The company was awarded a HUF 323 mln European Union grant for the project. The plant will turn out 8 bln cigarettes and 700-800 tons of lose leaf tobacco a year, said the Hungarian unit’s managing director Géza Bajusz. Cigarette output will account for 12% market share in Europe, he added. Revenue at the plant is set to reach HUF 15 bln a year with one-quarter coming from exports.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
