Analysis

Hungary strengthens China trade route with new air connections

Marking the first Air Cargo Day, Budapest airport has signed an agreement with China’s Henan Civil Aviation Development Investment and Co, in order to strengthen the Belt and Road Initiative in the field of air cargo.

Henan province is now connected with Budapest with flights operating twice a week.

“Sino-Hungarian relations were never as positive as right now. Direct investment by Chinese firms has reached 4 billion euros, and these enterprises create 15,000 jobs for Hungarians,” said Tamás Menczer, state secretary at Hungary’s ministry of foreign affairs and trade.

“Budapest airport offers the ideal location for transporting goods between Europe and Asia, along the Aviation Silk Road. The cooperation agreement signed with the HNCA is the next big step in intensifying cooperation with our Chinese partners and making Budapest airport the leading cargo hub in Central and Eastern Europe,” added Jost Lammers, the CEO of Budapest airport.