ADVERTISEMENT

Czomba to negotiate in Dunaferr deal

Conferences

National Economy Minister Mihály Varga, who had been tasked with negotiating in a potential government buyout of ISD Dunaferr steelworks in Dunaújváros, announced yesterday that this position would be filled by Economy Ministry State Secretary for Employment Sándor Czomba. 

Talks with Dunaferr owners began last week in advance of the company’s implementing 1,500 layoffs.

The suggested relief plan for Dunaferr jobs, i.e. a government takeover or “deprivatization” of the plant, got the official go-ahead late last week, with National Economy Minister Mihály Varga contacting ISD Dunaferr CEO Evgeny Tankhilevich to introduce his standing as lead negotiator and inform of the government’s intent to purchase. 

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.