articleimg-1
Jan 03, 2017

Hungary's regeneration continues in 2017

Hungary has become a player viewed as leading the race in central Europe, a market where international investors can safely take refuge without fear of an uncertain economic landscape

Hungary's investment in regenerating the country following a triumphant return to economic success.is set to gather pace in 2017.

The recent financial resurgence has helped put Hungary back on the world stage and contributed to a growing reputation in the international community of a country rich with ideas, opportunity and resources.

Hungary has become a player viewed as leading the race in central Europe, a market where international investors can safely take refuge without fear of an uncertain economic landscape.

This is all part of the Orbán Government’s ambitious program of renewal. It got under way in 2010 and has had far-reaching impact, changing the domestic labor market, the tax system, the public and private debt burden, and much more. But renewal has also changed the way Hungary looks, and Budapest, is a terrific example of how the Orbán Government’s emphasis on renovation and infrastructure are making a big difference.

Budapest will play host to the 2017 FINA Championships, and the government’s decision to bid for the right to host the 2024 Olympic Games has Budapest competing among the final three cities.

A 60 billion HUF construction of the South Buda ‘Super Hospital’ will continue, while renovation of the Kelenföld Railway Station and the rebuilding of the Déli Railway Station will begin in 2017.

In Budapest, renovation of the museum quarter and the city park will continue to deliver the House of Hungarian Music, the Hungarian Transportation Museum, the Fine Arts Museum, and the National Center of Museum Storage and Restoration.

A number of other renovation and regeneration projects will take place throughout Hungary this year and beyond.

Today, as the government’s project of renewal bears fruit, it’s exciting to watch Budapest and Hungary re-capture its glory, building on an important past while adding a dynamic, innovative flare for the future.