construction

03/06/2016

Huge constructions in Budapest

Portfolio.hu reports that HB Reavis, a Slovakian property developer company works on two major developments in Budapest on a leasable area of 168,500 square metres. One […]
03/06/2016

The biggest IKEA of the country is going to open

Portfolio.hu and origo.hu report that the construction of the third Hungarian IKEA has already begun: the foundation stone was placed in Soroksár on Tuesday. This store […]
29/05/2016

South Buda to be turned into a hypermodern metropolis

Szeretlekmagyarorszag.hu writes that the graphic designs of the capital’s newest development have been presented. The investment that starts this year will incorporate the Kopaszi Dam region […]
14/05/2016

Hectic state asset management can be expected in 2017

Napi.hu writes that 2017 is going to be a hectic year concerning state asset management: hospital sales are coming, but there’s going to be a need […]
12/05/2016

The renovation of Széll Kálmán Square is complete

The 5.3 billion forint project to renovate Széll Kálmán Square began last January, and the square was finally opened on May 10, bkk.hu has announced. Although […]
30/04/2016

The renovation of park next to the Danube has begun in Budapest

District Ferencváros offical site writes that the constructions to develop the Nehru Bank, that is the area south to the Whale has started, therefore, hopefully in […]
26/04/2016

Balcony-gate: UNESCO committee to investigate the construction

According to hvg.hu, UNESCO wants to investigate whether or not the reconstruction of the Buda Castle goes against World Heritage rules with a committee. Együtt wants […]
23/04/2016

Hungary, the country of building stadiums

The national programme concerning stadium-building continues as the construction of the stadium in Szolnok became finished and another foundation stone for Haladás stadium was placed in April, reports […]
02/04/2016

Bridges of Budapest are in awful condition

Only after the renovation of the Chain Bridge may the reconstructions of the Petőfi Bridge begin, reports hirtv.hu. Already in 2010 the experts claimed the necessity of a renovation […]
24/03/2016

Here comes the Podmaniczky Park, Nyugati railway station might be closed for years

Hvg.hu writes that a one and a half kilometre big green area would be constructed until 2022 along the Nyugati railway station, while the station, which […]
24/03/2016

The swimming arena for the 2017 Swimming World Championships is under construction – Drone video

Szeretlekmagyarorszag.hu reports that the building of the Dagály swimming arena has already begun. The arena in Budapest will be the main location for the Championships, and […]
17/03/2016

Government: Planned building societies to promote new construction

Budapest, March 17 (MTI) – A bill on national building societies, now before parliament, was designed with the aim to boost new home construction, Antal Rogán, […]
16/03/2016

Construction sector output plunges on base effect, close of EU funding cycle

Budapest, March 16 (MTI) – Hungary’s construction sector output fell by an annual 20.1 percent in January, the steepest decline in years, data released by the […]
28/02/2016

Gellért Hotel regains its former glory after renovation

Danubius Hotels is looking for an investment partner for the renovation of Gellért Hotel. The multi-billion investment may take 1.5-2 years, turizmusonline.hu wrote. Imre Deák, CEO […]
24/02/2016

Vast majority of Budapest people rejects incorporation of City Park

According to szeretlekmagyarorszag.hu, the majority of the respondents do not want more museums to be built in the City Park. However, they would be happy if […]
24/02/2016

Home building permit issues up 30 pc in 2015

Budapest, February 24 (MTI) – The number of home building permits issued in Hungary rose by 30 percent to 12,515 last year, data released by the […]
22/02/2016

World’s largest indoor water park can be built at Balaton

According to turizmusonline.hu, they want to build the 110-hectare water entertainment center with a special foil roof structure in Vörösberény, at the Lake Balaton. Imagine that […]
11/02/2016

Government publishes final conditions of home purchase subsidies

Budapest, February 11 (MTI) – Hungary’s government published final conditions for recently-launched home purchase subsidies for families in the official gazette Magyar Kozlony on Wednesday. The […]
10/02/2016

Budapest conference centre construction to start in 2017

Budapest, February 10 (MTI) – Construction of a new 4,000-capacity conference centre in Budapest is scheduled to begin in 2017 and be ready by the end […]
29/01/2016

Construction materials market expects boom in wake of VAT cut

Budapest, January 29 (MTI) – Hungary’s recent cutting the VAT on construction from 27 percent to 5 will result in “another boom” in the materials market, […]