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.
In its WittyLeaks section, Diplomacy & Trade carries articles written by ambassadors accredited to Hungary on topics that are outside their official duties. For a recent issue, the Norwegian Ambassador wrote a piece on the changing Budapest.
After being shuttered up for more than five years, Budapest’s Erkel Theater officially reopened on November 7, the birthday of the great Hungarian composer, Ferenc Erkel, and appointed as the Day of Hungarian Opera from now on.
This November will see two automotive exhibitions in Budapest: the traditional ‘Autótechnika’ (of automobile service and maintenance) and the new ‘Automotive Hungary’ that covers manufacturing and the affiliated fields in Hungary.
Hungarian President János Áder opened the Budapest Water Summit conference this Tuesday in the Millenáris Park of the Hungarian capital. The four-day event was also greeted by United Nations Secretary General Ban Ki-moon.
As part of the 16th Jewish Summer Festival, the Embassy of the State of Israel brought a unique experience to one of the most beautiful and colorful places in Budapest, the Central Market Hall. The Israeli Shuk in Budapest lasts 3 days: August 29-31.
In its WittyLeaks series, a recent issue of Diplomacy & Trade has carried a piece by the Swedish ambassador to Hungary, Karin Olofsdotter who describes her walk from her residence to work as she observes everyday life in Budapest.
CERN, the European organization for nuclear research, inaugurated its data center in Budapest, marking the completion of the facility hosting the extension for CERN computing resources. CERN and this facility are connected with 100 Gbit/s circuits.
Hungary’s Olympic bronze medalist Éva Csernoviczki won the first gold medal at the European Judo Championship in Budapest. In the final, she defeated Charline van Snick of Belgium, the top ranked European judoka in the women’s U48-kg category.
Within the framework of the SymbioCity 2013 program, the Smart City conference took place in the ‘Green House’ in Budapest this week focusing on sustainable urban environment with the participation of Swedish and Hungarian experts.
Snow that began to fall Sunday night and continued Monday morning hinders traffic in the Hungarian capital. Roads both in Budapest and Western Hungary are snowy and skiddy, motorists are advised to stay home or use the means of community transport.
Budapest Airport is set to develop a new business park area on the southern edge of the airport. Although, the area has been out of use for long time, it was marked in the development plans as the site of a future business and commercial park.
