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Gov't to officially apply for extension of land-purchase moratorium

The government is to officially apply to the European Union for a three-year extension of the moratorium on land purchases by foreigners in Hungary, Government Spokesman Domokos Szollár told MTI on Friday.

Szollár said the government confirmed at last week's cabinet meeting its intention to officially submit an application to extend the moratorium and has authorized Minister of Agriculture József Gráf to conduct the necessary talks with the relevant ministries and industry organizations. The consultations are scheduled to start on Monday.

The moratorium is set to expire in 2011. (MTI-Econews)