Hungary inks deal on Trieste port

The state of Hungary on Friday signed an agreement on establishing a port and logistics base in Trieste to give Hungarian companies easier access to export markets. Hungary has purchased a 32-hectare plot with 300m of seafront for 31 million euros in the framework of a 60-year concession agreement, Peter Szijjarto, the foreign affairs and trade minister, said at a joint press conference with Italian Interior Minister Matteo Salvini. Investments worth close to an additional 100 million euros will be carried out at the site, he added. Traffic passing through the port is expected to reach about 2 million tonnes a year, or 78,000 containers.