ADVERTISEMENT

Hungary: Polgár logistics center starts first unit

Deals

As part of the first phase of a 38,000 sqm logistics center development project in the Polgár industrial park, the developers have put into operation the first warehouse of 6,000 sqm, announced CB Richard Ellis.

The complex is being rented by Kühne+Nagel Kft, whose parent company has a significant presence on the international market. The company has increased its warehouse capacity to 5 times as much as it was 3 years ago. The logistics centers are located in Polgár and in Körmend. In the Polgár industrial park, the developer is to construct a logistic base suitable for freight train carriers in the framework of a total of Ft 5 billion (€19.6 million, $26.8 million) investment. (Napi Gazdaság)

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.