• About
  • Privacy & Policy
  • Contact
Friday, November 20, 2020
No Result
View All Result
Magnatic.net
  • Home
  • News
  • Politik
  • Business
  • Sport
  • Lifestyle
  • Digital
  • Familie
  • Gesundheit
  • Auto
  • Kultur
  • Wirtschaft
  • Home
  • News
  • Politik
  • Business
  • Sport
  • Lifestyle
  • Digital
  • Familie
  • Gesundheit
  • Auto
  • Kultur
  • Wirtschaft
No Result
View All Result
Magnatic.net
No Result
View All Result
Home Business

German developer digs Hungarian agro plans | Business| Economy and finance news from a German perspective | DW

28. March 2019
in Business
0
German developer digs Hungarian agro plans | Business| Economy and finance news from a German perspective | DW
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

German developer Fakt plans to invest €1 billion ($1.2 billion) in a horticultural production, processing and logistics center in the municipalities of Hegyeshalom and Bezenye in Hungary.

The project’s sheer size is what stands out, the company says, with the site set to cover an area of 330 hectares (1.27 square miles), making it one of the biggest horticultural centers in the Central European region.

Fakt said it will build a processing and logistics unit, a 30-hectare greenhouse for growing tomatoes, peppers, eggplants and herbs, a 50-hectare outdoor area for the cultivation of asparagus and soft fruit, and a 15-hectare processing center, including warehouses, cooling and freezing facilities to process fruits and vegetables from all over Hungary.

A growing business

Greenhouse horticulture is the process of producing agricultural crops within a structured shelter to provide customized growing conditions. 

In 2018, the global greenhouse horticulture market size was $18 billion (€16 billion) and it is expected to reach $28.7 billion by the end of 2025.

Horticulture is the EU’s fastest growing agricultural sector. European and UK fruit and veg farms grew in output by 15 percent between 2014 and 2015, according to the European Commission’s Agriculture and Rural Development Department.

Read more: What makes tomatoes tasty?

“We’re hoping for it to become one of the landmarks for Europe,” Hungarian Agriculture Minister Istvan Nagy said. “This investment is the biggest and most complex agricultural and food industrial project of the last few decades and is unique in Central Europe.”

By the way, Fakt also plans for the project to have Europe’s largest onshore fish farm with king fish, salmon and other fish species. 

Greenhouse in full bloom

The new center will help plan food production in a more systematic way, Fakt believes

Fakt branches out

Fakt President and CEO Hubert Schulte-Kemper said the company chose western Hungary as it is located in the Budapest-Vienna-Bratislava triangle with excellent connections in all directions.

German cooperation Landgard will market the fruit and vegetables —  “a successful marketing producer cooperative with first-class connections to leading European retail chains,” Schulte-Kemper said. Hungarian construction company Kesz Group and the German energy company E.ON are also involved. 

“The investment will unite the pillars of smart, affordable and sustainable energy,” a board member of the Hungarian unit of E.ON, Zsolt Jamniczky, said in a statement, adding that the project could be a flagship for the whole of Europe.

Hubert Schulte-Kemper & István Nagy

Hubert Schulte-Kemper and Istvan Nagy after the announcement

Very cultivating

Jamniczky said Fakt aims to turn out agricultural and food products “in a modern, sustainable manner,” while creating a livable working environment around the site. The CEO added that the investment would create 5,000 long-term jobs. 

Fakt, whose core sectors are in real estate, municipal infrastructure and capital markets, said a residential area was also planned, with about 1,000 apartments to be built on another 90 hectares, alongside a kindergarten, elementary school and facilities for further education.

The plans foresee a conference center including a hotel, restaurant and a shopping mall. Also, there’s the modern camping area for stationary truck traffic and regular tourism. The investor also plans to cooperate in training, higher education, and research in the region.

Großbritannien - Harrogate Spring Flower Show

How do you like them onions?

Hungarian market a key to Europe

Nagy noted that in 2018, Hungary imported fresh fruit to a value of 83.8 billion forints (€260 million, $305 million) and fresh vegetables worth 75.5 billion forints. He said the Fakt investment was a huge step towards reducing imports, citing as an example the untapped potential for production of tomatoes and cucumbers for both domestic and export consumption.

Hungary has an abundance of geothermal energy and sunlight, although Csongrad county in the southeast bordering Serbia and Romania has been the natural center of domestic horticulture, with a large Dutch presence since the 1980s and the largest geothermal greenhouse complex in Europe.


Credit: Source link

Next Post
Brexit: Welche Optionen May jetzt noch haut

Brexit: Welche Optionen May jetzt noch haut

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recommended

USA: Ex-Wikileaks-Informantin Chelsea Manning im Fall Assange wieder in Haft

USA: Ex-Wikileaks-Informantin Chelsea Manning im Fall Assange wieder in Haft

2 years ago
Höhen und Tiefen: «Rocketman»: Elton Johns Leben auf der großen Leinwand

Höhen und Tiefen: «Rocketman»: Elton Johns Leben auf der großen Leinwand

1 year ago

Popular News

  • Pisang Batu in Indonesien: Schmutzigster Fluss der Welt bekommt endlich Hilfe

    Pisang Batu in Indonesien: Schmutzigster Fluss der Welt bekommt endlich Hilfe

    0 shares
    Share 0 Tweet 0
  • Handball-Nationalmannschaft: Abwehr schwach, Mentalität stark: Arbeit vor Heim-WM

    0 shares
    Share 0 Tweet 0
  • TV-Millionär Erich K. soll wegen Betrug festgenommen worden sein

    0 shares
    Share 0 Tweet 0
  • Apple Watch bekommt EKG: Das müssen Sie wissen

    0 shares
    Share 0 Tweet 0
  • Brexit: Parlament lehnt alle Varianten ab – Chaos um geplanten EU-Austritt

    0 shares
    Share 0 Tweet 0
Magnatic.net

magnatic.net is an online news website that aims to provide news around the world and especially German.

Category

  • Auto
  • Business
  • Digital
  • Familie
  • Genuss
  • Gesundheit
  • Kultur
  • Lifestyle
  • News
  • Politik
  • Reise
  • Sport
  • Wirtschaft
  • Wissen

What’s New?

  • Asyl: Bamf hebt nach Überprüfung rund 1,8 Prozent der Asylbescheide auf
  • Eilmeldung: Festnahme im Fall des getöteten Regierungspräsidenten Lübcke
  • Trainerwechsel: «Neue Ära» für Juve – Sarri kommt vom FC Chelsea nach Turin
  • About
  • Contact
  • Privacy & Policy
  • DATENSCHUTZ
  • Impressum

© 2018 Magnatic.net - All about News by magnatic Inc!.

No Result
View All Result
  • Home
  • News
  • Politik
  • Business
  • Sport
  • Lifestyle
  • Digital
  • Familie
  • Gesundheit
  • Auto
  • Kultur
  • Wirtschaft

© 2018 Magnatic.net - All about News by magnatic Inc!.