Lidl to build new logistics hub in Hungary
German supermarket chain Lidl is building a new logistics hub in Hungary with an investment of 35 billion forints (EUR 100m).
The government is contributing a non-refundable incentive grant of 1.2 billion forints, he added.
Foreign minister Péter Szijjártó said the winners in the new global economy were those who made a move in the right time to achieve a competitive edge and attracted long-term investments by companies.
Despite current economic hardship around the world, it is significant that
Lidl has decided to carry out its next investment in Hungary, creating 400 new jobs,
he said.
Lidl Magyarország board chairman Jenő Grósz noted the company is building its fourth logistics hub. Based in Ecser, near Budapest, the investment is to be completed in November 2021.
![Budapest, Chain Bridge, view](https://contentf5.dailynewshungary.com/wp-content/uploads/2018/12/Budapest.jpg)
Read alsoKhalaf Ahmad Al Habtoor: Hungary, Europe’s rising star
Source: MTI
please make a donation here
Hot news
What happened today in Hungary – 26 July, 2024
Drama: number of births in a 20-year low in Hungary
Yay or nay? – 6 odd Hungarian delicacies that make our skin crawl
Budapest tourism “exploded” this past weekend
Container transport in Budapest may stop: How will this affect Hungarian economy?
Minister: Hungary will protect its territory by every means possible