Hungarian Govt Working To Minimise Losses Due To Russian Embargo
- 25 Aug 2014 9:00 AM
The government is working to minimise the losses suffered by Hungary’s apple growers due to a Russian ban on imports from Europe, the state secretary of the agriculture ministry told public Kossuth Rádió on Friday. István Nagy said that the government’s efforts were aimed at finding alternative markets and noted that “new ties being developed as part of Hungary’s eastern opening strategy will ease the pressure on the Hungarian market”.
Nagy said that those suppliers to Russia that are not impacted by the embargo may have a shortage in the future, and “provide room for Hungarian products”.
As an example, he mentioned Serbia, and said that negotiations had started concerning new joint ventures to manage transportation issues.
Nagy said that farm ministers of Hungary and Russia will meet in Moscow within the next three weeks to review the situation.
Source www.hungarymatters.hu
Follow that link to sign-up for MTI’s twice-daily newsletter.
LATEST NEWS IN business