Varga Cellars to increase sales by one third this year

Weather

Vintner Varga Cellars plans to sell 16 million bottles of wine in Hungary this year, up from 14.6 million in 2016, co-owner Péter Varga says.

Varga Cellars will process 21 million kilos of grapes this year, 30% more than last year, Varga told national news agency MTI. This includes almost two million kg of grapes harvested by the company and about 19 million kg purchased from other vineyards in the country, he added. Varga said the quality of this yearʼs harvest is excellent, although the volume is average.

Varga Cellars owns 200 hectares of vineyards near Badacsony, Balatonaliga and Eger, and operates cellars in Badacsony, Eger and Tokaj-hegyalja. The company had revenue of HUF 4.7 billion in 2016 and has a headcount of 186.

This yearʼs wine is expected to be of excellent quality.

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti... Figures

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

AI may Save Hungarian Healthcare, Says Leading Doctor Science

AI may Save Hungarian Healthcare, Says Leading Doctor

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.