VOL. 31. NUMBER 16 | SEPTEMBER 8 – SEPTEMBER 21, 2023
HUF 2,100 | EUR 5 | USD 6 | GBP 4
HUNGARY’S PRACTICAL BUSINESS BI-WEEKLY SINCE 1992 | WWW.BUDAPESTBUSINESSJOURNAL.COM
SPECIAL REPORT INSIDE THIS ISSUE
Green Business
Developers Call for More Transparency and Improved Benchmarking ESG-compliant features and procedures in real estate are increasingly the norm, exemplified by accreditation to a recognized third-party sustainability system for high-end office and industrial developments. 11
ESG Offers Sustainable Future for Living and Working in Budapest A prime issue facing Budapest is how the infrastructure, look and feel of the city can and should be improved in line with ESG and sustainability priorities, whether from a real estate business, environmental quality or architectural perspective. 18
Sustainability: Walk the Talk
SOCIALITE
Viewing Renoir: A Different Kind of Challenge It can be fun to go to an exhibition by an artist you know little about or don’t like much. That’s why David Holzer is looking forward to “Renoir: The Painter and his Models” at the Museum of Fine Arts in Budapest, beginning September 22. 30
NEWS
Q2 Contraction Extends Hungary’s Economic Recession While inflation continued its downward trend during the holiday period and enabled a further reduction in interest rates, poor secondquarter GDP data spoiled any summer party. 3
BUSINESS
Landlords have a vital role in raising sustainability awareness among staff, tenants and society and establishing communication with regulators, says Mátyás Gereben of CPI Hungary. 7 BUSINESS
Egészsége-dreher! Brewery Invests for the Future Like much of the local market, the venerable Hungarian beer producer Dreher, now owned by Japan’s Asahi, is battling to recover from COVID and cope with the inflationary environment. 8