Arany Bika’s owner filed bankruptcy

Civis Hotels Ltd. filed for bankruptcy. The company is safe for a time from FHB’s liquidation procedure.

The management said, that they are discussing with an investor who promed 35 million euros.
In the difficult situation the national crisis of tourism plays a significant part, which makes the own revenue far below the expenditure and the operating loss 38 percent – said Hupuczi László Chief Executive Officer.
They try to overcome the problems by selling some properties and requested protection against bankruptcy at the end of November – reports Magyar Nemzet.