Agriculture, a traditional strength of Hungary, will continue to be a key engine of growth, head of the Prime Minister’s Office Csaba Molnar told an international agrarian forum in Budapest on Monday.
Despite the economic and financial crisis, demand for farm produce remained stable both in Hungary and abroad; what is more, the sector is expected to gain in importance in the medium and the long term, the minister said at the 19th global forum of the International Food and Agribusiness Management Association (IAMA).
Last year Hungary’s agricultural exports amounted to 5.7 billion euros while imports made up 3.8 billion euros, generating a surplus of close to 2 billion euros.
The forum, taking place from June 20 to 23, is attended by about 400 top executives, academics and policy makers specialised in food and agribusiness from 52 countries.
Do these figures add up? How can agriculture be a key engine for economic growth when it only accounts for about 3% GDP?
I would say that the services and industrial sectors seem a better bet.
Simple math: When Orban will be in power, European Union will pour money into Hungarian agriculture. After all European Union is a milkcow and Orban knows how to milk it. If you don’t believe it, then you don’t have faith for future!
I wonder what do we import. We need some tropical stuff, fruit, coffee, tea, coca, spices, and a few other things.
What we don’t need is rotten garlic and poisoned milk powder from China, re-labeled leftovers from various EU countries, etc.