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Demján chosen as person of the year

Hungarian business weekly Figyelő today chose Hungarian business magnate Sándor Demján as person of the year for 2015, Hungarian news agency MTI reported.

When presented the prize, the business magnate said the future of the country depends on whether Hungary will have a competitive tax system.

He added that Hungary will be able to grow if it respects general employment ratios, as unnecessary employment results in extra taxation and low-value wages, MTI reported.

Sándor Demján is the wealthiest Hungarian with assets worth over 1 billion euro. He has made fortune investing in property market all over Central and Eastern Europe.

Demján is the chairman of TriGránit Development – one of the biggest property developers in its part of Europe. The firm built the greatest polish business park – Bonarka City Center in Krakow. Hungarian real-estate tycoonis also famous for buying an island on Seychellesto erect a luxurious hotel there.

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