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Hungary plans to develop industrial real estate


Hungary plans to develop industrial real estate

June 11, 2009

Hungarian authorities will provide 50 billion forints (€180 million) to build new industrial zones by the end of 2010.

Hungarian Minister of Economy and Development, László Varjú, has claimed that 17 billion forints (€ 61 million) have already been allocated for the construction of industrial parks in 2009. 38.6 billion forints (€ 138.5 million) have been paid out in support Hungarian industrial real estate over the past two years.

Currently there are 206 industrial parks, their total floor area amounts to 12 000 hectares. 3 600 enterprises, which employ 200 000 people are located in these parks, the Budapest Business Journal reports.

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