Food industry given HUF 360 bln in EU subsidies
The Hungarian food industry received more than HUF 360 billion in EU subsidies between 2014 and 2020, and the next seven-year development plan for the agricultural ministry will pave the way for further innovation in the sector, said Róbert Zsigó, State Secretary for Food Chain Supervision, portfolio.hu reports.
According to the state secretary, further development in the food industry will see HUF 57 bln from the investment promotion allocation of the Ministry of Foreign Affairs and Foreign Affairs (MoE), HUF 78 bln from the Operational Program for Economic Development and Innovation (GINOP), nearly HUF 200 bln from the Rural Development Program for the development of micro and small enterprises, and non-refundable grants for many other operational programs (which can total up to HUF 300 bln).
Some HUF 34 bln was channeled into the sector from the Large Enterprise Investment Support Program coordinated by the Ministry of Finance.
Zsigó emphasized that the sectoral development plan of the Ministry of Agriculture for 2021-2027 summarizes the most important innovation steps of the next seven years, portfolio.hu added.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
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.
