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China may open Central Europe cargo base in Hungary

China’s Shanghai Construction Co. may buy an unused airport in western Hungary to set up a central European cargo base, Bloomberg reports, citing

The development, with an estimated value of HUF 100 billion ($529 million), may be agreed during the two-day official visit to Hungary of Chinese Prime Minister Wen Jiabao, starting today, according to the news portal.

Hungary and China held extensive talks on the future of the airport, situated near the town of Szombathely, 227 kilometers from Budapest, prior to the 2010 elections, Index said.