Construction firms heading to East

Construction industry is growing by 7-8% this year, but construction and real estate companies are increasingly searching for new possibilites in the Eastern European region and are trying to expand their already existing connections. The market there is relatively open for construction work and labour cost is 20-40 % lower than in Western Europe. According to the latest report of Euroconstruct, an

international organisation of construction companies, Hungarian firms can mainly aim at infrastructural building contracts, such as  the construction of shopping centres, office buildings and renovation. (VG