Hungary and Budapest Airport may play a leading role in further expanding economic cooperation between China and Central Eastern Europe.

This was the main message at an economic forum held under the sponsorship of the Consulate General of Hungary in Shanghai, with the participation of a series of key players, ranging from the postal services of the two countries, logistics and e-commerce operators to cargo airlines.

Just two weeks after the Beijing Summit, the “One Belt, One Road” concept is being transformed into reality in Shanghai.

The Consulate General of Hungary in Shanghai organised a logistics forum with the participation of high-ranking Hungarian government officials from the Ministry of Foreign Affairs and Trade, and the Ministry of National Development, the latter in charge of transport and logistics, a series of trade companies, and e-commerce enterprises.

Speakers at the forum emphasised the great opportunities for Chinese companies to reach out to the region of Central Eastern Europe through Hungary and Budapest Airport.

The operator of Ferenc Liszt International Airport has been actively seeking contacts with important players in the Shanghai region of China for the past three years.

Budapest Airport has established contacts and stepped into a written cooperation agreement with Ningbo International Airport to enhance trade and commerce between the two regions.

Unlike many airports in the European Union (EU), Budapest Airport has ample room for developing cargo operations, both in runway capacity and airport land available for logistics developments.

Two major logistics bases will be handed over to TNT and DHL Express near Terminal 1 this summer, while preparations have started for building a Cargo City near Terminal 2 for dedicated cargo airline operations.

“We initiated this logistics forum to introduce the opportunities in Hungary and especially at Budapest Airport to large, market leading Chinese logistics companies, like Alibaba. They export lots of cargo to Central and Eastern Europe and we would like to partner them in the regional distribution,” said René Droese, Property Director for Budapest Airport, in charge of cargo development.

He added: “Budapest is simply ideal for the distribution of Chinese cargo in Central and Eastern Europe.”