Within the framework of the new economic protection action plan introduced by Prime Minister Viktor Orbán last week to help the Hungarian economy during the coronavirus crisis, István Nagy, Minister for Agriculture, has provided information on the future of Hungary’s agricultural sector.
“Firstly, I would like to say thank you to the agricultural community and workers in the food industry for their efforts during these difficult times,” the minister said at today's Operational Group press conference. “Food production is one of the most important pillars of the Hungarian economy,” he stressed.
The minister said the main goal now and for moving forward is to provide sales opportunities so that local governments can reopen markets. “A website has been launched so as many people as possible can take part in seasonal agricultural work,” Nagy said. He also asked, in the spirit of solidarity, commercial units to intensify their cooperation with domestic suppliers in the agricultural and food industries, thus helping to supply the Hungarian population with quality Hungarian goods.
Minister Nagy also announced that loans provided by the ministry will be available to even the smallest farmers; the credit line will be increased to HUF 200 million from the HUF 100 million seen previously, and all credit costs will be taken over by the ministry. He also said that in the sectors most affected the employers will be exempt from paying contributions.
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