Hungary to set up port, logistics base in Trieste
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Hungary will set up a port and a logistics base in Trieste with a view to facilitating and speeding up the shipping of Hungarian goods overseas, the foreign affairs and trade minister said on Friday.
The 60-100 million euro investment, to be carried out on a 32-hectare plot, will allow Hungarian companies to ship their goods out to sea within 24 hours, Péter Szijjártó said at the opening ceremony of the V4+ Logistics Forum in Mogyoród, near Budapest.
The land purchase agreement is expected to be signed in early July, he said.
On another subject, Szijjártó said that in light of the ever stronger economic cooperation between Hungary and Poland, Polish state carrier LOT has chosen Budapest as its second base of operations. The two countries are in the middle of finalising a deal that will see LOT launch a direct flight between Budapest and Seoul, he added.
Meanwhile, the minister said Hungary would have to reduce the gap in infrastructure with western Europe in order to improve its logistical competitiveness. To do this, he said, Hungary must develop its north-south infrastructure corridor, increase its number of border crossing roads and railways, address the absence of a high-speed rail line in central Europe and make use of China’s goals with the Eurasian trade area.