Chances for Agriculture during the crisis
Although the financial and economic crisis put a big impact on agriculture, according to experts, the crisis also has significant potential in the sector.
For example crediting agriculture is less risky than other sectors, so for the banks, this area is still attractive, and there is a need for funding.
According to Szabó János, agriculture expert of Budapest Bank; last year was effective in agriculture and this year looks also good.
As far as the specific effects of the crisis: the devaluation of the forint has benefited the industry specifically because of the increased export, the forint income also increased while food import became expensive – reports Világgazdaság Online.
Related news
Related news
In Austria, inflation slowed down in June
In accordance with the preliminary estimate, the annual growth of…
Read more >In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >A Hungarian-Serbian border project to help the supply of specialists in the food industry has been launched
With EU support, a Hungarian-Serbian border project supporting the supply…
Read more >