(MTI) – Russian retailer Magnit is postponing plans to build a logistics centre in Hungary because of Russia’s embargo on imports of a range of farm products from the European Union, Russian real estate news portal 1rre.ru said.
Russia’s Biggest Food Retailer Will Open A Logistic Center In Hungary
If the situation changes for the better, the company is prepared to go ahead with the logistics base, a spokesperson for Magnit told the portal.
The forwarding base near Zahony, a major border crossing to Ukraine, was planned for a fleet of 1,000 transport vehicles. The plans to build the base were announced late in 2013.
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