EU supports investment to boost Hungaro Pasta’s capacity
Hungarian noodle maker Hungaro Pasta saw its capacity increased by one-third due to a HUF 217 million investment, owner and managing director Ferenc Szabados told Hungarian news agency MTI.
The Dabas-based company’s project was supported with a HUF 108 mln European Union grant, the owner said, adding that the investment is expected to raise headcount from 22 to 30.
The managing director also foresees the company’s revenue to increase by 30% on exports, while currently exports generate 10% of total turnover.
Hungaro Pasta had revenue of HUF 281 mln in 2014, public records show, according to MTI.
Hungary Aims to Double Geothermal Utilization by 2030
Bulgaria's Household Income, Spending Rise 20% in 2023
Budapest Airport Building on ‘Strong Employer Brand’ and ‘Vi...
Silvanus Hotel Under Reconstruction, Will Reopen in Fall
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.
