Hungary opens up public contracts to the West: last week, the Hungarian parliament agreed to allow all comers to bid for public contracts

Article Abstract:

The Hungarian parliament has agreed to allow other EU members to tender for public contracts. Chief executive of Brass of Frankfurt, a materials group, believes that market research in emerging markets is useless. Factors such as population, climate and spending power should be relied on, together with experience. Pal Simak, assistant deputy state secretary at the ministry of trade handling investment, wants to form a European style investment environment and is seeking industry growth of 5-8% in 1995.

All Other Heavy Construction, Public Construction NEC, Public works, Hungary, Public contracts, Government contracts

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Brazil tough nut

Article Abstract:

British construction firms believe that Brazil is a hard nut to crack due to local ambivalence about foreign investment. However its economy is the ninth-largest in the world with a GDP of $580 billion in 1994. The construction sector is expected to grow by 60% between 1996 and 2000, and even competent Brazilian contractors will find it difficult to cope.

Brazil, Building

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