The joint venture is expected to be launched with startup capital of €2 mln, while the Russian partner is expected to invest a further EUR 12-15 mln over three years. The two firms plan on raising 1 million geese a year on the farm and producing 500 tons of feathers and down, to generate annual revenue of €20 mln.
According to the ministry, the Russian partner initiated the deal, in seeking Hungarian business’ knowledge.
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