Waberer's Signs Contract to Build HUF 18 bln Warehouse

Logistics

Listed hauler Waberer's International on Monday said it signed an HUF 18 billion contract with Bayer Construct to build a 47,000 sqm warehouse in Ecser, on the outskirts of Budapest, according to a reprot by state news wire MTI.

Ground will be broken in February and the investment will be completed in Q1 2024.

Waberer's noted that it earlier won HUF 6 bln of government aid for the investment.

Waberer's CEO Zsolt Barna said the construction of the warehouse is a "major milestone" for the regional logistics sector. It will give Waberer's the capacity to manage dangerous goods covered by the ADR and e-commerce partners' products with automated logistics solutions, he added.

Lender Liquidity Increases Further Banking

Lender Liquidity Increases Further

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Home Rental Rates in Hungary Rise 11.7% in March Residential

Home Rental Rates in Hungary Rise 11.7% in March

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

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.