Plan to Double Economic Weight of Logistics Sector Being Drafted

Logistics

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Hungary's government is drafting a package of proposals, with the involvement of industry players, to raise the forwarding and logistics sector's share of GDP from around 5% to 10% by 2030, Economic Development Minister Márton Nagy said at a conference organized by think-tank Századvég on Tuesday.

The package would limit the number of subcontractors in the logistics chain, set minimum service fees, and upgrade border crossings and transit corridor capacities to allow goods faster entry into the European Union, Nagy said.

The government aims to make the Röszke crossing at Hungary's border with Serbia "the most important logistics hub not just in Central Eastern Europe, but in Europe", he added.

Nagy noted that the headcount in the logistics sector stood around 285,000 last year, accounting for 6% of all economically active people. The sector's share of GDP is low in regional comparison, he added.

He pointed to the growing role of warehousing in the sector and said warehouse capacity in Hungary had doubled to 2 million square meters between 2021 and 2023, with Hungarian companies taking a leading role in that expansion.

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