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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 fabulous hotel opens in the heart of Budapest – PHOTOS
Spainʼs Barceló Group has opened the 179-room, four-star Barceló Budapest on Király utca after two years of development. The Spanish hotel group has signed a 25-year tenancy deal with developer the Sunbelt Group, owned by Hungarian investors. Read more HERE.
Hungary is the 4th cheapest EU member
Since in 2018 prices became higher compared to 2017, Hungary ranked ‘only’ 4th among the cheapest EU member nations, whereas in 2017 it was third. Read more HERE.
Prominent labour shortage in the Hungarian in health-care sector
Over 5 percent of jobs are unfilled in Hungary’s health-care sector, business daily Világgazdaság said on Friday, citing data from the Central Statistical Office (KSH). Read more HERE.
OTP closes acquisition of Societe Generale Banka Montenegro
OTP Bank announced the financial closure of its acquisition of Societe Generale banka Montenegro, Montenegro’s third-biggest bank. OTP’s Montenegrin unit Crnogorska Komercijalna banka sealed a deal in February to acquire a 90.56 percent stake in the local unit of France’s Societe Generale Group. Crnogorska Komercijalna banka earlier said it agreed to pay 35.6 million euros for the lender.