Penny Market opens EUR 29 mn logistics base in Hungary

Portfolio
Retail chain Penny Market Hungary has delivered its new logistics centre in Veszprém, western Hungary, on Tuesday. The facility sprawls on 10 hectares (24 acres) and its construction absorbed nearly 9 billion forints (EUR 29.2 mn). The logistics base creates 150 jobs in the region.
The new logistics centre will collaborate in supplying 60 stores and thus it will shorten delivery times. Reflecting the importance of sustainability the facility will also reduce emissions.

Construction works had begun in October 2016 in Sepsiszentgyörgy street in the outskirts of Veszprém.
 

More in Business

gavel
September 17, 2025 10:37

380,000 Hungarian users may be affected by proceedings against major language learning app

Competition watchdog launches probe

new york_getty_stock
September 16, 2025 17:09

USA restores visa waiver programme for Hungary

As of 30 September

koronavírus oltás
September 16, 2025 13:18

New Covid variant is spreading in Hungary - Here are the main symptoms

Number of viral diseases to rise with the start of a new school year

wisdom
September 15, 2025 09:25

Another Chinese carmaker is eyeing Hungary as location for its first European factory

Exclusive Portfolio news straight from Hong Kong

gáz
September 10, 2025 08:14

The European Union may sign a gigantic gas deal with the United States

Decades-long LNG agreements may be on the horizon

rába2
September 08, 2025 15:17

Attention, shareholders! This is what Hungary's 4iG has in store for Rába

Will the machine manufacturer remain on the stock exchange?

LATEST NEWS
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts, spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas

Detailed search