Government sends home all foreign construction companies from Hungary

Government sends home all foreign construction companies from Hungary
Photo: FB/János Lázár

This was not the first time that Hungary’s construction and transport minister, János Lázár, talked about sending home all foreign companies active in the sector. Yesterday, he highlighted again that it would be better for them to just sell their subsidiaries and leave Hungary. War on the horizon between the Orbán government, the firms and their home countries, especially Germany and Austria?

According to Blikk, a Hungarian tabloid, János Lázár, Hungary’s construction and transport minister, cleared at a yesterday press conference that foreign companies had no place in Hungary. He added the government had to end that the Hungarian economy works with foreign building materials and a high import rate in the construction sector.

He said that the construction sector was strategic in Hungary. He added that between 2010 and 2022, the government invested in the sector more than HUF 28,000 billion (EUR 73.6 billion based on today’s exchange rate), but 50% of the money went abroad.

French, Austrian, German construction companies in trouble

The time is over that Hungary struggles from a French, German, and Austrian conquest in the construction sector, he highlighted. Furthermore, he said it was in vain for German, Austrian and French construction companies to lobby in Western Europe or Hungary. They should sell their subsidiaries to the Hungarian state or businessmen, and leave the country once and for all.

He said that 50% of the building materials come from imports. Foreign companies take 80% of the raw materials from abroad. Provided they do not import, most of the raw materials are produced by foreign companies in Hungary. That has to be changed.

He cleared that in Hungary, Hungarian entrepreneurs should use Hungarian building materials. That is how the country can become powerful.

Read also:

  • Beautiful art nouveau hotel of Hungary is finally being renovated – Read more HERE
  • One of Hungary’s largest universities to expand with a new campus in the city centre – Details in THIS article

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