Székesfehérvár to offer airport developer alternatives

City

The local council of Székesfehérvár on Friday approved alternative plans for the city's local airport after years of inactivity by property developer Biggeorge's. Council members voted to give Biggeorges's until the end of 2020 to complete investments at the airport or return it to the local council. Another alternative approved by the council would give Biggeorge's until 2016 to spend at least HUF 2 billion on an airport for hobbyist and corporate flights. If it opts for the latter, Biggeorge's must inform the local council by 2014 or return the airport to the city. Biggeorge's said in the autumn of 2008 that it had acquired the necessary permits for HUF 15 billion of developments at the former military air base. Service of low-fare and charter flights was to have started in the first half of 2010, the company said at the time.

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75% MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Spar Magyarország Revenue Climbs Close to 16% in 2023 Retail

Spar Magyarország Revenue Climbs Close to 16% in 2023

Hungary Launches HUF 15 bln Tourism Sector Support Program Tourism

Hungary Launches HUF 15 bln Tourism Sector Support Program

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.