Billions were invested into the meat factory in Pápa
It seems that the government and the local government of Pápa invested billions of forints of public money to rescue the local meat plant in vain. The company was unable to climb out of its unsustainable situation.
The state in the last six years – through various channels – invested a total of almost 11 billion HUF into the company. However, the partial recovery of this amount is highly doubtful, on the basis of the current performance. The company’s the largest creditor the Hungarian Development Bank (MFB) gave nearly 5 billion HUF loans in 2008, in order to save the company from collapse. (hvg.hu, Máriás Leonárd)
Related news
Prices of light and heavy lamb continue to rise
According to European Commission data, the European Union’s imports of…
Read more >It’s hot on the pasture – heat stress research in pastured beef cattle
The summer drought poses serious challenges to livestock producers in…
Read more >From waste to resource: meat industry by-products get new life
By-products from meat processing were long treated as waste, but…
Read more >Related news
Record number of returns: Kifli.hu customers return half a million bottles per month
More than 2.6 million bottles returned in a few months…
Read more >The newest SPAR store in Szombathely opened with an investment of more than one billion
SPAR Hungary has opened its newest supermarket in Szombathely, on…
Read more >Momentán Udvar and Rossmann together again in the Valley of the Arts
Rossmann joined the Momentán Udvar programs at the 34th Valley…
Read more >