Gyermelyi lays cornerstone of HUF 5.5 bln mill
Hungarian noodle maker Gyermelyi laid the cornerstone of a HUF 5.5 billion mill at its base in Gyermely (31 km west of Budapest) on Friday.
Finance Minister Mihaly Varga said the government is supporting the investment with a HUF 1.7 bln grant. He added that the government had supported a now completed HUF 1.6 bln capacity expansion at the company with a HUF 500 million grant.
The grants were awarded in the framework of a program supporting investments at big companies.
This year, the government has earmarked HUF 25 bln for the continuation of the scheme, Varga said.
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.