Hungarian logistics company Transintertop is spending almost HUF 300 million to develop and modernize its base in Kornye (NW Hungary), managing director Attila Selmeczi told MTI on Monday.

Transintertop is renovating a 2,000sqm warehouse and a 1,000 services building as well as building a truck wash and installing new IT and security systems, Selmeczi said. The company won a HUF 70 million European Union grant to support the project, he added.

Transintertop employs 130 people. It has annual turnover of more than HUF 4 billion.