"Hungary Infrastructure Report Q2 2011" is now available at Fast Market Research

April 1, 2011 - PRLog -- After a terrible performance in 2010 Hungary's construction industry is in better shape in 2011. Year-onyear (y-o-y) growth for the sector is forecast at 14.1% taking the industry value to US$5.3bn. This positive growth trend will continue, albeit slowing, over the forecast period, averaging 4.95% y-o-y until 2015 when the industry value will reach US$6.9bn. Hungary is in a strong position compared to regional peers because growth is expected to be driven by private investment.

* The European Investment Bank (EIB) granted a EUR150mn (US$198.3mn) loan to Hungarian oil and gas company MOL to co-finance the construction of a 205km natural gas transmission pipeline between Varosfold and the Croatian-Hungarian border. The project includes construction of two compressor stations and a branch line to Pecs.
 * Swedish construction company Skanska is planning a seven storey, LEED Platinum-certified office building in the 13th district of central Budapest. The building, the first in the country to have the LEED environmental rating, will be built on an 18,500 square metre (sq m) site and will be known as Green House. Skanska is investing EUR32.5mn in the project.
 * Orient Green Power (OGPL) an associate company of India-based Shriram EPC Group, announced it was planning projects in Hungary as part of a US$300mn investment to build wind power farms overseas


The passing of a controversial media law by the ruling Fidesz party, enhancing the state's control over public and private media, will further centralise power going forward. The new legislation will certainly incite further international condemnation which could yet force the government to amend its stance in the near term. In the longer term our core view is for Hungary to continue to converge with Western Europe. While the country will face substantial challenges, we expect Hungary to remain one of the more politically and socially stable countries in the emerging Europe region.

While Hungary's above consensus growth of 1.6% y-o-y in Q310 signals that the economic recovery remains on track, our core views on the country's macroeconomic fundamentals over the medium term remain in play. A large stock of external debt, further fiscal austerity, windfall taxes on big business, and a slowdown in the German economy in 2011 will see Hungary's recovery fail to gather significant pace over the next couple of years. As such, while we have raised our growth forecast for 2010 to 1.1% from 0.8% previously, our 2011 and 2012 forecast remain unchanged at 2.3% and 2.6% respectively.

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Partial Table of Contents:

SWOT Analysis
- Hungary Infrastructure SWOT
- Hungary Infrastructure Project Finance SWOT
- Hungary Economic SWOT
- Hungary Political SWOT
Market Overview
Building Materials
- Global Materials
- Building Materials: Global Demand to Hit New Highs In 2011
- Europe Overview
- Continuing Underperformance As Building Materials Outlook Remains Uncertain
Industry Forecast Scenario
- Table: Hungary Construction And Infrastructure Industry Data
- Table: Hungary Construction And Infrastructure Industry Data
- Construction and Infrastructure Forecast Scenario
Transport Infrastructure
- Table: Hungary Transport Infrastructure Industry Data
- Table: Hungary Transport Infrastructure Industry Data
- Transport Infrastructure Forecast Scenario
- Transport Infrastructure Overview
- Major Projects Table - Transport
- Table: Hungary - Major Infrastructure Projects
Energy and Utilities Infrastructure
- Table: Hungary Energy and Utilities Infrastructure Industry Data
- Table: Hungary Energy and Utilities Infrastructure Industry Data
- Energy and Utilities Infrastructure Forecast Scenario
- Energy and Utilities Infrastructure Overview
- Major Projects Table - Energy and Utilities
- Table: Major Infrastructure Projects - Energy & Utilities
Residential/Non- Residential Construction and Social Infrastructure
- Table: Hungary Residential and Non-residential Building Industry Data
- Table: Hungary Residential and Non-residential Building Industry Data
- Residential/Non-Residential Construction Forecast Scenario
- Residential/Non-Residential Construction and Social Infrastructure Overview
- Residential/Non- Residential Construction and Social Infrastructure
- Table: Hungarian Construction Industry - Key Players
Business Environment
- Hungary Business Environment
- Rewards
- Risks
- Regional Overview
- Eastern Europe Infrastructure Business Environment Ratings
- Table: Regional Infrastructure Business Environment Ratings
Project Finance Ratings
- Hungary Project Finance Ratings
- Design And Construction
- Commissioning and Operating
- Overall Project Finance Rating
- Regional Overview
- Eastern Europe Infrastructure Project Finance Ratings
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
Macroeconomic Outlook
- Table: Hungary - Economic Activity, 2008-2015
Political Outlook
- Domestic Politics
- Long-Term Political Outlook
Company Monitor
- Strabag Hungary
- Vegyepszer
- KeSZ Building & Construction
Global Overview
Methodology
- Industry Forecasts
- Construction Industry
- Data Methodology
- New Infrastructure Data Sub-sectors
- Construction
- Capital Investment
- Construction Sector Employment
- Infrastructure Business Environment Rating
- Table: Infrastructure Business Environment Indicators
- Project Finance Ratings
- Table: Design And Construction Phase
- Table: Commissioning And Operating Phase - Commercial Construction
- Table: Commissioning And Operating Phase - Energy And Utilities
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=1287...

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.