Hungarians wary EU wine reforms would wipe out vineyards
Hungarian wine-makers are fighting the European Union's planned wine reform, which could lead to farmers selling off their vineyards en masse, national daily Népszabadság reported on Thursday.
The tabled reform is set to reduce the EU's vineyard land by 400,000 hectares to reduce Europe's wine lake and subsidies linked to it, making the sector more competitive. But Hungarian wine industry representatives fear the price of €8,000 per hectare offered to farmers for digging up vineyards will be too good an offer to refuse, and the area of vineyards could be drastically cut down, the paper said.
Hungarian wine makers are convinced that a wine lobby promoting production in third world countries is behind the move, which, they said, would not result in the desired elimination of surplus wine. Csaba Horváth, General Secretary of the National Council of Mountain Regions, said discussion on the regulations in the EU were in the third round and a compromise could still be hoped. Hungarian farmers and wine-makers agree with the need for reforms but see different means to modernizing the sector in Hungary, Horváth told the paper. (english.mti.hu)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.