Russian import ban caused great financial losses
The Russian ban on imports resulted in HUF 1,300 billion worth of loss for the Hungarian economy – informed the Ministry of Foreign Affairs and Trade. Approximately 10 percent of this sum was the export loss of Hungary’s agri-food sector. If the import ban stays in effect until the end of the year, a 0.1-percent GDP loss will occur in Hungary.
Tags: embargó, Oroszország
Related news
The Secretary General of the National Trade Association spoke about the expansion of the Russian Mere in Hungary
Many people were surprised that, according to a news from…
Read more >In Russia, the growth of retail sales accelerated and unemployment decreased in February
In Russia, retail sales growth accelerated on an annual basis…
Read more >Danone ‘to sell off operations in Russia’
Danone is reportedly intending to sell its operations in Russia…
Read more >
More related news >
Related news
The latest issue of Trade magazin is out now!
The digital version is available with more content once again…
Read more >FAO: global food prices increased for the second month in April on a monthly basis
In April, global food prices rose for the second month…
Read more >Beauty care travels at breakneck speed
Beauty care is one of the fastest growing markets in…
Read more >