Hungarian Billionaires Business – What They Invest In Romania – Source News



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Lőrinc Mészáros and Sándor Csányi are two of the richest businessmen in Hungary and own in Romania the companies Farmland Development, in Marghita (Bihor county), respectively Sole Mizo Romania, an important dairy producer and distributor of sausages made by Pick Szeged from Hungary. mediafax notes.

Lőrinc Mészáros and Sándor Csányi, two of the richest entrepreneurs in Hungary, own the Farmland Development companies in Romania, a farm of about 1,300 hectares in Marghita (Bihor county), respectively Sole Mizo Romania, a major dairy producer and distributor of manufactured sausages. by Pick Szeged from Hungary, with a turnover of 175 million lei last year.

Sole Mizo Romania, part of the Hungarian group Bonafarm, controlled by Sándor Csányi, director of OTP Bank and one of the richest people in Hungary, with a fortune estimated by the Hungarian press at more than one billion euros, entered the local market in 2008. The company has a portfolio of dairy products and sausages and distributes the products in the main cities of the country, with two logistics centers in Timisoara and Bucharest.

The Sole-Mizo Group is one of the largest dairy producers in Hungary, with a turnover of 150 million euros and 1,000 employees, according to the latest data.

The net profit of the Romanian company in 2019 stood at 294,000 lei (more than 60,000 euros), 58% less than the previous year. The result was achieved with the help of 65 employees, according to data from the Ministry of Finance.

Hungarian politician and businessman Lőrinc Mészáros, with a fortune valued at $ 1.3 billion by Forbes magazine and a friend of Hungarian Prime Minister Viktor Orban, made a bet on Romania a year ago when he bought with 8.35 million euros from the company Dutch Farmland Development in Van Den Heerik, according to Hungary’s independent news portal 24.hu.

He bought the farm in Marghita, County Bihor, of about 1,300 hectares, through Talentis Agro Zrt, a group of agricultural and food companies owned by the Mészáros holding.

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Talentis Agro Zrt has a number of agricultural companies and factories that produce food raw materials and consumer goods, according to data on the company’s website.

“During our agricultural activity, we deal with the production of extensive crops and livestock. In addition to the needs of animal husbandry, a significant part of our crop production capacity is used for seed production and food processing. We have bakeries, fruit processing and wine making ”, is shown on the Talentis Agro Zrt website.

In Romania, Farmland Development closed 2019 with a turnover of 650,000 lei, 30% more than the previous year, and a profit of 420,000 lei, 68% more than the previous year, according to the data. public. This has been the best year for the company.

“Despite the epidemic situation and extreme weather conditions, Talentis Agro Zrt., Which belongs to the Mészáros group, is closing successfully this year,” he also writes on the company’s website.

Mészáros is Mészáros Kft was established in 2001 in the construction industry and has become a key market player in the construction industry, according to its website.



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