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Budapest Economic
The economic importance of Budapest is out of all proportion with the population of that city.
Enterprises located in Budapest constitute 35 % of Hungary's national income.
56 % of all foreign capital invested in Hungary has come to Budapest.
50 % of the food industry and seventy per cent of agrarian trade is concentrated in the capital.
All of Hungary's road, rail, water, and air transport junctions are located in Budapest, and the city is the main crossroad of Central Europe.
At the turn of this century, there are fast 250 000 business enterprises in Budapest, one third of the enterprises in Hungary as a whole.
Due to all of this, the economic growth of Budapest is many times greater than that of the country at large and the unemployment rate, 3.5 %, is the lowest of any of the regions by far and excels in comparison with the European average.
The GDP per capital in Budapest is 90 % higher than the country's average. In the past ten years, Budapest has emerged as the financial and commercial center of Central Europe.
There are 56 banks, mostly foreign owned, 20 insurance companies, and about 600 other financial service enterprises operating in Budapest.
Foreigners purchase 5,000 homes in Budapest each year.
Budapest office space vacancy rate falls.
The vacancy rate on Budapest's modern office space market fell 1.25 percentage points to 13% in the third quarter, according to a report by property consultancy CB Richard Ellis published November 23.
The region's office space market doubled between 2001 and 2005 to 16 million square meters, and another 3 million square meters is expected to be built in the next two years
Low cost flights to Budapest.
With today's "cheap airlines" you can enjoy a wonderful short break in Budapest.
Here are the main low cost airline-
Easy Jet- Flying to Budapest from- Geneva and London.
Wizzair-Flying to Budapest from- Frankfurt, Stockholm, Paris, Rome, Malmo, London, Barcelona.
SkyEurope-Flying to Budapest from- Copenhagen, Paris, Nice, Amsterdam, London, Milano,Rome.
Air Berlin-Flying to Budapest from- Zurich, Berlin.
for more informaion about budapest please click here
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