A court decision on the li quidation of troubled poultry company Zalai Baromfifeldolgozó took effect on Thursday, Ferenc Somogyi, CEO of the liquidator company TM-Line told MTI. The owners decided to wind up the company in the middle of April. Based on a preliminary assessment, the company has assets worth close to HUF 1 billion against creditor claims of about HUF 2.5 billion, Somogyi said. The company built a HUF 1.5 billion plant in Pacsa (W Hungary) in 2011 which was opened in February 2012. Construction was supported by more than HUF 600m in investment and employment grants, and debt included nearly HUF 1.2 billion owed to a lender bank according to earlier information. The plant employed 150 people.
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.
