Magyar Posta inaugurates HUF 5 billion parcel depot

Industrial

Photo by Shutterstock.com

Hungaryʼs state-owned postal company Magyar Posta inaugurated a HUF 5 billion package depot, its biggest yet, in Fót, on the outskirts of Budapest, on Monday, according to a report by state news wire MTI.

The 15,000 sqm depot will start operating at the end of November with about 300 package-sorters and 40 administrative staff.

The investment is a key element of a HUF 50 bln program to upgrade Magyar Postaʼs logistics infrastructure which affects 23 parcel depots, including four in the capital.

Magyar Posta expects its package volume to rise about 20% this year.

CEO György Schamschula noted that the pandemic has boosted the number of Hungarians who now do some of their shopping online.

Data from the Central Statistics Office (KSH) show domestic deliveries of postal packages edged down 1% to 994,000 last year. But the number in Q2 2020 climbed a little over 405 year-on-year to 309,000.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.