistics Center The period is the industrial hall of Velux GP4.

civil engineering

After the first two quarters of the year was strong, the number of construction started in civil engineering work has reached the lowest in recent years in the third quarter. Overall, the amount of construction, which was started during the period from 2017 to 2022, except for 2020, was below the current price of the current price in the first nine months of each year. According to the list price basis, it was barely exceeded the start of construction from January to September 2015, but the next period was exceptional.

The slump in the third quarter was mainly due to the decline in road construction, and a slight growth was recorded in outrageous and railway construction. The construction of roads and railway from 2023 to September began significantly below the records of 2022. It exceeded the amount of landing on the same month in 2020 and 2021, but did not reach the start of construction of projects that started construction from January to September 2017 and 2019. On a list price basis, every year since 2015, the start of the first nine months of the year is higher than 2023.

There are few civil engineering projects selected for the largest construction project. The highest price was the renovation of the main railway routes between Beartoruge and the Salt-Salget, followed by some water and sewage-related projects.

Pest

The proportion of Pest prefectures, which accounted for the number of starts in the past four quarters, was third. This was the case, despite the fact that the number of construction reports of the EBI Construction Activity Report has decreased for the first nine months in 2023, despite the fact that the county has been started in recent years. The biggest no n-residential projects in the first nine months of this year include the construction of the CECZ e-commerce industry and logistics park and the construction of Helloparks logistics halls (Páty Pt2 and Alsónémedi An1).

This decrease is due to the shrinking building construction. The number of construction of Pest County in the yea r-o f-September 2023 decreased by about 40 % compared to the same period of the previous year, down by 17. 5 % from the Januar y-September 2021.

Q4 2022 sees a continued low value of construction starts in Hungary

Apartment housing

Applied housing construction work continued to fall below the usual year, and in the third quarter fell slightly after the strongest number in the second quarter. For this reason, the number of apartment housing starts from January to September of this year was below 2021 to 2022, and the number of units of the EBI construction activity report has returned to 2020. The construction amount from January to September 2023 fell approximately 29 % compared to 2022 and 26 % compared to 2021. The difference is larger (almost 50 % compared to two years ago, more than 40 % compared to last year). Since 2015, the number of starts of construction for nine months in 2023 in the year of the year was the smallest. There are few civil engineering projects selected for the largest construction project. The highest price was the renovation of the main railway routes between Beartoruge and the Salt-Salget, followed by some water and sewage-related projects.

Pest

Civil engineering in the prefecture is still very low. The biggest of such projects started in January-September 2023 was the renovation work of the BiatureBágy-Szárliget trunk railway and several water and sewage-related work.

Apartment housing

Applied housing construction work continued to fall below the usual year, and in the third quarter fell slightly after the strongest number in the second quarter. For this reason, the number of apartment housing starts from January to September of this year was below 2021 to 2022, and the number of units of the EBI construction activity report has returned to 2020. The construction amount from January to September 2023 fell approximately 29 % compared to 2022 and 26 % compared to 2021. The difference is larger (almost 50 % compared to two years ago, more than 40 % compared to last year). Since 2015, the number of starts of construction for nine months in 2023 in the year of the year was the smallest. There are few civil engineering projects selected for the largest construction project. The highest price was the renovation of the main railway routes between Beartoruge and the Salt-Salget, followed by some water and sewage-related projects.

Pest

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In the second quarter, the amount of architectural wear was further lower than the first quarter, and the number of starts has decreased for the third consecutive quarter. The start of construction barely exceeded 400 billion HUF, and in the second quarter fell 16 % from the first quarter. This delay is even greater than the 2nd quarter of 2021 and 2022. On a fixed price basis, it has been so low in architectural landing in the first quarter since 2015. The decrease at the current price was typical for no n-housing construction. In apartments, the number of starts was only improved, but the indicators were very low. In the no n-residential field, the total start of construction in the second quarter fell by nearly 20 % from the first quarter. On a list price basis, it was in the third quarter of 2016 that the number of starts was lower than this value.

The biggest project started in the second quarter of this year is the CSENGER correction facility, the Inpark metal processing factory of Debrecen, the Boysen Electric Battery Factory of NYíRegyháza, the Helloparks logistics hall, and the WEERTS logistics center. Oral It was a larg e-scale apartment housing project.

The EBI Construction Activity Report Hungary analyzes the construction industry every quarter, lists the amount of construction work that was newly started in each quarter and the amount of completed projects by aggregation and segment. This report is created by Buildecon, Eltinga (creating indicators and development of aggregated algorithms), and iBuild (project survey and project databas). EBI CONSTRUCTION Activity Report Q2 2023 is issued and can be purchased at EBI@iBuild. info.

Civil Engineering construction work has expanded significantly

The EBI Construction Activity Report's number of civil engineering workings in the second quarter of 2023 was more than 30 % from the same period of the previous year. Compared to the third quarter of 2022, the fourth quarter, and the first quarter of 2023, the growth is outstanding. It was the last quarter of the first quarter of 2022 that the start of this segment's activity exceeded this. In the 4th and 6th year of 2023, it approached 350 billion HUF, indicating a remarkable growth on a list price. Compared to the first quarter of 2023, the start of construction has increased nearly four times. However, compared to the usual year, the starting construction amount at a fixed price is not abnormal.

Posted: May 17, 2023 May 17, 2023 Posted by: Efalucskai

EBI Construction Industry Activity Report Hungary Press Release for the first quarter of the 2023

According to the latest EBI construction business report, in the first quarter of 2023, the Hungarian construction industry began to be very low in Hungary Franc, which was only set up for Hungary Franc. Such a lo w-level construction has been since 2016. Compared to the first quarter of the first quarter of 2022, the number of starts decreased by almost on e-quarter, but decreased by more than 40 % compared to the first quarter of 2021. Considering that this sector has recently experienced larg e-scale price fluctuations, the start of construction seems to be particularly modest and the decline is particularly large. According to the list price basis, the number of starts for three months decreased only in 2012, and in the first quarter of 2021, it has already dropped more than 60 % on a list price basis.

The EBI Construction Activity Report Hungary analyzes the construction industry every quarter, lists the amount of construction work that was newly started in each quarter and the amount of completed projects by aggregation and segment. This report is created by Buildecon, Eltinga (creating indicators and development of aggregated algorithms), and iBuild (project survey and project databas). EBI Constration Activity Report Q1 2023 was issued, EBI@iBuild. info.

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I can't escape the decrease in the number of architectural wearing workers

Architectural landing in the first and March 2023 did not reach 300 billion HUF. In recent years, it is the most gentle quarter, and has recorded the same amount of construction in the second quarter, third and fourth quarter of the previous year. Compared to the first quarter of 2021 and 2022, the number of starts decreased by 42 % to 48 %. Such a lo w-level construction number was last seen in the same segment from 2013 to 2014.

The number of constructions has decreased in both houses and no n-houses. In the former, the start of construction fell below 40 billion HUF, but in the latter, the construction amount was about 260 billion HUF. At a constant price, these numbers are equivalent to the quantity of 2014-2015.

The largest architectural project started in the first quarter of 2023 includes the logistics centers such as the Robert Bosh-Bosh Power Tool Dogistics Center in Miscolch, the BMW Logistics Center in Deblasen, the WABERS Center in Excel, and the Bikusuke BiSke and the Blister-LABOR-TELEMECINA Center. Included. Dunider's Schneider Electric's Donna Smart Power System Smart Factory, Ketikemeto's Mercede s-Benz Body parts Production factory 2nd term and assembly factory, Nesles Purinapet Food Production Factory in Buku, Var Palota, Rhine Metail in Var Palota The construction of several factories and warehouses, including ammunition factories, has begun. Two large hotel construction projects have also begun: Sofitel Budapest Chain Bridge Hotel and Movenpick Palace Hotel Budapest.

Civil engineering has hardly started.

The number of civil engineering workers has decreased in the second quarter, the third quarter, and the fourth quarter. The civil engineering project has not reached 80 billion HUF (low level since 2016), and since 2012, it has not been so low in any quarter.

In road and railway construction, project starts amounted to only about HUF 20 billion, while in non-road and non-rail construction, activity starts amounted to about HUF 60 billion, almost at the level of Q3-Q4 2021 and Q1 2022.

In Q1 2023, there were almost no large civil engineering projects. The main projects were the re-reclamation of the Orošlái tailings site, the Budapest Freeport project, and the development of the Hungaroring utility network.

Looking at the last four quarters, the Northern Great Plain region had the highest value of construction project starts, with a share of about 23%. Budapest had the second highest value of starts, and Pest County came in third. This means that about 37% of all construction starts in Hungary took place in Central Hungary. About 40% of construction starts were in Eastern Hungary, just over 20% in Western Hungary and 5% in Southern Transdanubia.

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There were almost no construction starts for multifamily housing.

The first three months of the year saw very low construction starts for multifamily housing projects. The last time Activity Starts was lower than this was in the third quarter of 2020. Before that, the only other quarter was in 2015. In list price terms, the drop was even more dramatic, with the first quarter of 2023 being comparable to the volume in 2014. In the last quarter of last year, several developers decided to start new phases of their projects. Therefore, the next three months were not expected to be a period of large construction starts. However, the two quarters combined produced a weak figure.

Category: EBI Construction Activity Report Tags: Buildecon, ELTINGA, iBuild Permalink to this post
Posted on: February 16, 2023 March 8, 2023 Author: efalucskai
Press release on the EBI Construction Activity Report Hungary Q4 2022
After a weak third quarter of 2022, construction starts in Hungary expanded slightly nominally in the fourth quarter, according to the latest EBI Construction Activity Report. Nevertheless, the value of construction starts remains very low, with the total value of construction starts from October to December 2022 amounting to around Hungarian francs 650 billion.
This time, analysts in the EBI Construction Activity Report investigated the trends of activity starts (constant price) in the fourth quarter of 2022 to increase comparative possibilities. According to this, the amount of construction work in the fourth quarter fell slightly than the third quarter (negative record in recent years). However, the number of construction starts in the first and second quarters of 2022 increased, and projects exceeding 360 billion HUF began, resulting in high numbers. Although it was a new record at the current price, the permanent price was less than the highest price in 2017 and 2018, but the level of 2019 and 2021. The annual change rate compared to 2021 was about+21 % at the current price, but it means 0. 6 % decrease at a certain price.

The EBI Construction Activity Report Hungary analyzes the construction industry every quarter and summarizes the amount of new landing work and completion work in each quarter by segment. This report is created by Buildecon, Eltinga (creating indicators and development of aggregated algorithms), and iBuild (project survey and project databas). EBI Constration Activity Report Q4 2022 is ebi@ibuild. info.

Expansion of construction construction costumes
Most of the small increase in the number of construction costs at the current price was due to the expansion of architectural construction, and the construction amount in the fourth quarter of 2022 was 500 billion HUF. As a whole, the number was high in 2022. A project of over 200 billion HUF has been moved to implementation.
In the fourth quarter, the amount of architectural wear was improved compared to the third quarter and at a constant price. However, the construction amount has fallen below the quarterly of the past few years, except in 2020. On a list price basis, the operation and wearing indicators declined in 2022 (-16. 8 %), almost in 2019. Good in the last three months was typical for apartments and no n-housing buildings, both at the present price and the constant price.
In 2022, no n-housing construction work exceeded 180 billion HUF, which was the highest. The activity began at a fixed price of the EBI construction report was the third largest after 2018 and 2021. Analysts in the EBI Construction Activity Report have also investigated the activity start (permanent price) in the fourth quarter of 2022 to increase comparative possibilities. According to this, the amount of construction work in the fourth quarter fell slightly than the third quarter (negative record in recent years). However, the number of construction starts in the first and second quarters of 2022 increased, and projects exceeding 360 billion HUF began, resulting in high numbers. Although it was a new record at the current price, the permanent price was less than the highest price in 2017 and 2018, but the level of 2019 and 2021. The annual change rate compared to 2021 was about+21 % at the current price, but it means 0. 6 % decrease at a certain price.
The EBI Construction Activity Report Hungary analyzes the construction industry every quarter and summarizes the amount of new landing work and completion work in each quarter by segment. This report is created by Buildecon, Eltinga (creating indicators and development of aggregated algorithms), and iBuild (project survey and project databas). EBI Constration Activity Report Q4 2022 is ebi@ibuild. info.

Expansion of construction construction costumes

Most of the small increase in the number of construction costs at the current price was due to the expansion of architectural construction, and the construction amount in the fourth quarter of 2022 was 500 billion HUF. As a whole, the number was high in 2022. A project of over 200 billion HUF has been moved to implementation.

In the fourth quarter, the amount of architectural wear was improved compared to the third quarter and at a constant price. However, the construction amount has fallen below the quarterly of the past few years, except in 2020. On a list price basis, the operation and wearing indicators declined in 2022 (-16. 8 %), almost in 2019. Good in the last three months was typical for apartments and no n-housing buildings, both at the present price and the constant price.

In 2022, no n-housing construction work exceeded 180 billion HUF, which was the highest. The activity began at a fixed price of the EBI construction report was the third largest after 2018 and 2021. This time, analysts in the EBI Construction Activity Report investigated the trends of activity starts (constant price) in the fourth quarter of 2022 to increase comparative possibilities. According to this, the amount of construction work in the fourth quarter fell slightly than the third quarter (negative record in recent years). However, the number of construction starts in the first and second quarters of 2022 increased, and projects exceeding 360 billion HUF began, resulting in high numbers. Although it was a new record at the current price, the permanent price was less than the highest price in 2017 and 2018, but the level of 2019 and 2021. The annual change rate compared to 2021 was about+21 % at the current price, but it means 0. 6 % decrease at a certain price.

Expansion of construction construction costumes

Most of the small increase in the number of construction costs at the current price was due to the expansion of architectural construction, and the construction amount in the fourth quarter of 2022 was 500 billion HUF. As a whole, the number was high in 2022. A project of over 200 billion HUF has been moved to implementation.	In the fourth quarter, the amount of architectural wear was improved compared to the third quarter and at a constant price. However, the construction amount has fallen below the quarterly of the past few years, except in 2020. On a list price basis, the operation and wearing indicators declined in 2022 (-16. 8 %), almost in 2019. Good in the last three months was typical for apartments and no n-housing buildings, both at the present price and the permanent price.		In 2022, no n-housing construction work exceeded 180 billion HUF, which was the highest. The activity began at a fixed price of the EBI construction report was the third highest after 2018 and 2021.		The building construction project, which started in the fourth quarter of 2022, includes Deblasen CATL battery factories, BMW factories, and Ecopro BM Electric Corridge Model Production Plant. In addition, the CTP warehouse of Budapest's Shigetenti Mecross, the Veterinary School, the Siemens Energy M2B gas, steam turbine parts manufacturing plant, and the logistics hall of Hello Park in Fort have also started construction.	Construction market prediction is our job. EECFA deals with the predictions of eight Eastern European countries, and Buildecon is a Hungarian member of Euroconstruct, which handles the predictions of 19 Western and Central Europe. This blog introduces the eight members of EECFA and the comments of us Buildecon.	EBI Romani a-Construction work starte d-August 24, 2024
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Euro Constructed Country (12)	2024-09-09 14:39 Final update at: 14: 55	business	Bangalor (India) September 9, 2024 PR NEWSWIRE = Kyodo News JBN] Table space is a ti e-up with Cusheman & Wake Field, focusing on the transformed in the Flexible Workspace field in India for the past 10 years. The report, "From Flex to Managid-The Evolution of the Flex Space Industry" has been announced. In the background of this growth, the use of managed office solutions (MOS), which provides optimization of capital investment, flexible lease conditions, added value services, quick operation preparation, and complete transparency. I mention that.	As of the first half of 2024, the area of flexible works space in the top eight cities in India has reached 58 million square feet, accounting for more than 7 to 8 % of the total Grade A office supply in Japan. This report also introduces flex space inventory in the top eight cities. Bangaloll is 31 % of the total stock, Delhi NCR (16 %), Pune (14 %), Heidela Bard (14 %), and Mumbai (11 %).	According to the report, both businesses and residents have shifted to MOS models. This model is particularly attractive to global companies, and India is becoming an important hot spot for GCC and offers an ideal local real estate solution.
The seat absorption rate in rental offices for the past 18 months (2023 and first half of 2024) is the top IT sector at 40-50 %, then engineering & manufacturing (14-18 %), BFSI (9-12 %), It is a professional service (11-12 %). During the same period, the number of active flex spaces has increased to 300, and the top 5 % has a 50 % or more grade A stock, mainly focusing on MOS.	With the rise of GCC in India, the table space has recently appointed two global strategic leaders: Robert Newman has become a par t-time chairman, and John Hogan has become the highest in the United States. Through the provision of comprehensive services, these HR emphasizing the company's commitment to promote GCC support and strengthen global customers.	EBI Construction Business Report (25)	The content of the press release is due to PR Newswire. Bastille Post is not involved in its creation.	Evolution of Flex Space in India: Managed solution promotes industry growth and expansion	2024-09-16 15:00 Update: 15: 15
リヤド（サウジアラビア）2024 年 9 月 16 日 PR Newswire＝共同通信 JBN】AFC チャンピオンズリーグ・エリート TM が正式に開幕する中、AFC クラブ大会のオフィシャル・グローバル・サポーターである TECNO は、サウジアラビアで#GoalTogether ブランド・ I am glad to announce the campaign. The campaign is to encourage Saudi consumers to not stop working towards their dreams and goals, and to celebrate exciting events together.	The campaign kicked off with an exhilarating brand manifesto, "Goal Together," which artistically weaves the intensity of AFC Champions League Elite™ matches with the vibrant rhythm of Saudi Arabia's daily passion. The brand film creates a resonant story that draws a powerful juxtaposition between the competitive spirit of sport, the personal quest of Saudi consumers, and the beautiful ambitions of every young person in Saudi Arabia for the future. As well as blending the two realms of the stadium and everyday life, it also conveys the spirit of the Saudi people and nation: it is our ambition that drives us towards success on the field, as a nation, and as innovators. The film captures the diverse people of Saudi Arabia, from innovators pushing the boundaries of progress, to young gamers passionate about their craft, to women breaking down barriers in life.	In recent years, the Saudi economy has been transformed through diversification of income under Vision 2030, resulting in improved economic strength and international standing. This achievement stems from the relentless drive and progressive spirit of the Saudi people, who have consistently strived to progress in various fields, be it sports, education, professional fields or the global stage. In conjunction with this movement, consumer confidence and national pride are also rising significantly. Whether it is the power of women or the enthusiasm of the youth, everyone can feel this upward trend and strength.	“We deeply understand the relentless and ambitious spirit of Saudi Arabian consumers for progress,” said Rory Bai, Chief Marketing Officer of TECNO.	This #GOALTOGETHER brand campaign is a natural flow of the brand philosophy of TECNO's "Stop at Nothing", and expresses the beliefs of all TECNO users in the emerging market that will not stop trying to pursue outstanding. There is. Leading with this brand philosophy, Tecno has developed various activities in emerging markets such as India, the Philippines, and Turkey aimed at inspiring young consumers to enjoy various aspects of life. By consistently implementing such motivation campaigns, TECNO is a pioneer in the hig h-tech industry, and as an even more important thing, it is a signpost that stimulates and supports young consumers around the world. Is emphasized.	About Tecno
TECNO is a global innovative technology brand that develops businesses in more than 70 markets, has been constantly promoting the perfect fusion of modern and beautiful design and the latest technology, working hard to innovate digital experiences in emerging markets in the world. There is. TECNO offers a wide range of smartphones, smartwearable, laptops, tablets, HIOS operating systems, and smart home products. TECNO is led by the brand essence of "Stop at Nothing", provides the best and latest technology for positive individuals, and inspire not to stop pursuing the best and the best future. i promise. For details, see TECNO's official website www. tecno-mobile. com.	The content of the press release is due to PR Newswire. Bastille Post is not involved in its creation.	9.1	Tecno has launched a #Goaltogether campaign to praise and ambition of young Saudi youth	8.4	8.4
This is a summary of the financial statement report of January to June 2020. The full text of the Financial Restriction Report (with a table) 2020 is attached to this release and is www. kemira. com/Investors.	The second quarter: The strong profitability and demand are affected by the COVID-19 related economic deceleration.	Sales decreased by 12 % to 582. 9 million euros (663. 6 million euros) due to a decrease in sales. Local currenc y-based revenue, excluding acquisition and sale, has decreased by 12%.	The business EBITDA was stable at 157 million euros (16. 1 million euros) with good variable costs and good fixed cost management. The business EBITDA margin rose to 18. 1%(16. 0%). EBITDA increased by 2%to € 13. 8 million (€ 12. 11 million).	Operating EBIT was down 4% year-on-year to EUR 57. 6 (60. 3) million. EBIT was down 1% to EUR 55. 7 (56. 3) million. The difference between operating profit and the reported figure is explained by items affecting comparability.	Cash flow from operations remained strong at EUR 60. 8 (57. 2) million.
EPS (diluted) was EUR 0. 22 (0. 22).	June 2019 Good performance despite economic slowdown	8.5	Sales decreased 7% to EUR 1, 224. 9 (1, 311. 4) million due to lower volumes. Revenues in local currency excluding acquisitions and divestitures decreased 7%.	7.9	7.3
Operating EBITDA increased by 6% to EUR 214. 2 million (210. 8 million) due to the favorable development of variable costs. Operating EBITDA margin increased to 17. 5% (15. 4%). EBITDA increased by 9% to EUR 212. 2 million (194. 6 million).	Operating EBIT increased by 7% to EUR 118. 4 million (110. 4 million). EBIT increased by 13% to EUR 116. 4 million (103. 3 million). The difference between operating profit and the reported figure is explained by items affecting comparability.	Cash flow from operating activities was good at EUR 111. 0 million (122. 4 million).	Diluted EPS increased 16% to €0. 47 (0. 40), mainly due to higher EBITDA. Jari Rosendal, President and CEO of Kemira: "The second quarter of 2020 was affected by the evolution of the COVID-19 pandemic and the associated economic slowdown. Despite the unprecedented situation, there were no major disruptions to Kemira's operations. All our production facilities and supply chains continued to operate with strict safety precautions in place. The economic slowdown related to COVID-19 affected our sales volumes. The greatest negative impact was seen in the Oil & Gas business, especially in the Shale Gas business, where revenues fell by 65%. As a result, Group sales fell by 12% to EUR 582. 9 million (Q2 2019: EUR 663. 6 million). Profitability, however, remained solid. Operating EBITDA remained stable at EUR 105. 7 million (106. 1 million) due to lower variable costs and good management of fixed costs. The operating EBITDA margin increased from 16. 0% to 18. 3%. It improved to 18. 1%.	In Pulp & Paper, the operating EBITDA margin improved to 18. 4% (14. 4% in the second quarter). Customer demand remained fairly resilient in the second quarter, except for printing and writing demand, which was affected by the economic slowdown. The start-up of the AKD wax mill in China went well and continued to contribute positively to operating EBITDA in the quarter. In May, we announced the extension of a long-term contract with UPM-Kymmene in Uruguay. This contract expands bleaching agent capacity at our Fray Bentos mill to supply UPM-Kymmene's existing pulp mills and a new pulp mill in Uruguay. We are very pleased with this expansion, which supports the long-term growth of bleaching, one of our strategic focus areas.	In Industrial & Water, the operating EBITDA margin was at a good level of 17. 7% (18. 1%) in the second quarter of 2020. Municipal water treatment saw relatively stable demand. In industrial water treatment, volumes declined due to the economic slowdown. Shale demand was very weak during the quarter due to a significant contraction in the shale market. The expansion of the polymer facility in the Netherlands continued to contribute positively to EBITDA during the quarter.
Looking ahead, the company provided an outlook for the second half of 2020. It sees continued uncertainty related to the evolution of the COVID-19 pandemic and its outlook for the second half of 2020 assumes that its business will operate without significant disruptions. Total demand in Kemira's end markets in the second half of 2020 is expected to be broadly similar to the second quarter of 2020 in both segments. In the pulp and paper segment, printing and writing demand is expected to remain weak. In the industrial and water segment, it does not expect shale demand to recover in 2020. As a result, operating EBITDA for the second half of 2020 is expected to be lower than in the first half of 2020 (EUR 214 million).	Finally, I would like to thank our employees, suppliers, customers and other stakeholders for their commitment, trust and excellent cooperation in these uncertain times. Our employees have shown that they can operate even in very exceptional circumstances to ensure business continuity for our Group and our customers. I am very proud of this performance and the entire Kemira team. ”	Key figures and percentages	EUR million	April-June 2020	April-June 2019
Jan-June 2020	Jan-June 2019	Jan-Dec 2019	Jan-June 2019	Jan-Dec 2019	663. 6
1, 224. 9	1, 311. 4	2, 658. 8	1, 311. 4	2, 658. 8	106. 1
214. 2	201. 8	9.5	201. 8	9.5	9.7
Sales EBITDA	18. 1	16. 0	17. 5	15. 4	15. 4
EBITDA	103. 8	102. 1	212. 2	194. 6	382. 3
EBITDA,%display	103. 8	15. 4	17. 3	14. 8	14. 4
Sales eBit	57. 6	60. 3	118. 4	110. 4	224. 0
Sales eBit	9. 9	41	9. 9	41	43
Operating profit	55. 7	56. 3	55. 7	56. 3	194. 4
EBIT,%display	9. 6	79	9. 6	79	66

net income

35. 5

35. 2

75. 1

64. 6

116. 5

Reduced per share after thinning, EUR

0. 22

0. 47

0. 40

0. 72

Capital used* 1, 993. 5

1, 993. 5

1, 901. 0

1, 993. 5

1, 901. 0

1, 998. 2

Sales ROCE

11. 6

10. 8

11. 6

10. 811. 2

ROCE

10. 4

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