The chronicle of Eger Tobacco Factory

On the great ship

“We, as incontestable market leader, are a profitable, harmonious and effective organization characterized by a family of talented and truly committed people and by our model role as a caring and supportive employer with a superior drive for excellence in product quality and marketing. Our organization is fully recognized by the communities as an outstanding and responsible corporate citizen. ”

Marco Terribilini

Politicians set the date of the Pan-European Picnic to the day when the Austrian border was first opened for East German refugees, while for the lawyers this critical day is actually fixed for 1 January 1989, the anniversary of the day the Company Law came into force. With this legal regulation the Németh government breathed new life into a seemingly extinct law dating from 1875, and which revived the status of owner and entrepreneur. In 1988 - as the saying went - we were poor but we lived well. Not only was the state poor and heavily in debt, but the majority of state companies were in a similar position. The population's savings turned out to be far less than was required to stimulate the huge deadweight state assets which were simply unable to operate efficiently. Thus this provided a direct path to the drafting and passage of Law XXIV of 1988 which made possible foreign investments in Hungary through the creation of the law on the transformation of state companies. We in Eger also made the necessary calculations.

ON THE GREAT SHIP