Trans-Sped to create 270 new jobs with EUR 21.1 m investment

Logistics company Trans-Sped has invested HUF 8 billion (EUR 21.1m) in constructing six facilities nationwide, creating 270 jobs, Péter Szijjártó, the minister of foreign affairs and trade, said at the inauguration of one of the centres in Nagytarcsa, near Budapest, on Thursday.

The government supported the investment with a 2.4 billion forint grant, Szijjarto said.

New facilities were also set up in Debrecen, Környe and Tata.

As world economics was “upended in unprecedented ways in the past three years,” logistics emerged as a key factor to operations and so to sovereignty, Szijjártó said. “The more robust the logistical capacity, the more stable and stronger the country,” he said.

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While the past years “are considered the black years of world economics”, Hungary has emerged strengthened from all crises, thanks to policies such as supporting the prevention of unemployment rather than subsidising joblessness, Szijjártó said.

Hungary continues to offer the most attractive investment environment in central Europe, he said. Last year, in a “triple master stroke”, the country registered record investment, exports and employment numbers, he added.

Investments worth more than 6 billion euros flowed into the country last year, and exports jumped by 20 percent to 142 billion euros, he said. The number of jobholders was at 4.7 million, the highest since the fall of Communism and 1 million more than in 2010, he said.

The logistics segment employed some 300,000 people last year, and its production value jumped by 50 percent to over 5,000 billion forints, he said.

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Source: MTI