Troubled Hungarian dairy company bought by Italian family business

Competition

Troubled Hungarian dairy company Óvártej has been purchased by Italian family business Belcolatte, former head of the company László Tóth told state newswire MTI. MTI Econews earlier reported that Óvertej owes suppliers some HUF 850 million (appr. €2.8 million). The purchase price has not been revealed, but Tóth said the buyer “has brought €3 million into the company” to settle debts and to finance operating conditions. The new owner plans to spend a similar amount on developments at the plant.

Gov't Awards Over HUF 20 bln of Home Solar Panel Subsidies Green Energy

Gov't Awards Over HUF 20 bln of Home Solar Panel Subsidies

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

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

Baranya County Police Bust Phishing Gang Fintech

Baranya County Police Bust Phishing Gang

Spago Budapest Offering Unique Sunday Brunch Experience Food

Spago Budapest Offering Unique Sunday Brunch Experience

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.