The number of tourists coming to Hungary has been growing in the past decades, due to affordable accommodation possibilities, low-cost flights, and the many tourist attractions. Budapest remains the leading destination.
The number of tourists coming to Hungary has been growing in the past decades, due to affordable accommodation possibilities, low-cost flights, and the many tourist attractions. Budapest remains the leading destination.
The Hungarian government suggests that the Budapest City Council and the Hungarian Olympic Committee withdraw from the bid to host the 2024 Summer Games. Over quarter of a million signatures were collected to force a referendum on the issue.
The Budapest city council has invited tenders to operate "hop-on, hop-off" sightseeing buses in the city, the Hungarian news agency MTI reported. The concession is for 20 years and guarantees a monopoly on a market worth 1.5 billion annually.
Busy Széll Kálmán Square has been renovated in the framework of a HUF 5.3 billion project. Online and print media reports suggest many of the project elements were extremely overpriced - something denied by the Center for Budapest Transport.
In the future, Budapest will not participate in financing public transport for the commuter belt outside the city proper, Mayor István Tarlós said following an apparently unsuccessful marathon talk he had with Prime Minister Viktor Orbán.
The Hungarian Minister for National Economy Mihály Varga signed a financing agreement with Budapest’s public transport company BKV, under which 20 Hungarian-made electric midibuses and the necessary charger technology will be purchased.
The atmosphere generated at Hooters is critical to its success, says Alex Hemingway. He is proud of the fact that when it opened the place eraged just 10% female customers.
Thousands of Indians are coming to Budapest each year on corporate incentive tours, encouraged and welcomed by the Budapest Marriott, whose General Manager Rick Enders has even adapted his kitchen for the curry consuming guests. It’s helping to build a social bridge between the cultures.
More than just superficially trendy, Hungary is trending – that’s the phenomenon when a topic in online and social media or a stock on the sharemarket shows high levels of public interest and activity.
Growth prospects for the European economy are showing improvement in 2015, which creates greater business confidence in office tenants. This is already having an impact on the demand for offices, which increased by 4% year-on-year. The tightening supply of prime office space in Europe is causing prime rents to accelerate.
The Croatian bakery chain Mlinar is a relative newcomer in Hungary. Seven outlets have been opened in Budapest. The company planes to enlarge its market position, mainly in the capital via franchise agreements requirement, since it can offer to every franchisor a proven business model, know how, logistic and marketing support.
Just like last year, Budapest is ranked 17th in the world according to the International Congress and Convention Association (ICCA), which lists the number of international events complying with the organisation’s criteria. Hungary is 31st among the countries.
In the third quarter of 2014, the total Budapest office stock (including owner-occupied and speculative buildings) reached 3,219,380 square meters. The vacancy rate came in at 16.9% in Q3, down 0.7% quarter on quarter and 1.7% year on year.
Hungary bought a 12,000-square-meter plot suitable for the purposes of Budapest's new convention center from a subsidiary of TriGránit, investor Sándor Demján's real estate development company, news site Napi.hu reported.
The long-awaited new underground line Metro 4 was inaugurated in the Hungarian capital on March 28. It runs in a 7.3-kilometer tunnel from Keleti Railway Station on the Pest side – under the river Danube – to Kelenföld Railway Station in southwest Buda.
