Commissioner affirms CAP support in talks with Hungaryʼs farm minister

Interview

Image by Pexels

Hungarian Minister of Agriculture István Nagy met with European Commissioner for Agriculture and Rural Development Phil Hogan in Budapest on Monday, discussing infrastructure developments and capacity expansions and reviewing the key points of the EUʼs Common Agricultural Policy (CAP) after 2020.   

At a joint press conference after the meeting, Hogan was cited by national news agency MTI as saying he supports the work of Hungarian farmers, and counts on the backing of Hungarians in efforts to maximixe CAP funding.

Speaking later Monday at an event organized by the Hungarian Chamber of Agriculture, Hogan said that keeping CAP support for farmers at the same levels in 2021-2027 as in the previous seven-year budget cycle would require higher payments into the system. Five net contributors to CAP have still not consented to this, he noted. 

Nagy said at the event that Hungary is prepared to boost its contribution into the EU budget if necessary to keep CAP funding at least at present levels. Cutting CAP funding could raise food prices, reduce variety and hurt quality, he warned, adding that area-based subsidies have to stay.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.