Experts mull steps to ease effect of Russian embargo on farmers

Sights

Experts in Hungary are considering steps that could ease the effect of oversupply on European Union markets because of an import ban on a broad range of farm products by Russia, István Jakab, the head of farm association Magosz, said on Tuesday, according to Hungarian news agency MTI.

The some €400 mln to ease the effect of the embargo on European farmers is expected to be too little, Jakab said. He added that analysts may be underestimating the impact of the import ban on Hungarian farmers. Russian Prime Minister Dmitry Medvedev last week announced a one-year ban on fruit, vegetable, meat, fish, milk and dairy imports from the European Union, the United States, Australia, Canada and Norway.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.