Russian ban on agricultural products from the EU already costs Hungary an estimated HUF 70 mln per day. Russia could extend its ban on manufactured goods such as cars and pharmaceutical drugs, which would have a negative effect for Hungary, the Minister said. Sanctions on vehicle-industry imports from the EU could have an indirect impact on the Hungarian economy via Germany, which operates several vehicle-manufacturing units in Hungary, noted Varga.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
