Hungary Water Report 2015 - Business Monitor International - Industry Reports

Hungary Water Report 2015

Hungary Water Report 2015 - Business Monitor International - Industry Reports
Hungary Water Report 2015
Published Jun 13, 2015
48 pages — Published Jun 13, 2015
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Abstract:

BMI VIew: Hungary has considerable issues with regards to its water industry, as its drinking water supply and infrastructure struggle to meet EU standards. The country s water sector is beginning to see significant investment from its own government and the EU, as part of the New Hungary Development Plan, and there is a healthy project pipeline. ...The large-scale improvement projects designed to bring Hungary s wastewater and drinking water standards into line with EU requirements are still some years from completion. However, we remain optimistic about opportunities in the water sector open as it is to domestic and foreign investment from across infrastructure and water services segments, as rising water demand drives legislative improvements and investment in mains and sewage networks and wastewater treatment facilities. We have substantially upgraded our treated wastewater forecasts based on improved government investment into advanced treatment facilities, and we continue to view the mains and sewage networks as the key future development areas, with losses remaining high, and a significant portion of wastewater not being collected. ...However, we remain optimistic about opportunities in the water sector open as it is to domestic and foreign investment from across infrastructure and water services segments, as rising water demand drives legislative improvements and investment in mains and sewage networks and wastewater treatment facilities. We have substantially upgraded our treated wastewater forecasts based on improved government investment into advanced treatment facilities, and we continue to view the mains and sewage networks as the key future development areas, with losses remaining high, and a significant portion of wastewater not being collected.

...Recent constitutional amendments, criticised by international organisations and opposition parties as undemocratic could erode Hungary s judicial independence. Fidesz has been unwilling to tow the EU line with regards to Russia in the aftermath of the Ukrainian crisis, creating tensions with more hawkish neighbours in Central Europe and the Baltics. ...Recent constitutional amendments, criticised by international organisations and opposition parties as undemocratic could erode Hungary s judicial independence. Fidesz has been unwilling to tow the EU line with regards to Russia in the aftermath of the Ukrainian crisis, creating tensions with more hawkish neighbours in Central Europe and the Baltics. Fidesz is likely to become increasingly isolated from decision making at the EU level due to its strained relations with Brussels. The Jobbik party s increase in support in the ---- general election means it a considerable voice of opposition in the Hungarian parliament. This could lead to a shift to the right from the government as it attempts to quell dissenting nationalist voices.

...To this end, eurozone economic stagnation poses a key downside risk to our forecasts. ...To this end, eurozone economic stagnation poses a key downside risk to our forecasts. Despite progress in reducing external liabilities, private and public debt levels remain high and Hungary will remain vulnerable to global risk sentiment and external volatility. The government s planned phasing out of FX loans has hit the banking sector s profitability, constraining lending to Hungarian households and businesses in the quarters ahead. ...

  
Source:
Document ID
2052-7446
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Hungary Water Report 2015" Jun 13, 2015. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Hungary-Water-Report-2015-2026-1283>
  
APA:
Business Monitor International - Industry Reports. (2015). Hungary Water Report 2015 Jun 13, 2015. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Hungary-Water-Report-2015-2026-1283>
  
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