The special taxes are threatening the future of the Hungarian food products

The domestic food industry may run into a lack of competitiveness for decades, due to the special taxes imposed on the sector. Over the past three years, the variety of extra taxes increasingly charged the sector, resulting in a total of fifty billion HUF extra costs for the sector – the statement of the National Food Processors Association (ÉFOSZ) shows.

The consumption is declining for years and the growing public investment cuts resulted in the loss of 3,200 jobs and the lack of investments. Because of the decaying capacity, and due to the worsening competitiveness, the ratio of Hungarian products decreased from 90 percent to 65 percent on the domestic store shelves since the EU accession.