Business
Taverna to invest Ft 2 bln in dev'mnt
Hotels and catering company Taverna Holding Rt plans to invest Ft 2 billion in developments next year in its hotel chain and restaurants, the company's CEO László Tárnoki announced. The most important improvements include refurbishment of Hotel Liget, Hotel Taverna and Hotel Pilvax in Budapest in 2005. The developments will be financed by loans and the company's own resources. Taverna Holding Rt expects to have Ft 386 million in profit and Ft 4.3 billion in net turnover this year. The hotel chain's occupancy rate increased from 65.8% to 69.9% in a year. (Vg 5) R.G.
