• Indotek Acquires Hotel Gellért From Danubius

    Indotek Acquires Hotel Gellért From Danubius

    25 Jun 2019

    The largest hotel group in Hungary, Danubius Hotels Group, has sold the Hotel Gellért to property developer Indotek Group, which plans to restore the Budapest landmark to its former glory, the two parties have announced, as reported by business news site uzletem.hu. More >>

  • Hungarian Home Price Increase Above EU Average

    Hungarian Home Price Increase Above EU Average

    • 20 Jun 2019 9:43 AM

    House prices, including purchases of both new and existing houses and flats, grew by 9.7% in 2018 in Hungary, above the 4.4% average price increase in the European Union, Eurostat data shows.

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  • Solar Park To Be Built In SW Hungary

    Solar Park To Be Built In SW Hungary

    • 18 Jun 2019 7:50 AM

    China National Machinery Import and Export (CMC) laid the cornerstone of a 32 billion forint (EUR 100m), 100MW solar park in Kaposvár, in south-western Hungary.

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  • Oversupply On Hungary’s Real Estate Market

    Oversupply On Hungary’s Real Estate Market

    • 6 Jun 2019 6:35 AM

    Hungary’s real estate market has witnessed a flood of properties coming on to the market, presaging a slowdown in the solid price growth of the past few years, the daily Magyar Hírlap said, citing an ingatlan.com report.

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  • Hungary To Build Green-Powered Town From Scratch For Euro 1 Billion

    Hungary To Build Green-Powered Town From Scratch For Euro 1 Billion

    • 4 Jun 2019 7:21 AM

    Central Europe’s most up-to-date horticultural production, processing and logistics centre is being built on the outskirts of the towns of Hegyeshalom and Bezenye by German FAKT AG investing EUR 1 billion (HUF 313.7 billion) in the project, the Minister of Agriculture announced.

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