SáGa inaugurates Ft 2.5 bln food plant

Pharma

SáGa Foods Zrt inaugurated a Ft 2.5 billion production facility in Sárvár, northwest Hungary on Thursday.

The company has so far invested Ft 15 billion in its operations, creating more than 2,000 jobs, deputy CEO Attila Tullner said at the ceremony. The new plant will employ 112 people to turn out a weekly 160 tons of hotdogs. With the expanded capacity, SáGa aims to boost its domestic sales of hotdogs by 40% within five years. It also aims to increase export sales.
SáGa plans to double its annual turnover by 2010 from Ft 34 billion in 2005, Tullner said.

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.