Trans-Sped to create 270 new jobs with HUF 8 billion investment

Logistics company Trans-Sped has invested 8 billion forints (EUR 21.1m) in constructing six facilities nationwide, creating 270 jobs, Peter Szijjarto, the minister of foreign affairs and trade, said at the inauguration of one of the centres in Nagytarcsa, near Budapest, on Thursday.

The government supported the investment with a 2.4 billion forint grant, Szijjarto said.

New facilities were also set up in Debrecen, Kornye and Tata.

As world economics was “upended in unprecedented ways in the past three years,” logistics emerged as a key factor to operations and so to sovereignty, Szijjarto said. “The more robust the logistical capacity, the more stable and stronger the country,” he said.

While the past years “are considered the black years of world economics”, Hungary has emerged strengthened from all crises, thanks to policies such as supporting the prevention of unemployment rather than subsidising joblessness, Szijjarto said.

Hungary continues to offer the most attractive investment environment in central Europe, he said. Last year, in a “triple master stroke”, the country registered record investment, exports and employment numbers, he added.

Investments worth more than 6 billion euros flowed into the country last year, and exports jumped by 20 percent to 142 billion euros, he said. The number of jobholders was at 4.7 million, the highest since the fall of Communism and 1 million more than in 2010, he said.

The logistics segment employed some 300,000 people last year, and its production value jumped by 50 percent to over 5,000 billion forints, he said.

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