Economic crisis sand trap for Hungary's golf industry
The economic crisis has brought Hungary's developing gulf industry to a halt, business daily Napi Gazdaság said on Friday.
Swedish-owned Hungarian Golf Development has stopped construction of a 26-hole golf course near Csákberény (C Hungary) after completing 30% of the course, and a Hungarian-Irish investment group stopped building a 12-hole golf course in Bicske, near Budapest, after completing 60% of the course.
Spain's Sedesa Group did not even start construction of a planned golf course and resort near Lake Balaton.
Hungary has seven 18-hole, three 9-hole and three 6-hole golf courses at present.
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