According to the latest house price index data by the National Bank of Hungary (MNB), house prices grew by 8.3% in Budapest in the period between 2019 Q1 and 2020 Q1. House prices were unchanged in Budapest quarter on quarter. As a result, this was the second consecutive quarter when house prices did not rise […]
Shortly after the resumption of the Budapest-Seoul flight, LOT announced this Friday that from the end of August, it will connect Budapest with a new destination, the city of Wroclaw. The new flight is part of the Polish airline's building a base in Hungary, and in addition to offering a direct flight to a pleasant […]
The leadership of the Hungarian capital will launch a city diplomacy academy this fall, Mayor Gergely Karácsony has announced. The mayor says the academy will provide a supply of city diplomats by introducing university students and recent graduates to international and city diplomacy, the Hungarian news agency MTI reports. The head of the academy will […]
The Federation of Hungarian Jewish Communities (Mazsihisz) and the Budapest Jewish Community (BZSH) have closed down the synagogues in Budapest for two weeks and impose a ban on visiting Mazsihisz's Budapest hospital and BZSH nursing home. The Mazsihisz website writes that the leadership of Mazsihisz learned on Sunday that a relative of one of the […]
Due to the coronavirus epidemic, the 26th K&H Mozdulj! ('Move!') half marathon and running festival was held in an unusual format in the Hungarian capital this Saturday. Árpád Kocsis, managing director of the organizer Budapest Sports Office said there was a running race in the outskirts of the capital at the beginning of January, and […]
Budapest has been named as the most affordable city to run a business in the world, according a study by utilitybidder.co.uk. There are a lot of expenses to consider when people are starting up their own business, whether it’s paying staff, finding the perfect office space, or even just keeping the lights on. "But how […]
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 […]
