18 new logistics parks to be created in Hungary

Another 18 logistics parks have been officially designated, the National Economy Ministry said on Tuesday.

The new designations bring the total number of logistics parks in Hungary to 57, the ministry said in a statement

The government rolled out the system of official designation for logistics parks a year ago with the aim of achieving uniformity and boosting competitiveness.

Logistics parks that operate on an area of at least three hectares and have 3,000sqm of warehouse space may apply for designation as an intermodal, regional or local logistics park. Applications are weighed by a Logistics Park Council which makes a recommendation to the minister in charge of industry, who issues the designations.

The logistics sector is one of the pillars of Hungary’s economic growth with 2,500 companies employing 300,000 people. It accounts for 5 percent of the country’s GDP, the ministry said, adding that the government planned to increase the ratio to 10 percent. It is an important goal for Hungary to further strengthen its investments and exports-based economy, which requires developing the infrastructure used by industrial companies, the ministry said. Relevant development projects in the logistics sector will be carried out on 340 hectares and will be worth around 370 billion forints (EUR 951m), the ministry said.

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