Balaton lags in ‘economic strength’

Telco

While the Balaton Region is perceived by many as one of the economically most developed parts of the country, data cited yesterday by online portal index.hu suggest the lake region is lagging behind the national average.

Index.hu notes that per capita “Community Economic Strength” (Települési Gazdasági Erő) in the specially designated Lake Balaton Resort Area (BKÜ) is gradually declining compared to the national average, signifying a steady weakening of the Balaton Region’s economic position.

In 2013, the economic strength of the region already reached barely 80% of the per capita national average. The index.hu report recalled that this emerged from a survey conducted by the Lake Balaton Development Council pertaining to the period 1994–2013, drawn up within the framework of a long-term Balaton development concept. 

The Development Council’s survey revealed huge differences between areas along the lakeshore and those further away. Although the economic strength index of areas away from the shore remained considerably lower than that of lakeside areas, a steep observed decline in the latter saw the two categories increasingly converge, so that even the average development level along the shores of Lake Balaton had fallen below the national average by 2013.

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti... Figures

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

2/3 of Hungarians Have Basic Expectation of Home Office HR

2/3 of Hungarians Have Basic Expectation of Home Office

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.