The construction industry faces a “more difficult” year in 2022
MTI – Econews
Sunday, February 27, 2022, 1:40 PM
Hungarian construction companies have completed a “fantastic year” in 2021 but face a “more difficult” one in 2022, the head of industry association ÉVOSZ told a meeting of professionals earlier in the week. according to a report by state news wire MTI.
Speaking at the National Convention of Construction Industry Professionals, László Koji noted that construction industry output increased by 13% to HUF 5.4 trillion last year and had exceeded 2019 levels by 1 HUF tln.
The sector’s workforce has reached 375,000, some 25,000 more than before the pandemic, he added.
This year, he said, construction companies face falling orders from central and local governments and higher inflation, the effects of which are exacerbated by the Russia-Ukraine crisis.
He expressed concern and sympathy for the situation in Ukraine and said it is an “important responsibility” of the construction industry to provide jobs for people arriving from Ukraine who want to work.
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