Hungary: The ham, sausage, and salami will not be the same as before

Published 2023년 3월 31일

Tridge summary

The Hungarian government has allocated significant subsidies towards the development and improvement of the meat industry, aiming to boost its economic contribution and increase the sector's competitiveness. The subsidies, amounting to HUF 730 billion since 2014, have been primarily used for meat processing, preservation, and the production of meat products. The government plans to further increase its support, with HUF 750 billion to be allocated for food industry developments under the Rural Development Program for the 2021-2027 support period. The government also intends to amend several regulations related to meat products in the Hungarian Food Code. Additionally, the article discusses the differences in ham preparation and the importance of displaying the real cost of meat products in stores to survive in the Hungarian meat industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The meat industry plays a significant role in the Hungarian economy, and the government also pays special attention to the support and development of the sector - said Márton Nobilis, the Secretary of State responsible for the food industry and trade policy of the Ministry of Agriculture (AM) at the press conference of the Meat Industry Association. He highlighted: the priority goal of the agricultural ministry is to further improve the competitiveness of the food industry. Since 2014, the amount of subsidies allocated to the sector has reached HUF 730 billion, in the area of meat processing, preservation and the production of meat products, this amount exceeds HUF 162 billion. In the 2014-2020 EU budget period, more than HUF 468 billion of domestic and EU funds were allocated to the development of the area. In the current 2021-2027 support period, even more resources can be expected, HUF 750 billion from the Rural Development Program alone will be allocated to food industry ...
Source: Magyarnemzet

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.