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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
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
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 »

More Than 50,000 Applications Submitted For Home Purchase Subsidies In Hungary


More Than 50,000 Applications Submitted For Home Purchase Subsidies In Hungary
More than 50,000 applications have been submitted for funding under the government’s expanded Home Purchase Subsidy Scheme for Families (CSOK), an official of the Prime Minister’s Cabinet Office said on Friday. The application amounted to 136 billion forints (EUR 446.2m) in total, state secretary Csaba Dömötör said. more »

Millenáris Park In Buda Expands Costing HUF 17 Billlion


Millenáris Park In Buda Expands Costing HUF 17 Billlion
Minister for National Development Miklós Seszták has announced that the government will expand the Millenáris Park in Budapest’s 2nd district by 2.5 acres, a project worth HUF 17 billion (USD 65 million), reports Index.hu. more »



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