ADVERTISEMENT

Govt to spend HUF 120 billion to develop Budapest's City Park

Sights

The government plans to complete the renewal of Budapest's City Park along with a new museum complex by 2018 at a cost of HUF 120 billion, to be covered largely from European Union funding, minister for human resources Zoltán Balog said in Budapest on Sunday.

Balog said that this will be a cultural development project of an "unprecedented scale" in the past one hundred years in the capital. In order to integrate the collections of the Museum of Ethnography, the Hungarian Museum of Photography, the Museum of Fine Arts and the Hungarian National Gallery, the new museum complex will house the New National Gallery, the Ludwig Museum, the House of Hungarian Music and the Hungarian Museum of Photography.
Ministerial commissioner László Baán said the City Park could attract 1-1.5 million tourists a year after the project is complete.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

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

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.