The food industry is a national strategic sector
We managed to put inflation, which had risen high due to the war and sanctions, onto a downward path, and we aimed for a further strong decrease, said Dr. Márton Nobilis, State Secretary of the Ministry of Agriculture responsible for food industry and trade policy, at the X. Laurel Retail Conference, Wednesday, Budapest.

(Photo: AM)
The state secretary emphasized that in order to reduce inflation, the government first introduced the price cap, followed by mandatory food price promotions as the next measure. In this way, this year’s most important goals are to protect families and to have inflation in single digits by the end of the year. Dr. Márton Nobilis added that independence should also be sought in the development of the food industry. We consider the food industry a national strategic sector. Let’s produce the products at home, and if possible, the processing should also take place locally. We have the skills and opportunities for this – he underlined. The state secretary emphasized that the government wants national champions who supply the Hungarian food market as a leading sector and also produce for export. These companies, if they can continue to grow and develop, will also attract medium and small businesses. The important thing for us is to create competitive, new developments with modern tools – he concluded.
AM
Related news
Gergely Gulyás: margin freeze extended until November 30
The margin freeze will be extended until November 30, the…
Read more >The government has extended the margin freeze
Viktor Orbán announced in the Facebook group Harcosok Klubja that…
Read more >Inflation in Austria accelerated to a more than one-year high in July
Austria’s annual consumer price inflation rose 3.6 percent in July,…
Read more >Related news
Kroger announces corporate layoffs, structural changes
The company said the cuts impact less than 1,000 employees…
Read more >Knuspr Joins Swiss Markant Network
Knuspr, the German-based online supermarket, has become the first pure…
Read more >Margin stop may remain in place after the end of November
As we also reported, the government has extended the margin…
Read more >