ARTICLES LABELLED WITH TAG Hungary

As of 28 May 2025, Małgorzata Czaplicka has been appointed President of the Management Board of GTC S.A. She takes over from Gyula Nagy, who served as President of the Management Board since August 2023.

Adventum Group announced the signing of a refinancing for its KÖKI Shopping Center in Budapest.

Corvin Innovation Campus, the office complex developed by Futureal Group, has been awarded the highly coveted WELL Core Platinum certification.

Forestay Group has organised a topping-out ceremony of the Moxy Budapest Downtown, a 283-room hotel set to open in spring 2026 on Budapest's historic Kazinczy Street. 

Industrial developer HelloParks has announced that all of its warehouse buildings in Hungary comply with the stringent requirements of the EU Taxonomy, making it the sole recipient of this recognition in the country to date.

The Hungarian construction sector experienced a significant slowdown in Q1 2025, with the value of new construction starts dropping sharply compared to the previous quarter and the same period last year. This weak start comes despite a surge in activity at the close of 2024, driven by major project launches.

Mogotel Hotel Group has opened the first Mövenpick-branded hotel in Budapest, marking a significant expansion in the Hungarian capital. 

CA Immo completed the sale of the IP West office building in Budapest. The buyer is BYD, a Chinese company that develops and manufactures rechargeable batteries, electric vehicles, rail transit systems, and other new energy technologies, as confirmed by Colliers. The agency represented the buyer in the transaction and provided project management services. The sale was also supported by CBRE and CERHA HEMPEL Rechtsanwälte.

The European Bank for Reconstruction and Development (EBRD) has cut its 2025 growth forecast for its regions by 0.2 percentage points to 3.0%, with a moderate rebound to 3.4% expected in 2026. This follows a similar downgrade in February and reflects mounting global headwinds, including rising trade policy uncertainty, softening external demand, and newly imposed tariffs.

Atenor has announced the sale of BakerStreet I, a fully leased office and retail development in Budapest's Újbuda district, to an international investor.