Szijjártó: the government is launching another HUF 6.5 billion support program in Bosnia and Herzegovina
Hungary will launch another HUF 6.5 billion support program in Bosnia-Herzegovina from August 1st, within the framework of which producers can buy Hungarian agricultural equipment, Minister of Foreign Affairs and Trade Péter Szijjártó announced on Wednesday in Banja Luka.
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2023/07/combine-harvester-ge9621d423_640-300x200.jpg)
(Photo: Pixabay)
According to the statement of the Ministry of Foreign Affairs and Trade, the head of the ministry emphasized in the administrative center of the Republika Srpska in Bosnia that Europe is facing the most serious security and economic challenges of the past decades, and that is why the development of further crises should be avoided. “We Hungarians are in a special geographical situation, Ukraine is our neighbor to the east and the Western Balkans to the south. Therefore, if anyone, we understand exactly how important it is to have peace and stability in the Western Balkans,” he warned. “That is why we are giving all the support we can to ensure that you can live in peace and stability in the Western Balkans. We can sum this up in two words: responsible neighborhood policy,” he added, and then stated that this is a result of a continuous dialogue based on mutual respect , as well as economic development. He underlined: Hungary also contributes to this by developing the local economy, which is why the government has announced a support program that is good for both the Bosnian Serb Republic and the Hungarian economy.
Local farmers can buy Hungarian machines
In the first round, HUF 4 billion in support was provided to 768 farmers in order to purchase HUF 6.5 billion worth of Hungarian-made agricultural machines and tools. “This was a successful tender, and it was a good decision to enter. After all, the agriculture of the Republic of Serbia is developing. And the Hungarian machine industry companies have found another very serious export market opportunity,” he pointed out. “Therefore, I am pleased to announce to you that, based on the agreement concluded with the President, the Hungarian government will start a new HUF 6.5 billion subsidy program starting August 1st, within the framework of which local Hungarian agricultural entrepreneurs can purchase tools and machines necessary for agricultural production and crop processing from manufacturers,” he said. “We support each purchase to the extent of 70 percent, we provide support of up to 25,000 euros per purchase,” informed the minister.
MTI
Related news
Talent search in marketing: This is how Signature 40 is made
In the world of Hungary-based marketing, few things can generate…
Read more >At the EU level, the increase in performance of domestic livestock breeding is also outstanding
The performance of the Hungarian pig, poultry and dairy sectors…
Read more >Tenders for small-scale food processing developments have opened
Support applications can now be submitted for the “Support for…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >