Nagy István: agriculture provided more than half of the national economy’s foreign trade surplus in the first half of the year
The Hungarian agricultural economy has undergone spectacular development in recent years, and its productivity and profitability have also increased significantly. Thanks to this, every year it makes a significant contribution to the results of the national economy – Nagy István, Minister of Agriculture told MTI.
The results are also reflected in the latest foreign trade data for the first half of 2019. The head of the ministry estimates that, in the first six months of the year, agricultural exports increased by 11.2 percent to more than 4.7 billion euros, while agricultural imports rose by 6.8 percent to 3 billion euros. As a result, the agricultural trade surplus increased by 20 percent on an annual basis. (MTI)
Related news
New subsidies help develop domestic fish farming and aquaculture
Two new calls for proposals with a total budget of…
Read more >The food industry can further develop with almost 100 billion forints
The first support decisions have been made regarding complex food…
Read more >Is food security in danger? Hungary does not support the Mercosur agreement
István Nagy, Minister of Agriculture, has expressed serious concerns about…
Read more >Related news
Every sip is a new chapter – the BB wine and champagne family is completely renewed and takes the next level
By analyzing and rethinking every stage of winemaking, the Balatonboglár-based…
Read more >NGM: decisions have already been made on the development plans of more than fifty companies in the Demján Sándor Capital Program
Despite pressure from Brussels, the government is doing everything it…
Read more >Budapest among the world’s 50 most innovative cities
Budapest has been named one of the world’s 50 most…
Read more >