Accor - a multinational hospitality company - is expanding its presence in Hungary by opening a new hotel called Swissôtel Budapest Lagoon, company representatives announced. The hotel is planned to open on the banks of the Danube in 2028 and will feature 200 hotel rooms and apartments, along with an artificial lagoon built alongside the hotel. Accor has ambitious plans in...
Budapest, Nov 16, 2023- Hungary’s government has submitted the outlines of a new „golden visa” programme to parliament as part of a draft bill regulating immigration from third countries to Hungary. The bill, submitted on Tueseday, introduces the catigory of „guest-investor visa”, for individuals who are coming to Hungary affiliated with projects that received the label of „strategically...
The desire of foreign investors to establish a branch of their existing company in Hungary is unfailingly popular and it is increasing even more- reports Napi.hu. The key reason for this, is that there is no minimum amount of starting capital for a branch in Hungary, while a LLC. (hun: Kft.) can be formed with minimum starting capital of 3 million HUF, and Ltd. with minimum starting capital of 5 million...
Previous months fast growing rental fees slowed down significantly in august of 2022: compared to July, rental fees grew 1,5% countrywide and 1,3% in Budapest, which is the least monthly growth in entire 2022- was said in KSH- ingatlan.com’s latest rental market report. Let’s see how much is rental fee in different cities of Hungary. Further slowed down the price increase for rental apartments in...
Today Hungarian government diced to modify the existing decree regarding gas and electricity prices in Hungary, which was adopted by government in 2013. This decision was made with reference to energy crisis and energy price increase worldwide and that EU won’t be able provide necessary amount of gas to it’s member countries. Based on new modifications, from 1st of August 2022 “discounted” price...
It has been going on for 8 years now that real estate prices in Hungary were constantly growing. And 2021 set another record in terms of price increase, which is mainly due to the significant rise of prices in provinces and countryside. Based on HNB’s (Hungarian National Bank) recent report, in the 4th quarter of 2021 real estate prices grew 21,4% countrywide in term of 1 year period. A year ago it was...
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