Hungarian section of Lake Fertő to get HUF 30 bln investment
The government has set aside HUF 30 billion in state money for infrastructural development of the Hungarian stretch of Lake Fertő, portfolio.hu reported.
The multi-phase project holds out the promise of a comprehensive modernization around the lake (196 km west of Budapest, it straddles the border with Austria, where it is known as the Neusiedler See), with new marinas and fishing harbors, the extension of beaches and new camping and catering facilities.
The second phase will extend the M85 expressway linking Sopron (214 km west of Budapest) with Fertőrákos (10 km to the northeast of Sopron). The investment will likely change the real estate market of the area. Sopron is already one of the most expensive county seats in terms of home prices, with an average of HUF 357,000 per sqm, portfolio.hu reported.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
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.
