State assistance to Gyulai Meat Factory

The Ministry of Economic contributes in solving the problems of Gyulai Húskombinát Ltd. – communicated the National Development and Ministry of Economic Affairs (NFGM).

If the commercial bank of the enterprise makes available the necessary credits for the company the Hungarian Development Bank will examine the possibility of the loan guarantees cover of more than eighty percent – states the communiqué of the Ministry. Due to the global economic crisis NFGM is developing customized solutions for companies in order to retain jobs. Gyulai Meat Factory had a 8.5 billion HUF turnover last year, but due to the economy crisis this year, become lossmaking – reports Origo.