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According to the government, the flourishing of the Záhony region is a step of strategic economic importance, which will help make Hungary the gateway to Europe, that is, the key point of freight traffic between Asia and Europe, so that Northeast Hungary to become the logistics center of the region, the Ministry of Innovation and Technology, cited by MTI.
In Záhony, the Hungarian state, as well as the Chinese government and a Hungarian private actor, is developing the local railway terminal with an investment value of approximately HUF 100 billion. The goal is to transform the transshipment station and its surroundings into an industrial park logistics center, our newspaper wrote this summer.
“The development serves the purpose of products coming from China through Russia to Hungary in Záhony and from there to Western Europe,” said Róbert Homolya, president and CEO of MÁV Zrt., Announcing the start of the project.
Hungarians and Chinese thrive together in the Záhony area
The Záhony Logística y Zona Industrial consortium has started its work in accordance with the agreement of ITM and MÁV-Rec Waste Management, Environmental Protection, Trade and Service Ltd. as head of the CELIZ consortium (Central European Logistics and Industrial Zone); The Hungarian and Chinese-owned Kemecse Industrial Park Ltd. was recently registered, providing a unique environment and support for investors, helping to attract foreign companies and develop the Záhony region, ITM wrote in a statement.
According to company data, MÁV-Rec is a joint venture between the state railway company and LAC Holding Zrt., The owner of the latter company is László Horváth, businessman and honorary consul of Kazakhstan.
Kemecse Ipari Park Kft. It has four owners: the local government, the Sino-Hungarian Industrial Development Kft. Of Sino-Hungary, one of the companies of the politician and lawyer of Fidesz Ferenc Papcsák, and the company of another individual, Vivien Jobbágyné Angyal.
The government says it should pass on a curve
The announcement quotes László György, ITM’s Secretary of State for Economic Strategy and Regulation, who said that the coronavirus epidemic has further increased the importance of investment as we have the opportunity to get ahead of the reorganized international competition.
The objective of the cooperation between the Ministry and the consortium is the rehabilitation of the Záhony region, especially the railway border crossing. In addition, a key objective is to attract foreign investors who bring capital and knowledge to the region, thus contributing to the region’s resilience, job creation and retention, ITM said.
Chinese companies can come
As a result of the consortium’s work, Kemecse Ipari Park Kft. Was registered, in which, in addition to the municipality of Kemecse, the Chinese-Hungarian company Kft. Is the majority owner. Thanks to the available area of 100 hectares and its logistics potential, Kemecsei Ipari Park Kft. Provides Chinese companies with an exceptional opportunity, a unique environment and support, opening and paving the way for companies to invest in Hungary, writes ITM in its statement .
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