ADVERTISEMENT

IEA offered free rent in Budapest

Awards

The International Energy Agency (IEA) might relocate its headquarters from Paris to Budapest in 2017, Hungarian business daily Világgazdaság reported today.

The government has authorized Hungarian Economy Minister Mihály Varga to offer the agency the use of a Budapest property free of charge, under a government resolution published in the official gazette Magyar Közlöny.

Should the agency accept the offer, Varga would be responsible for the refurbishing and maintenance of the property, along with covering the costs of the agency's relocation process.

Greg Frost, IEA's director for public relations, confirmed to Világgazdaság that the current lease of the headquarters in Paris would expire in 2017. The 29 member countries of the organization are assessing various options for the period to follow and the board will make a decision in 2015, he added.

ADVERTISEMENT

Regional income disparities remain pronounced Analysis

Regional income disparities remain pronounced

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.