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Saturday 23 Sep 2017
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State-Owned Beauty Spot Sold For Bargain Price To Buyer In Orban’s Circle
Two plots of land in the Buda hills have recently been sold to a company called Páfrány 15 Invest Kft. The company is owned by Gellért Jászai, who is a business partner of Lőrinc Mészáros, friend of PM Viktor Orban. more »
Szeged Synagogue Inaugurated After Reconstruction
The synagogue in Szeged, south Hungary, was inaugurated on Sunday after a full external reconstruction funded mostly by a 950 million forint (EUR 3.1m) government grant. more »
Hungary’s Construction Sector Output Jumps 27 Pc In June
Output of Hungary’s construction sector rose by an annual 27.2 percent in June, data released by the Central Statistical Office (KSH) on Thursday show. KSH noted that the jump came from a low base. Output of the building segment was up 26.1 percent during the period. Output of the civil engineering segment rose by 29.6 percent. more »

Fidesz-Tied Entrepreneur Leases “Boutique Hotel” Property From District Council For Peanuts


Fidesz-Tied Entrepreneur Leases “Boutique Hotel” Property From District Council For Peanuts
Zoltán Roy Zsiday rents four council-owned apartments in a baroque building in the middle of Budapest’s Castle District for a total of HUF 126,126 (USD 489) a month. He then leases out the four apartments as boutique hotel suites for hundreds of dollars per day, reports hvg.hu. more »

NBH Sells Eiffel Palace For Euro 53.8 M


NBH Sells Eiffel Palace For Euro 53.8 M
The National Bank of Hungary (NBH) said it sold the landmark Eiffel Palace office building in the centre of Budapest for net 53.8 million euros to a fund managed by Corpus Sireo, base in Luxembourg. more »

Hungary’s Home Building Permits Up 40 Pc In The First Half Of 2017


Hungary’s Home Building Permits Up 40 Pc In The First Half Of 2017
Home building permits issued in Hungary in the first half of 2017 jumped 40 percent to 19,823 from the same period a year earlier, the Central Statistical Office (KSH) said on Friday. more »



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