Hungary has submitted its strategic plan for the European Union’s reformed common agricultural policy (CAP) to the European Commission, Minister of Agriculture István Nagy said on Thursday.
Â
The strategic plan outlines the system for payment of agricultural support for the period 2023-2027.
Â
“We’re modernising the agriculture and food supply sectors that are the backbone of the rural economy, while preserving the natural values of our created world, allowing for an improved quality of life for people in the countryside, and
Â
providing support to small- and medium-sized farms,”
Â
Nagy said.
Â
Â
A government decision to raise the national co-financing threshold to the maximum 80 percent will make 6,253 billion forints (EUR 16.9bn) in funding available for farming, food industry and rural community developments, he added.
Â
The EC is expected to assess the strategic plan in the coming months and make initial observations early in April. The plan could be approved by the summer.
Read alsoHungarian pálinka’s price to skyrocket soon!
Source: MTI
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Top Hungary news: Three-year minimum wage agreement, Hungary beats Romania in wages, Police in trouble, travel chaos, forint at another record low – 25 November, 2024
Socialists propose fund for preventing violence against women in Hungary
Hungary, Malta sharply oppose re-emergence of blocs in world
Hungary’s parliament approves workers’ credit and short-term rental permits in Budapest
Exclusive scoop! Sex and the City secrets revealed as Candace Bushnell comes Budapest
Hungarian Minister Nagy claims: Wages in Hungary far outshine Romania’s
1 Comment
Once again the begging bowl is out. ‘Can you spare any change please Sir?’.