Vapiano is profitable in Hungary

In the form of bank loans and capital injections from its major shareholders, the German Vapiano restaurant chain specializing in Italian food specialties has received the financial support of 30 million euros needed to maintain its operations – origo wrote.

According to stock market analysts, the deterioration of the financial situation of the company was mainly caused by the intensifying competition, and the excessively ambitious foreign expansion after the 2017 stock exchange entry. (origo)