Local councils could pump HUF 7 bln into troubled meat companies
The municipal councils of Gyula, Kaposvár and Pápa could put pump a combined HUF 7 billion into troubled meat companies that employed hundreds of locals, daily Magyar Nemzet said on Saturday, citing industry insiders. The paper learnt for local council sources that the amount could be closer to HUF 5.5 billion. Local council employees, who spoke on the condition of anonymity, told the paper Gyula could inject HUF 1.7 billion into the local meat plant, while the plant in Kaposvár would get HUF 2.3 billion and the one in Pápa would get almost HUF 1.5 billion.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.