László Bige Acquitted on Charges of Accepting Kickbacks

Manufacturing

László Bige, the owner of Nitroglnművek, Hungary's biggest artificial fertilizer maker, was acquitted on charges of accepting kickbacks by an appellate court in Debrecen on Wednesday, state news wire MTI.

Bige had been charged with taking kickbacks from a trader for the partially unbilled sale of artificially discounted products more than a decade earlier.

In the first instance ruling, the court had found no evidence the trader had accepted any illegal advantage from the defendant and could not prove a kickback.

The appellate court's ruling may not be appealed.

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75% MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Spar Magyarország Revenue Climbs Close to 16% in 2023 Retail

Spar Magyarország Revenue Climbs Close to 16% in 2023

Hungary Launches HUF 15 bln Tourism Sector Support Program Tourism

Hungary Launches HUF 15 bln Tourism Sector Support Program

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.