February 11th, 2010
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Hungarian gov’t to extend land sale moratorium for foreigners

The cabinet will extend the moratorium banning foreigners from purchasing land in Hungary by three years, to 2014, if it is supported by the EU, Agriculture Minister József Gráf told MTI-Eco on Wednesday.

Gráf said cheap land prices and a need to amend legislation necessitate extending the seven-year moratorium.

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