GalCap Europe, the real estate asset and investment manager specializing in Austria and Central Europe, has acquired another asset in Budapest for a German pension fund’s portfolio: the Rumbach Center. Rumbach Center now expands the existing CEE portfolio within the investor's specialized fund structure, which is under the administration of 2IP Institutional Investment Partners. It […]
With the easing of the coronavirus epidemic, the front part of the buses and trolleybuses in the Hungarian capital will no longer be cordoned off from Monday, June 15, 2020, thus allowing passengers to keep a greater distance from each other by making full use of the passenger compartments of vehicles. A statement by the […]
While outside Budapest, a private garage is worth on average HUF two million, you have to pay several times for that in the capital where a car storage place can be worth up to six million. The price is greatly influenced by the possibility of public parking and the built-up ratio of the area, according […]
Outdoor sporting and cultural events, restaurants and hotels to reopen across Hungary this week. At today’s Operational Group press conference, Róbert Kiss, Lieutenant Colonel of the Hungarian Police Force, announced that a new phase of protection measures will enter into force in Budapest tomorrow. “This means, people can consume food and drink inside restaurants and […]
Enterprises in the Hungarian capital calculate with at least another four months of crisis period, according to a research prepared by the Budapest Chamber of Commerce and Industry. However, 60% of them have no more than three months of reserves. BKIK conducted this research among 3,440 businesses to examine the economic impact of the coronavirus […]
On April 17th, we commemorated the six-year anniversary of the death of the greatest Colombian writer who ever lived, Gabriel García Márquez. It was only a few months ago, on the banks of the Danube river here in Budapest, that we had the honor to name a city park after him. Before I start, let […]
As of midnight this Sunday, most of the restrictions introduced due to the coronavirus pandemic will be lifted in the Hungarian capital. The Minister in charge of the Prime Minister's Office, Gergely Gulyás stated that “although the movement restrictions will be lifted in Budapest on Monday, keeping a safe, 1.5 meters distance will remain obligatory.” […]
Based on the feedback from the Budapest companies, Elek Nagy, the President of the Budapest Chamber of Commerce and Industry, sent a letter asking the government to make the GINOP - 1.2.8-20 EU fund application currently under social negotiation available to Budapest companies within the framework of the Competitive Central Hungary Operational Program (VEKOP). The […]
The world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity, the Institute of Electrical and Electronics Engineers (IEEE) has named the Budapest Millennium Underground line as one of the technical milestones of the world. Built between 1894 to 1896, the Millennium Underground Railway was the first underground line on the […]
Where there was a parking lot, there will now be skaters. A new ice rink opened to the public in the parking lot of the Budapest Municipality the Thursday. The free ice rink is situated in the inner courtyard of the Mayor's Office, replacing the former parking lot. The solemn opening was held Thursday afternoon […]
A modern fast catamaran – with 160 paying customers on board – was in Budapest this past week-end for a sight-seeing trip connecting the Austrian and Hungarian capitals on the Danube. After a successful trial, at least three similar trips will be organized next year. The Twin City Liner has been traveling between Vienna and […]
Scoring its biggest victory in a decade, Hungarian opposition parties conquered the capital Budapest in municipal elections held on Sunday as their candidate, 44-year-old Gergely Karácsony ousted incumbent István Tarlós, backed by the ruling Fidesz party. In addition to snatching the mayoral post from Fidesz, opposition forces - which supported a joint candidate in a […]
With a total of 62,128 of the more than half a million of votes cast, the Hungarian capital has been chosen as the top travel destination in Europe as published on the website of Best European Destinations that organized the voting.
As of this Tuesday, an area in Budapest's 11th district is called Ljubljana Square. The inauguration ceremony was attended by the Mayor of Budapest, István Tarlós; Slovenian Ambassador Ksenija ©krilec and the Mayor of Ljubljana, Zoran Jankoviæ.
A multimedia fountain and Budapest's first 'light garden' were inaugurated on Margaret Isalnd on the river Danube this Friday. The municipal council voted earlier this month to enhance the light and water show elements of the musical fountain.
