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SZIJJÁRTÓ: LOGISTICS KEY SECTOR

 

The government sees logistics as a key sector, a benchmark of the economy’s versatility in a changing world economy, Péter Szijjártó, the minister of foreign affairs and trade, said on Wednesday. The minister spoke at an event where logistics company Revesz Transz announced a 3.2 billion forint (EUR 8.2m) investment to build warehouses in Tiszaújváros and Kazincbarcika, in north-eastern Hungary. The investment is supported by a 1.4 billion government grant and will create 100 jobs, he said. The sector has faced “serious challenges” in recent years but has ensured uninterrupted supplies in Hungary even during the hardest of times, he said.
The sector’s production value grew by 39% the first quarter of 2022, surpassing 1,000 billion forints, he said. Last year, it made up 5.5% of GDP, with 290,000 employees in the sector moving some 310 million tonnes of goods, he said. The government has supported 29 logistics investments in the past eight years, contributing to 4,000 new jobs, he said. The new investments are linked to growing demand from oil and gas company MOL and chemical manufacturer BorsodChem, he added.