Government to Cut Top-Up of Payment to Farmers as Part of Savings

Budget support for Hungary's farm sector will drop compared to original plans this year as part of savings decided at a cabinet meeting on February 19.

Hungarian Farm Gate Prices Down 16.5 Pct Yr/Yr in October

Farm gate prices in Hungary fell 16.5 pct yr/yr in October after declining 8.8 pct in September, the Central Statistics Office (KSH) reported on December 15, 2008.


Hungary Fish Market Worth Annual HUF 17bn-19bn

Hungary's fresh fish market is worth an annual HUF 17bn-19bn, of which some 40 pct is generated around the winter holidays, when Hungarians traditionally eat fish, business daily I reported on December 8, 2008. 


Minister Says Rural-Development Programs to Continue in Spite of Financial Crisis

The government intends to continue funding current rural-development programs in spite of the financial and economic crisis, Minister of Agriculture and Rural Development Jozsef Graf said on the evening of December 4, 2008. 


Local Farmers Win Tender to Buy Szendroi Gazdasag Farmland

The National Asset Management Council (NVT) on November 17th 2008 said 17 local farmers have won the tender to purchase together 4,405 hectares of farmland at the Szendroi Gazdasag. 


Government to Require Farmers to Participate in Relief System

The government decided at a cabinet meeting on October 29th 2008 to require farmers to participate in a system set up two years ago to provide relief for weather-related damages, Agriculture Ministry State Secretary Zoltan Gogos said.


Parliament Adopts Law Introducing SPS Agricultural Subsidy System in 2009

Hungary's parliament has adopted a law stipulating the introduction of the Single Payment Scheme (SPS) agricultural subsidy system in the country next year. 


GKI Sees GDP Growth Picking up to 3.0 pct in 2009 – Extended

Hungary's economy will expand 3 pct in 2009, picking up from 2.7 pct GDP growth in 2008.


Agri Energy Withdraws from Hungary Biofuel Market

Australia's Agri Energy is withdrawing from Hungary's biofuel industry because of rising feedstock prices, business daily Napi Gazdasag reported on October 3rd 2008.


Three-Fourths of Hungary's Cereal Crop is of Good or Excellent Quality

Three-fourths of Hungary's 7.9 million-ton cereal crop - including wheat, barley, oats, rye and triticale - is of good or excellent quality, Agriculture Minister Jozsef Graf said on September 4th 2008.


News Monitoring