Politics & Foreign Relations

   Economic News

   Business News

   Other News of Interest

   All stories

15th August, 2018

MOL gets permit for skyscraper

The government has granted MOL an exemption from laws limiting the height of buildings in Budapest, PMO leader Gergely Gulyás confirmed at his Tuesday press conference.

MOL may build its 120-metre high new headquarters at Kopaszi gát in the 11th District, Gulyás added, symbolising that the company is a flagship of the economy.

OTP and Richter were also offered exemptions from the 90-metre maximum height restriction, but only MOL wanted to use this opportunity.
The state has substantial stakes in both MOL and Richter, website Napi notes.

Former PMO head János Lázár filed the bill on the skyscraper ban two years ago after MOL announced its plans. Lázár had public disagreements with MOL deputy chairman and OTP chief Sándor Csányi several times, Napi adds.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

Contact Free Trial Subscription