Industry Hungary

One of Hungary’s oldest companies files for bankruptcy protection

One of Hungary’s most iconic factories, the Tungsram Group, has filed for bankruptcy protection after one of its largest debtors, Eximbank, submitted a bill the company cannot possibly pay in its current condition. “Tungsram acknowledges the bank’s legitimate demands,” the company said in a statement. As Remix News recently reported, Tungsram, established in 1896, has […]
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