Following a period of impressive growth, the Hungarian construction sector has stalled over the last two years Drarne Gobert of Luther, Fest & Kajli (part of the Pinsent Masons Luther Group) looks at what has happened and what the future holds.
A new study by the Commission has re-opened the debate on reduced VAT rates for residential renovation and other labour-intensive industries. Although in favour of such measures, FIEC believes the advantages of reduced VAT still need to be emphasised.
With legislation on engine emissions set to get more demanding in the coming years, CECE is calling for an extension to the flexibility provisions that help manufacturers make the transition from one stage to the next.
While growth in Western Europe's construction sector is forecast to slow down in the coming years, several Central and Eastern European countries look like posting double-digit growth. Richard High reports