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Hungary quintuples state funds for animal husbandry

Over 720 million euros for the development of the cattle, poultry and pig sectors

The Hungarian Minister of Agriculture István Nagy announced in recent days that the state funds allocated to animal husbandry have been increased to 260 billion forints (about 722 million euros) from the initial 50 billion forints. The government will therefore reserve for the sector a fund five times greater than that initially envisaged for the development of farms. In the Hajdú-Bihar region 51 companies have already obtained a loan for a total of 20 billion forints (corresponding to approximately 55.5 million euros).

Thanks to the investments, cattle, poultry and pig farms will be developed. This is what Ice reports from Budapest on the Trade Magazin source.

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EFA News - European Food Agency
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