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Gebruder Weiss investing HUF 210 mln in Hungary in 2015

Telco

Austrian-owned logistics company Gebruder Weiss (GW) Magyarország is investing HUF 210 mln this year in its Hungarian operations, managing director Thomas Schauer said yesterday. 

GW is considering building a warehouse in southern Hungary, Schauer said. The company sees great potential for development in the region due to Serbiaʼs planned accession to the European Union, he added. The Hungarian unit of GW had first-half revenue of HUF 7.1 bln and expects annual sales to be over HUF 14 bln.

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