fbpx
Business infrastructure

The development of transport logistics is key for economic success

Hungary seeks high-speed rail connections with the other V4 countries as well as its southwestern and southern economic partners, plus a port on the Adriatic Sea.

Levente Magyar, Parliamentary State Secretary of the Ministry of Foreign Affairs and Trade (KKM), speaking at the Logistics Forum 2020 meeting in Budapest on Thursday, emphasized that the development of transport-logistics connections are key to the future of the region. 

Magyar specified that logistics, shipping and transport can not be planned only “within national borders,” especially not in Hungary, which has seven neighboring countries and does not have its own coastal port. Meanwhile, Hungary is the gateway to both the east and south of Europe.

If Hungary wants to pursue such goals, it will inevitably have to do so in cooperation with its neighbors, he said, adding that we have “excellent economic relations” with all countries. He also mentioned that after Germany, Hungary has the largest volume of trade with neighboring countries.

According to the state secretary, the construction of the modern railway connection between Budapest and Belgrade is progressing at a rapid pace and will open up a new era in Hungarian-Serbian relations. The project demonstrates the determination of countries in the region to develop transport connections, he added.

The government hopes to build high-speed rail connections with the other V4 countries as well as its southwestern and southern economic partners. Meanwhile, another large-scale investment is the development of a North Adriatic seaport, for which the government has purchased suitable land in Trieste.

This is the third time the Ministry has organized the International Logistics Forum; the key partner countries are Croatia, Italy, Serbia and Slovenia.

Source
www.kormany.hu
Show More

Related Articles

Back to top button