NFM: currently Hungary has no payment obligation towards the Portuguese biscuit manufacturer
In the current phase of the arbitration procedure Hungary has not generated any payment obligation towards the Portuguese DanCake biscuit manufacturer – the Ministry of National Development (NFM) told MTI on Friday.
The DanCake on Wednesday told MTI that the first phase of an international arbitration procedure has ended at the International Centre for Settlement of Investment Disputes (ICSID), that was initiated because of a dispute between the company and the Hungarian government. The Portuguese biscuits manufacturer requires a 110 million euros compensation from the Hungarian state. (MTI)
Related news
Spain’s Adam Foods buys Poland biscuit manufacturer Dr. Gerard
A senior Adam Foods executive said the deal was “an…
Read more >The deadline for payment of the damage mitigation contribution is approaching
The Ministry of Agriculture draws farmers’ attention to the fact…
Read more >There are only a few days left to pay the damage mitigation contribution!
The Hungarian State Treasury (Treasury) draws the attention of agricultural…
Read more >Related news
Treasures of Regions – domestic delicacies on the shelves of SPAR
SPAR Hungary helps domestic small producers to enter the market…
Read more >Eco tomatoes are coming again at Lidl
From April 25th and May 2nd, the Hungarian landscape variety,…
Read more >Atmedia presents itself with a completely new image
At the Digital-Media Hungary conference, Hungary’s market-leading multimedia trading house,…
Read more >