Mortgage registration for the EU-protected Herz brand

The European Union has recently protected “téliszalámi Budapest, with a geographical indication to a protected product.

Herz which has a loan stock of 3.8 billion HUF requested the assistance of CIB Bank to create  its reorganization program. The company and the bank is still negotiating. New clouds are gathering in the relationship of CIB and the firm's because of the mortgages, on the name Budapesti téliszalámi. The decline in the meat markets makes more difficult to finance the meat companies. The 30 billion HUF credit construction, could help the meat companies which is expected to decide within two weeks by the government – reports Figyelő.