Foreign minister Peter Szijjarto – Photo: Facebook

Szijjarto inaugurates expansion of logistics centre

Hungary's role is growing stronger in east-west transit routes, Peter Szijjarto, the minister of foreign affairs and trade, said at the inauguration of the expansion of a logistics centre in Kisvarda, in northeast Hungary, on Thursday.

Hungarian family-owned company Transit-Speed invested 3.8 billion forints (EUR 10.3m) to build two new warehouses. The investment was supported by a 1.4 billion government grant, Szijjarto said.

The investment will create 20 new jobs and will expand capacity to fill 200 trucks a day with grain arriving by train from Ukraine, Szijjarto said. It will bolster transports to struggling African and Middle Eastern countries, and “contribute to prevent a food crisis and thereby further migrant waves,” he said.

Later on Thursday, Szijjarto inaugurated an industrial park in Kemecse, in northeast Hungary. The park was constructed with 1.2 billion forint (EUR 3.2m) support from government and European Union funds, Szijjarto said.

Similar investments are key to drawing foreign companies to Hungary, by offering ideal circumstances for moving here, he said.

The Kemecse Industrial Park is situated near “a modern automotive centre being constructed around Debrecen and Nyiregyhaza, unique in European and even in global comparison.”

Talks are ongoing with companies interested in the park, in an effort to shorten supply lines, “a lesson interested parties have learned from the times of the coronavirus pandemic,” Szijjarto said.

Leave a Reply