ADVERTISEMENT

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.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

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

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.