ADVERTISEMENT

HUF 1 bln Chinese-owned noodle plant inaugurated in Hungary

Recycling

Chinese-owned Asiafood will start production at a more than HUF 1 billion noodle plant in Verpelét (NE Hungary) on April 1, a commissioner for the local government told MTI at the plant's inauguration on Thursday.

Asiafood won more than HUF 400 million in European Union and state grant money for the project, said László Horváth.

Headcount at the plant could rise from 70 to 250 by the end of the year, he added.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.