Several professional organizations protest against the mall stop

By: trademagazin Date: 2011. 10. 04. 14:00

The Real Estate Developers Roundtable Association (IFK), the Hungarian Association of Shopping Centres (HBA) and the Federation of Employers and Industrialists (MGYOSZ) protest  against the planned mall stop, because the think it would lead to the collapse of the construction industry.

The decline in the construction industry would increase, since the construction of commercial facilities gives a high percentage of construction. The revenues of the construction industry would fell into unprecedented depths. According to the July datas of the Central Statistical Office; the volume of the construction industry fell by 15.4 percent, compared to the previous year. This means that the decline in construction output continues, which has a great impact on domestic GDP as well – reports Világgazdaság Online.

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