ADVERTISEMENT

EU gives Romania, Bulgaria extra year to meet food standards

EU

Bulgaria and Romania, the former communist economies joining the European Union next month, were given a year to improve the quality of their foods, stopping Russian products from reaching the rest of the EU through them.

The European Commission, the 25-nation bloc's executive body, said today that Bulgaria can't export milk and meat products for a year, or until its processors have brought their factories up to the standards of the single market. The commission also said food exporters in the two nations can't ship goods made with ingredients from Russia that don't meet EU quality standards. Poland, an EU member since 2004, has stalled negotiations between the bloc and Russia over a trade agreement because the Russian government has banned imports of Polish meat and some vegetables.

Russia has threatened to extend its restrictions to the entire EU. „The commission's priority is to ensure that after enlargement the food safety and health standards on which EU consumers rely are maintained,” Philip Tod, a spokesman for the commission, told reporters in Brussels. The announcement is „not based on the Russia threat” and the commission is still meeting with Russian officials to resolve the problem, he said. (Bloomberg)

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.