According to MAGOSZ; family farmers may go bankrupt

By: trademagazin Date: 2009. 10. 21. 00:06

Many family farmers drifted to the border of financial impossibility and can not even repay their loans – said Jakab István President of Magosz on a press conference in Budapest.

Jakab István said; that the loans, the farmers took up for business development in the time of the Orbán government expires now. Overall, it is around 37 billion HUF of development and working capital loans. According to Magosz datas; loans of around 7-8 billion HUF will be expired by the end of the month and a further 5-7 billion would be repaid until the end of the year – reports

Related news