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Prime Rate opens Ft 1.2 bln printing centre

Printing company Prime Rate opened a new Ft 1.2 billion digital printing centre in Budapest on Wednesday, business daily Napi Gazdaság reported. The center cost Ft 850 million to build, and equipment accounted for the rest of the cost. Prime Rate aims to recoup the building's purchase price in 10-12 years, and the price of the printing equipment in three to four years, co-owner and managing director Peter Tomcsányi said. Prime Rate paid for 40% of the investment with its own resources and 10% with state grants. Bank loans covered the rest.