ADVERTISEMENT

Richter to expand biotech plant in Hungary

Pharma

Image by Richter.hu

Hungarian drug maker Gedeon Richter is expanding its biotechnology plant in Debrecen through an investment of HUF 15 billion, with the Hungarian government coming in at HUF 5 bln, according to a press release issued today.

Richter expects to create 125 new jobs through the expansion, as well as lift the export potential of the company, the press statement added. Currently the plant employs approximately 200 people. 

The HUF 25 bln plant was opened four years ago, with government aid, and develops and manufactures bio-technologically produced pharmaceutical products, Hungarian news agency MTI reported earlier.

ADVERTISEMENT

Czech economic confidence weakens in October Analysis

Czech economic confidence weakens in October

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.