The Russian embargo caused 1300 billions HUF losses to the Hungarian economy
The Russian embargo has caused approximately 4.5 billion USD (1300 billion HUF) export loss to the Hungarian economy – Budai Gyula Minister of State for Foreign Economic Relations presented on Friday in Budapest at a press conference.
Budai Gyula added that 10 percent of the amount – approximately 450 million USD is the Hungarian agriculture’s and food industry’s loss. He also stressed that the Hungarian companies need the Russian market. (MTI)
Related news
The Hungarian Women’s Union’s ENAG project in the Hungarian-Serbian border region has reached its halfway point
Digital knowledge, practical training and cross-border cooperation: these are the…
Read more >A cooperation agreement was concluded by the Chamber of Agriculture and the University of Agriculture
The National Chamber of Agriculture (NAK) has concluded a cooperation…
Read more >Major trade unions warn of critical situation in Spanish agriculture
Major trade unions warned of the critical situation in Spanish…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >The domestic gin market is on the rise – According to SPAR, customers are increasingly aware and open to Hungarian brands
Gin sales have grown spectacularly in Hungarian retail in recent…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >