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 […]
A few years ago, the European Union started a biofuel mania thinking it would save the planet. The result of the mandatory blending of biofuels and unreasonably high targets has become evident sooner than expected.
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