Coface: The meat industry’s situation is worse than the average

The Hungarian meat industry is facing serious problems, including especially the pig industry, which has a worse than average risk rating in term of credit insurance – shows the fresh analysis of the Coface credit insurer.

The competitiveness of the Hungarian slaughterhouses and meat processors are lagging behind their international competitors. The analysis shows that the solution for the problems of the sector could be the reversed VAT, but the introduction of the reversed VAT was not authorized by the European Union.