Increasing competitiveness and promoting generational change are also important goals

(Photo: PIxabay)

He said that the government will continue the program called Renewable Region – Renewable Agriculture, which started in 2020-2021. This is made possible by the fact that the Hungarian government provides an 80 percent national supplement to the EU funds, he said, adding that this means HUF 5,300 billion in funds for the sector. Zsolt Feldman stated that although the budget of the common EU agricultural policy is decreasing, Hungary can use the same amount of resources as in previous years.

The State Secretary emphasized: the government successfully created a balance between domestic economic development goals and the EU’s green expectations

In addition to direct subsidies, HUF 1,500 billion will go to investments in rural development until 2027, HUF 1,000 billion for greening, and HUF 285 billion for classic rural development and knowledge transfer. He emphasized that the latter is also important because of the generational change taking place in Hungarian agricultural enterprises. The government’s primary goal is to encourage young people to stay in production and take family businesses forward, he said.

MTI