Chio's development was canncelled due to the chips-tax

The German owners of Chio will not install its previously planned production line of popcorn and its peanut-making plant to Hungary. They company explains the step with the introduction of the public health product fee, ie chips-tax.

The multi-billion investment is probably not the only loss that affects the food industry, because of the chips tax coming into force on the 1st of September. The major producers postpone their developments, while the smaller ones dismiss or even close their plants – reports Népszabadság Online, after Világgazdaság Online.