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HungaryTrends – The week in business and finance: wages, industrial, investments, tourism
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See below main Hungarian business and financial news from the previous week:
THIS IS HUNGARY’S MOST EXPENSIVE FLAT
A new penthouse is being built in Budapest, that will cost 9.5 thousand euros (HUF 3 mill) per square metre, more than the average prices in Vienna. Read more HERE.
BUD AIRPORT BROKE RECORD AGAIN
Thanks to the dynamically increasing traffic, over one million people travelled to or from Liszt Ferenc Airport. This number is without precedent and shows the growing popularity of BUD Airport.
HUNGARIANS CONTRIBUTING TO A MONUMENTAL CHINESE TOURISTIC INVESTMENT
An enormous Chinese investment close to the city of Chongquing, including a medical spa center, several hotels, therapeutic and conference establishments, is going to take place with the help of professional Hungarian counsellors. Read more HERE!
MOL SEEKS TO SELL UK UPSTREAM ASSETS
Hungarian oil and gas company MOL wants to sell its upstream assets in the North Sea, Reuters reported, citing banking sources. MOL has hired Bank of America Merrill Lynch to run the sale process for the assets, four banking sources told Reuters.
GYÖRGY WABERER GIVES BACK WITH EUR 3.2m FOUNDATION
Former trucking industry magnate György Waberer has set up a 1 billion forint (EUR 3.2m) foundation to improve the lives of underprivileged Hungarians. The foundation, based in the village of Füzér, in the underdeveloped northeast of the country, will support families with sick children and those struggling to get by as well as foster talent among the young.
INTERNATIONAL COMPANIES EXPECT RAPID GROWTH OF HUNGARIAN WAGES TO CONTINUE
International companies based in Hungary expect wages in Hungary to grow on average by 6.1 percent in 2018 after a 6 percent increase this year, a study conducted jointly by the Members of the German-Hungarian Chamber of Industry and Commerce (DUIHK) and by Kienbaum Consultants International in the autumn showed.