Austrian logistics company Gebruder Weiss to set up new base in Hungary.

By bne IntelliNews May 10, 2010
Austrian logistics company Gebruder Weiss planned to establish a new base in Hungary, board of directors representative Heinz Senger-Weiss announced. The new base would be located in the city of Mosonmagyarovar in the northwestern part of the country in proximity to the borders with Slovakia and Austria. Its purpose would be to support the overall objective for bringing the delivery time from Hungary to Germany under 48 hours The base would provide jobs for 26 people. Senger-Weiss did not provide information on the value of the investment or the schedule for its implementation, but added that the Hungarian unit of the company expected to generate revenue growth in 2010. Revenues of the local branch slumped by 15% y/y to HUF 8.7bn in 2009. Currently, Gebruder Weiss employs 218 workers in Hungary.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss