Nagy István: Investment in the agricultural economy has grown significantly in recent years

Last year, Hungarian farmers spent 355 billion forints on development, 11 percent more than in 2017 at unchanged prices – Nagy István, Minister of Agriculture said at a conference on Investment organized by the Világgazdaság Business daily in Budapest on Thursday.

The minister added that the volume of investments increased by 17 percent between 2013 and 2018. Investment growth increased further in the first half of 2019 with a 17.1 percent year-on-year growth at constant prices. The volume of food industry investments continued to grow in 2017 and 2018, following the strong growth in 2016. (MTI)