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Budapest Airport Connects Hungary and China with New Agreements

Budapest Airport Connects Hungary and China with New Agreements

Budapest Airport continues bridging the gap in aviation connectivity between China and Hungary through its most recent airport agreements signed during the Hungarian-Chinese Forum last week. The agreement involves two Chinese airports (Xi’an Xianyang and Zhengzhou Xinzheng International) that further support Budapest Airport’s goal for providing primary logistics and distribution support for China in the Central and Eastern European regions.

Péter Szijjártó, minister of foreign affairs and trade, represented Hungary at the forum and commented on the agreement at the signing ceremony:

“Between two countries ­like these – with quite a distance between them geographically – strong economic cooperation is only possible if they are well-connected, which is why aviation connections, direct flights between Hungary and China, are of key importance. For this reason, we are delighted that a cooperation agreement between the airport of Xi’an and Budapest Liszt Ferenc International Airport is signed, as this agreement may link additional Chinese cities to the network where direct flights are available from Hungary, from Budapest. In addition to economic ties, our connections in tourism can also be developed further. Last year, a record number of 256 thousand Chinese tourists visited Hungary, representing a growth rate of 14 percent.”

Budapest Airport reported that it doubled its weekly capacity in cargo flights between Budapest, Hong Kong and Zhengzhou as a result of support from Hungarian diplomats and trade promotion experts. Additionally, the recent agreement further enhances opportunities to develop freight flows between Chinese locations and Budapest.

“The foundation stone was laid with the direct connection to Zhengzhou, and now it is time to further intensify our cooperation with our new Chinese partners, and thus exploit the enormous potential in the freight business in particular. Zhengzhou, Xi’an and Budapest share a great dynamic of growth, and we are very confident that we can mutually benefit from this cooperation,” said Jost Lammers, the CEO of Budapest Airport.

Prologis Acquires Warehouse Properties in Poland, Hungary

San Francisco, CA – Industrial real estate leasor Prologis Inc. has acquired two major logistics facilities in Poland and Hungary. The properties total more than one million square feet of warehouse space and are 100 percent leased.

The first is a 610,000 square foot warehouse in Gliwice, Poland. The facility is occupied by Tesco, a multinational grocery retailer and repeat customer. The property has immediate access to two trans-European road networks, enabling efficient transportation of goods.

The second is a 404,000 square foot building in Budapest, Hungary, occupied by global retailer, Auchan and is located near the city’s international airport, approximately 20 miles from the city center.

“These properties are excellent additions to our portfolios in Poland and Hungary,” said Ben Bannatyne, managing director, Prologis Central & Eastern Europe. “Both are in key locations along major commercial routes that are growing in importance due to an increase in intra-regional trade in Central and Eastern Europe.”

As of March 31, the company owns and manages approximately 152 million square feet of logistics and distribution space in Europe.

ProLogis leases modern distribution facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises in 21 countries in the Americas, Europe and Asia.


TRACE Expands into Ghana, Hungary and Turkey

Annapolis, MD – TRACE International, the global anti-bribery association, has expanded its worldwide presence with new partnerships announced in Ghana, Hungary, and Turkey.

The latest organizations to partner with TRACE are CommerceGhana, an organization committed to facilitating investment in Ghana; EuCham CEE, a private, non-governmental institution working to enhance the business environment for companies operating in Europe; and the Ethics and Reputation Society, or TEID, a nonprofit organization dedicated to building a robust and ethical business culture in Turkey.

In the past 12 months, TRACE’s global footprint has expanded significantly, with a new on-the-ground presence in Dubai, Manila and New Delhi and new partnerships established with American Chambers of Commerce in Zambia and Libya and the Makati Business Club in the Philippines.

TRACE International is a non-profit membership association that pools resources to provide practical and cost-effective anti-bribery compliance solutions for multinational companies and their commercial intermediaries.

Founded in 2001, the association is one of the world’s leading non-profit organizations dedicated to anti-bribery compliance with hundreds of corporate members and thousands of intermediary members around the world.