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Gov’t to discuss proposal to extend land purchase moratorium

The government is expected to discuss next week a proposal on the extension of the moratorium on land purchases by foreigners after the document was supported by the majority of the members of the Agriculture and Rural Development Interest Coordination Council (FOVET) at its Wednesday meeting, Agriculture Ministry state secretary Zoltán Gőgös told MTI.

Gőgös added that after the government's approval, the document will be forwarded to the European Union's relevant committees. Agriculture Minister József Gráf earlier said there is a general consensus in Hungary on the need to extend the moratorium, which is set to expire on April 30, 2011, by a further three years.

Hungarian opposition party Fidesz will bar foreigners from buying arable land indefinitely if it wins elections next month, party leader Viktor Orbán said also on Wednesday. (MTI - Econews)