Economic crisis sand trap for Hungary's golf industry

Recycling

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.

MET Group Records 2nd Most Profitable Year in 2023 Energy Trade

MET Group Records 2nd Most Profitable Year in 2023

Gov't Considering Fuel Price Intervention Government

Gov't Considering Fuel Price Intervention

Uber to Return to Hungary at Beginning of Summer Transport

Uber to Return to Hungary at Beginning of Summer

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.