Hungary Trends – The week in business and finance

See below the main business and financial news from the previous week:

THE GLORIOUS LIFE OF BUDAPEST’S MILLIONAIRES – LUXURY FOR MILLIONS 

Statistics and experts revealed that there is a constantly growing need for luxurious flats in the Hungarian capital. The number of flats beyond 50 million HUF (150,000 EUR) is 2,370; between 50–100 million HUF, it is 2,435; between 100–200 million HUF, the number is 451; between 200–400 million HUF, it is 73; while for over 400 million HUF (1,200,000 EUR), it is only 10. Read more HERE.

ALMOST 10 THOUSAND NURSES DISAPPEARED FROM HUNGARIAN HOSPITALS! 

Mostly hospitals in Budapest struggle with the shortage of nurses, and despite measures taken by the government, the problem is far from being solved. Nurse managers say that the shortage could only be reduced by higher wages, scholarships, introducing an employee benefit program and by the re-employment of pensioners. Read more HERE. 

BDPST GROUP TO BUILD FIVE-STAR HOTEL IN CENTRE OF CAPITAL

Real estate developer BDPST Group has obtained the building permit to renovate a city block next to Vorosmarty Square in the centre of Budapest; the complex will include a five-star hotel as well as premium apartments. Two of the three properties affected by the renovation are classified historic buildings and the facade of the third is under local protection. The five-star hotel will be operated by Marriott International as part of the Autograph Collection Hotels brand. The project has been declared an investment of key importance to the national economy because of the world heritage location and the classified historic buildings. Read more HERE.