Hungary has applied for an EUR 1.6mn compensation from the European Union for the losses that local farmers have incurred as a result of the E.coli scare across Europe in May-June, MTI news agency reported, citing Gyorgy Czervan, state secretary in the ministry of rural development. Hungary has requested reimbursement for 4,849 tonnes of fruits and vegetables, which farmers were unable to sell in the period May 26-June 30. In early June the EU decided to compensate farmers with EUR 210mn. The money are to be extended to the producers of cucumbers, tomatoes, lettuce, courgettes and peppers. The amount of the requested compensations is calculated on the base of half of the average price of fruits and vegetables in the 2007-2010 period . In early June, minister of rural development Sandor Fazekas said the Hungarian vegetable producers had incurred losses, equalling dozens of billions of forints, due to the E.coli scare. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more