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Ajka Kristály managed to save time

Ajka Kristály's creditors agreed that one of the most tarnished companies of the country should be saved from liquidation. 129 of the 132 creditors agreed to the further operation.

The 131-year-old company that had almost HUF 2 billion of debt at the end of August now has to comply with all of its duties, business daily Napi Gazdaság reported. In the last few months the management introduced a couple of measures to enhance effectiveness, it even laid off some of the workers. In the meantime more competitors had to shut down their operations, bringing more orders to Ajka Kristály and even raise the prices.