Intersnack International scraps Hungary investment because of 'hamburger tax'

Food

Netherlands-based Intersnack International is scrapping plans to boost production at its Hungarian unit because of the introduction of a tax on food high in sugar, salt, carbohydrates and caffeine from September 1, regional daily Kisalföld said on Wednesday.

Intersnack International will bring popcorn capacity to France and peanut snacks capacity to either Austria or the Czech Republic, the paper said.

György Somogyi, CEO of Intersnack's Hungarian unit Chio Magyarország, told MTI last October that the parent company planned to add capacity to its base in Győr (NW Hungary), turning it into a production centre for all of Central and Eastern Europe.

The extra capacity would have added 30-45 more jobs at the base where about 200 people work at present, Kisalföld said.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.