István Nagy talked about Hungarian sugar factories and food industry subsidies

The Hungarian government, through initiatives announced by Agriculture Minister István Nagy and further elaborated by Tamás Éder at the FoodTechShow, is implementing a comprehensive strategy to bolster the national agriculture and food industry. This includes a five-point package to address the challenges posed by European agriculture dynamics and competition from Ukrainian agricultural products. Measures include tightening imports, increasing diesel tax recoveries, ensuring timely subsidy payments to farmers, and significant financial support for industry revitalization and technological upgrades. With HUF 470 billion already distributed in subsidies and plans for further financial injections, the government aims to enhance the competitiveness of Hungarian food products through quality and processing improvements, backed by a mix of EU aid and domestic funding. The strategy underscores the importance of reversing the historical trend of industry privatization and closures, encouraging private investment in critical areas like sugar production, and upgrading technology across the food sector.