The company negotiates with the concerned municipalities on the modifications of construction regulations, and as soon as a consensus is reached, the projects will start, said chair Gellért Jászai. A global leader with European investments worth €11.5 billion, Irish real estate developer Quinlan Group joined SCD Holding Zrt as a partner in last November. The investments include an apartment building in Balatonalmádi, a four/five star gastro-hotel in Badacsony, a beauty hotel in Balatonszemes, and the modernization of Aranypart Camping in Siófok. Ft 154 billion support will be tendered in the forthcoming two years in the framework of the tourist development action plan, said expert state secretary István Újhelyi. The projected investments will total at Ft 1,000 billion, the government hopes. Resources for the next five years total at Ft 300 billion. Ft 5 million will be allocated especially for the Balaton region, and this allocation may be expanded later. Tourism is a highly attractive investment, as growth follows global trends, and the number of tourists (800 million in 2006 globally) will increase by 100% by 2020, opined Erik Bánki, chair of parliament committee for tourism. This expansion will involve growing competition as well, making state support vital to ensure further revenues, Bánki concluded. (Napi Gazdaság)
Producing journalism that is worthy of the name is a costly business. For over 30 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.
