Russian sanctions cost Hungary's farmers €80 mln so far


The Russian embargo on food imports from the European Union has cost Hungary’s farm sector €80 mln so far, Rural Development Minister Sándor Fazekas said, according to Hungarian online daily

The minister said there could be secondary damage, too, as food from other member states that export to Russia winds up in the local market. Fazekas, who was the first EU farm minister to hold talks with his Russian counterpart after the embargo was imposed, expressed the hope that the restrictions would be eased. Russia announced in August a one-year ban on food imports from the EU, the United States, Canada, Norway and Australia.


Freight Volume Falls 5% in Q3 Figures

Freight Volume Falls 5% in Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

MOL Campus Inaugurated Office Market

MOL Campus Inaugurated

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


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.