MOL Gets Permit For Skyscraper

  • 15 Aug 2018 9:07 AM
  • Hungary Around the Clock
MOL Gets Permit For Skyscraper
The government has granted MOL an exemption from laws limiting the height of buildings in Budapest, PMO leader Gergely Gulyás confirmed at his Tuesday press conference.

MOL may build its 120-metre high new headquarters at Kopaszi gát in the 11th District, Gulyás added, symbolising that the company is a flagship of the economy.

OTP and Richter were also offered exemptions from the 90-metre maximum height restriction, but only MOL wanted to use this opportunity.

The state has substantial stakes in both MOL and Richter, website Napi notes.

Former PMO head János Lázár filed the bill on the skyscraper ban two years ago after MOL announced its plans.

Lázár had public disagreements with MOL deputy chairman and OTP chief Sándor Csányi several times, Napi adds.

Click here to learn more about MOL headquarters

Related links

Gov’t To Allow Skyscrapers In Budapest

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit and click on 'Free Trial Subscription’.

Explore More Reports

  • MOL Lays Cornerstone For New HQ In Budapest

    MOL Lays Cornerstone For New HQ In Budapest

    • 3 Oct 2018 7:16 AM

    Hungarian oil and gas company MOL laid the cornerstone of its new 120-metre headquarters in the south of Budapest. The 28-storey building will be Budapest’s tallest and is expected to be completed by 2021.

  • Budapest’s First Skyscraper Granted Permit

    Budapest’s First Skyscraper Granted Permit

    • 29 Jun 2018 9:06 AM

    International office developer GTC Hungary has received the building permit for its new project, The Twist – Budapest City Tower. Rising over 23 floors, The Twist will be one of Budapest’s tallest office skyscrapers with 37,000 square meters of leasable offices.

  • Bigger Buildings In Budapest Ahead

    Bigger Buildings In Budapest Ahead

    • 29 Jun 2018 8:28 AM

    Parliament’s legislative committee modified the bill on tall buildings on Thursday, raising the maximum permitted height of office or residential buildings from 65 metres to 90.