Page 21 - Port of Hamburg Magazine 03.2019

Hamburg has been Austria’s top port in the field of containerized cargo for decades. Continuous invest- ment in such infrastructure projects as the Port Rail- way, but also in terminals, has met good acceptance from customers. The start of the fairway adjustment is also seen as a promising measure for the future. Austria takes fourth place in an EU comparison of GDP per capita and is one of the world’s most prosperous countries. Of relevance for the port industry is the na- tional economy’s unusually high proportion of exports, with stable volumes being handled via the Port of Hamburg for decades now. Forecasts for the Austrian economy for the next few years are very positive.
Its geographical location puts the Austrian market in the sights of ports on the Northern Adriatic. With a high frequency of pre- and post-carriage departures by rail, as well as a large number of direct services by ships, however, Hamburg succeeds in playing a lead- ing role for the Austrian economy. New services to the USA and Asia are being added.
Hungary
Port of Hamburg Representative Office: Budapest Representative: Krisztina Kovács
Assistant: Zsuzsanna Lőrincz
Again sailing via Hamburg, the North Atlantic services of THE Alliance are producing additional volumes for Hungar- ian freight traffic. In 2018 the country’s per capita GDP rose by 4.8 percent to 15,925 US dollars.
The driving force for the Hungarian economy is the auto- mobile industry plus its suppliers. More and more foreign suppliers are setting up in Hungary. Yet for the car indus-
HAMBURG’S MARKETS ■
Port of Hamburg Magazine | September 2019 | 21