Gov't Weighs Measures to Boost Logistics Sector Competitiveness

Government

Photo by rosstomei/Shutterstock.com

The government will discuss a package of measures that aims to improve the competitiveness of the logistics sector, state secretary Gergely Fábián said after a meeting with industry associations on Friday, according to a report by state news wire MTI.

In a joint statement issued by the Economic Development Ministry, the Hungarian Road Transport Association (MKFE), and the Association of Hungarian Logistics Service Centers (MLSZKSZ), Fábián said the package of measures, to be weighed "in the coming weeks", would take into "close consideration" the recommendations of industry insiders.

MKFE chairman Zsolt Barna welcomed the government's recent decision to raise the tax-free per diem threshold for haulers from HUF 3,000 to HUF 9,000 for domestic routes and from EUR 60 to EUR 85 for foreign routes and said the measure had "contributed immediately" to improving conditions for haulers and passenger bus companies.

MLSZKSZ head Zsolt Fülöp also acknowledged the positive impact of the measure and said another government decision to require designation for intermodal, regional, or local logistics parks would have a "significant effect" on regional development while presenting an "excellent opportunity" to support economic development goals.

The logistics sector accounts for 5% of GDP at present, but the government aims to double that ratio by 2030.

Over 280,000 Hungarians are employed in the logistics sector.

MNB Business Confidence Index Slips in March MNB

MNB Business Confidence Index Slips in March

Chinese President to Visit Budapest in May Visits

Chinese President to Visit Budapest in May

Richter Shareholders Approve HUF 423/Share Dividend Pharma

Richter Shareholders Approve HUF 423/Share Dividend

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

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.