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Budapest Liszt Ferenc International is Europe's fastest-growing airport

Annual passenger numbers are targeted at 20 million by 2030 and ground would be broken for the construction of a third terminal at the airport in 2025.

National Economy Minister Márton Nagy said Budapest Liszt Ferenc International is Europe's fastest-growing airport.

Speaking at the Michelin Guide award ceremony on Tuesday, Minister Nagy said Liszt Ferenc passenger numbers would approach 18 million in 2024. He added that the state had made a "good deal" when it bought back a controlling stake in the airport's operator.

Annual passenger numbers are targeted at 20 million by 2030, he said, adding that ground would be broken for the construction of a third terminal at the airport in 2025.

Minister Nagy noted that the tourism sector generated close to 12pc of Hungary's GDP and 10pc of central budget revenue and pointed to government measures to support the sector such as a tax exemption for tips.

He acknowledged the prestige enjoyed by local restaurants included in the Michelin Guide.