Hungary's frozen baked goods maker Pek-Snack completed a HUF 700mn (EUR 2.6mn) upgrade of its plant in Igal, southwestern Hungary, Budapest Business Journal reported. The last stage of the modernisation was estimated at HUF 220mn and was supported with HUF 133mn in EU funding. Pek-Snack was earlier part of the network of bakery and fast food pastries franchise Fornetti Europa, but their contract was terminated in December 2010. Pek-Snack began distributing its own brands in March 2011. It currently works with 700 franchise partners in Hungary and 500 in Croatia. The company has a payroll of 200. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more