Russian economic relations are changing
There is still a possibility of delivering Hungarian products to the Russian market, but compared to the period before the embargo Hungary should focus on other sectors – Ducsai-Oláh Zsanett, CEO of the Hungarian National Trading House (MNKH) told Magyar Nemzet Online.
It is known that Russia with the the embargo responded to the sanctions imposed by, the European Union. Before the measure, 3 percent of the Hungarian agricultural exports were directed to there. According to the 2013 data of the Central Statistical Office (the last year before the introduction of the embargo), out of Hungary’s Russian agricultural exports of 267 million euros the ban affected around 78 million euros. (mno.hu, Ruzsbaczky Zoltán)
Related news
Hungarian pork foreign trade: dramatic decline in the first five months
While the world’s major pork markets – such as the…
Read more >We can expect a closer economic and tourism partnership with Montenegro
Montenegro is a particularly important partner for Hungary, and the…
Read more >Hungary has been in the EU for 20 years: how has foreign trade changed?
On May 1, 2004, ten new states joined the European…
Read more >Related news
GVH: margin reduction reduced prices, OKSZ disputes the effect
According to the Hungarian Competition Authority (GVH), the margin cap…
Read more >OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The…
Read more >The government has extended the margin freeze
Viktor Orbán announced in the Facebook group Harcosok Klubja that…
Read more >