Xanga group tops out first building at HUF 600m cargo base in Hungary


China’s Xanga group on Wednesday topped out a 5,000sqm building at a HUF 600m cargo base it is establishing at the Debrecen airport in eastern Hungary.

The building is the first at the base, whose area will be 50,000sqm when completed at the end of 2015.

Xanga group won a HUF 150m grant for the investment.

Debrecen Deputy Mayor Laszlo Papp noted that the group has been involved in the creation of thousands of new jobs by operating the local industrial park and plans further developments on a similar scale near the airport.

Xanga group CEO Istvan Herdon said SAIGO Port Kft, a member of the group, will put its logistic base currently under construction into operation in December.

Mr Herdon added that there are ongoing talks with Chinese companies as a result of which ten Chinese companies will establish units in Debrecen in the first half of 2012.


K&H Bank Fined for Irregularities Banking

K&H Bank Fined for Irregularities

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

New CEO at the Helm of DDC From January Appointments

New CEO at the Helm of DDC From January

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...


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.