Gyulai Meat Ltd: One billion loan with government guarantee

By: trademagazin Date: 2009. 10. 15. 00:03

Gyulai Meat Ltd. got a one billion working capital loan and signed a contract over government guarantee.

– The company got the one billion HUF commercial bank lending for five years. Eighty percent of the amount received a state guarantee – told Ruck János Chief Executive Officer to According to Ruck János, the loss of production has stoppen during the Suimmer and September. Partly because of the forint exchange rate appreciation, partly due to internal savings measures, the period became marginally profitable  – reports

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