Resolution calls to support the dairy industry
The Hungarian government issued a resolution on measures to support the countryʼs “troubled” dairy industry, Hungarian news agency MTI reported today.
Under the resolution, Hungary’s Minister of Agriculture is mandated to establish a broad strategy for the industry, MTI reported.
The resolution instructs Cabinet Chief János Lázár to devise measures to improve the position of dairy farmers in supermarkets, while the foreign minister has been instructed to review the possibility of putting foreign dairy industry technology to work for local farmers. Hungary’s economy minister has been mandated to reallocate HUF 11.4 bln to the farm ministryʼs budget to “boost dairy producersʼ liquidity”, while the minister of human capacities has been instructed to draft a proposal that requires fresh milk to be served in school cafeterias, MTI said.
The resolution leaves tight deadlines between the middle of March and the middle of April for the mandates, MTI noted.
This comes after, among many other industries, the Hungarian dairy industryʼs call for similar measures being carried out in the pork sector, where the VAT on processed meat was lowered to 5% from 27% as of January 1. Earlier reports suggested the Ministry of Agriculture was considering cutting the VAT for the dairy sector as well.
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.