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HungaryTrends – The week in business and finance
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See below the main business and financial news from the previous week:
NEW RAILWAY LINE CONNECTING HUNGARY, SERBIA, ROMANIA TO BE BUILT OVER NEXT 10 YEARS
Hungary is set to build a new 500km railway line over the next decade connecting major cities in Hungary, Serbia and Romania, Fidesz MP János Lázár told the local daily Délmagyarország on Thursday. Read more HERE!
BUDAPEST REMAINS ONE OF THE CHEAPEST CITIES WORLDWIDE
The Economic Intelligence Unit (EIU) is the research and analysis division of The Economics Group, the sister company to The Economist Newspaper. Also, EIU is considered to be the world’s leader in global business intelligence which helps to understand how the world is changing every day. Read more HERE!
BALATON REAL ESTATE BOOM: OVER 3,000 EUROS/M2
Due to the high demand, real estate prices increased a lot in the Balaton region recently. New apartments on the shore go for 3,200 Euros per m2, which is shocking. However, it does not seem to reach the buyers’ psychological limit quite yet. Read more HERE!
FAKT UNVEILS PLANS FOR EUR 1BN FARMING CENTRE
Germany’s FAKT announced plans for a 1 billion euros farming centre on 330 hectares in western Hungary. The centre will produce vegetables such as paprika and asparagus as well as fish on a fish farm. The centre will create 5,000 jobs.