March 19th, 2010

Gov’t to officially apply for extension of land-purchase moratorium

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The government is to officially apply to the European Union for a three-year extension of the moratorium on land purchases by foreigners in Hungary, Government Spokesman Domokos Szollar told MTI on Friday.

Mr Szollar said the government confirmed at last week’s cabinet meeting its intention to officially submit an application to extend the moratorium and has authorised Minister of Agriculture Jozsef Graf to conduct the necessary talks with the relevant ministries and industry organisations. The consultations are scheduled to start on Monday.

The moratorium is set to expire in 2011.

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