Reduction in VAT may boost fish consumption
The 5 percent VAT reduction of fish meat may boost the Hungarian aquaculture, the production of fishery products and promotes the growth of consumption – Németh István, president of the Hungarian Aquaculture and Fisheries Interprofessional Organization (Mahal) told M1 news channel.
He emphasized that the VAT reduction may reduce fish prices by 15 percent. The biggest problem of the sector is the competitive disadvantage caused by the VAT reduction in the price of pig and poultry meat – he said. Consumers consider the price of fish high, as one kilogram of boneless pork costs the same as a kilogram of live carp – he added. (MTI)
Related news
The volume of lake farm fish production has decreased in Hungary
The volume of fish production in Hungarian pond farms was…
Read more >A diet based on fish can also be dangerous
While fish is an indispensable element of the festive tables…
Read more >Nébih: the State Fisheries Service prevented the planting of invasive fish species
The State Fisheries Service of the National Food Chain Safety…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >