Hundreds of billions of forints were lost in black market deals in the Hungarian construction sector, according to origo.hu. News reports claims that many construction sector employees are not reported, and there is often no billing because of the high VAT rate. Another reported problem is that many items are never taxed, including sand, gravel, cement and even concrete shipments. “Illegal work has been an old problem of the sector,” said Gyozo Vidor, president of the Hungarian Building and Construction Products Association.
