Hungarian Grand Prix Adds HUF 20 Billion to the Country’s Budget July 26th, 2013

Hungarian Grand Prix Adds HUF 20 Billion to the Country’s Budget According to 2011 data the Hungarian Grand Prix adds HUF 20 billion to the country’s budget, advertising value not included. The Grand Prix has 200 thousand visitors annually, 80 percent of them are tourists. They spend over HUF 200 thousand on average during their visit. Hungarian History of Formula-1 The Hungarian Grand Prix has been organized annually since 1986. It’s held at Hungaroring track in the city of Mogyoród near...

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Never Been Easier to Buy an Apartment – Tower International Can Help You to Buy Smart and Make the Right Decision July 22nd, 2013

Looking at the last few years’ apartment prices we can say it’s never been easier to buy an apartment, since they’re cheaper than ever. Last year one-third as many apartments were sold as ten years ago. No increase is expected for 2013: ca. 10 thousand apartments will be built countrywide from which 1500 in the capital.Since 2003 the apartment prices have never been this low; so for those who have a permanent job and salary getting an apartment is easier than ever. According to FHB Lakásárindex’s...

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Another Global Brand Opens Store in Budapest July 22nd, 2013

The Michal Negrin fashion company, that has stores in 23 countries, opened it’s new facility in Budapest. The brand which produces formal clothing, jewelry, decoration items and other accessories, has moved into the building of Váci1 Shopping Centre.Another global brand has moved to Budapest. The Michal Negrin fashion company, which produces mostly fashion jewelry and formal clothing, opened it’s new store on the 6th June in Váci1 Shopping Centre (Váci1 Üzletház). The tenant, Leman-Line...

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New German and Russian Investments in Hungary July 22nd, 2013

A German and a Russian investor have chosen Hungary for their expansions. The German airlines, Lufthansa increases the size of it’s storage buildings in Budapest, and a Russian lamp manufacturing company opens a new plant in Balatonlelle, which is planned to be finished by the beginning of next year.Lufthansa Airlines has had a storage building at Budapest for 12 years, and now they‘ve rented another building from Budapest Airport. The company will employ new skilled airplane mechanics to work...

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Reconstruction of the Buda Castle Will Be Finished by November July 22nd, 2013

Several supporting walls of the Buda Castle will be renovated by November. The construction started in June. The 3 walls which are to be redone were renovated 50 years ago for the last time; but according to the results of a 2010 examination the time has come for a new restoration. The construction work will cost HUF 750 million.  The reconstruction of the Eastern supporting walls of the Buda Castle started in the end of June is expected to be done by November. The 3 walls (No. 5, No. 7 and...

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Get Free Property Management in 2013! June 27th, 2013

Enough of lack of professionalism, low visibility, huge outstanding bills? Why don't you save money and get the service of the Leading Property Services Group in Budapest? Switch to Tower now and get free management in 2013!* Why Tower? - Online Access for Landlords - Real Time Updates, Mobile Application - Test it now - 96% Occupancy on Managed Properties – Tenants are waiting to rent your property - Managing Close to 700 Properties – How? - No Takeover Fee - Get a detailed property status...

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