VOL. 32. NUMBER 7 | APRIL 8 – APRIL 18, 2024
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SPECIAL REPORT INSIDE THIS ISSUE
Logistics
CEE Industrial Market Continues to Thrive When it comes to development and demand, the CEE logistics and industrial markets have been thriving. That said, total stock in the region is still low by European standards, according to analysts, with resulting development potential in many markets. 20
Faedra22 Logistics Center Sold to German Investors The Faedra22 logistics center has been sold to a German investor. It is the second such development by the Hungarian Faedra Group and located in the southern hub of the Budapest logistics market at the intersection of the M0 and M6 motorways. 22
A JV Built to Open Doors
SOCIALITE
Connecting Budapest’s Expat Literary Community When we read so much that all too often lacks any sense of local identity, it’s a pleasure to discover Budapest’s Panel literary magazine: “the written record of a generation of artists from everywhere that can live anywhere.” 29
NEWS
The Future is Being Built in Debrecen: PwC PwC Hungary will host the Debrecen Business Forum 2024 on April 9, the first in a series of annual summits organized in partnership with the city. Mayor László Papp, and PwC CEO Tamás Lőcsei, talk to the BBJ about Eastern Hungary’s economic successes and plans for the region. 8
BUSINESS
When DVM group and Greenfield Development decided to go public with the announcement of their JV recently, Tibor Massányi and Dávid Huszlicska wanted the timing to grab the industry’s attention. It would seem to have worked. 11 BUSINESS
‘Net Worthy’ Program Expands Nationwide
An agreement has been signed between Magyar Telekom and the Association of IT and Libraries to take the Netrevalók (“Net Worthy”) program, which seeks to educate elders about the internet and bridge the generation gap, nationwide. 10