Agriculture ministry awards 1,457 food industry firms HUF 6.8 bln

Government

Shutterstock.com

Hungary's agriculture ministry has awarded 1,457 food industry companies HUF 6.8 billion in support to preserve jobs, Minister of Agriculture István Nagy said in Lipót (145 km northwest of Budapest).

Big companies awarded the grants were required to make food donations equivalent to 10% of the support received to people in need, Nagy said. József Péter Tóth, who owns the Lipóti bakery businesses, based in Lipót, said his companies had been awarded HUF 42 million in subsidies and is donating a little more than HUF 4 mln worth of its products to charity.

 

ADVERTISEMENT

Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.