HUF 1.5 billion expansion for Tokaj winemaker

Initiatives

State-owned winemaker Tokaj Kereskedőház laid the cornerstone of a HUF 1.5 billion expansion at its base in Tolcsva yesterday. The 60,000-hectolitre wine store and processing hall is the first phase of a larger development program, said supervisory board chairman András Tombor.

The owner of Tokaj Kereskedőház, the Hungarian National Asset Management Company (MNV), approved in September a HUF 1.5 billion capital raise at the company to serve a full-scale modernization.

Prime Minister's Office State Secretary János Lázár said the government would discuss by the end of November a Tokaj world heritage program that would support developments by the 27 local councils in the region.

The Tokaj wine-growing region is included among the UNESCO World Heritage List.

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