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 "Socialist chairman Attila Mesterházy called on Prime Minister Viktor Orbán to cut short his summer holiday and convene a cabinet meeting to discuss the unfolding economic crisis. Mesterházy urged Orbán to sign a new agreement with the Banking Association and hold further talks with representatives of debtors and local councils. more » "Home prices could fall further and reports that prices have bottomed out are incorrect, estate agent Duna House says in its latest analysis of the Hungarian property market. In the current market environment, prices could drop further, although stagnation has been the trend of the last 1-1.5 years, it writes. more » "The decline of demand in the construction industry may come to an end this year, but economic activity in the sector remains feeble, according to economist Denes Varga of DEM consultants. Fluctuations of output and demand over five-year periods since 1995 have generated huge losses for the sector by creating excess capacity, Varga added. more » "This historical building complex is amongst Hungary's most valuable late Renaissance architectural heritage. Built by Péter Perényi between 1534 and 1537, the castle's golden age was during the time of the Rákóczi family in the 1600's. more »|
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