The Hungarian Chamber of Commerce and Industry (Magyar Kereskedelmi és Iparkamara, MKIK) has drafted a proposal for the government aimed at retaining Hungary’s exports to Russia, MKIK head László Parragh revealed yesterday. In other news Hungarian government commissioner Gyula Budai is to meet representatives of large supermarket chains of Hungary to discuss the sanctions.
László Parragh, speaking at a session of MKIK’s Hungary-Russia chapter, stated that a proposed package is to contain “technical solutions” to the crisis. Parragh revealed that the Russian embargo not only had a direct negative effect on Hungarian companies but also affected German companies. MKIK also urged the government to take comprehensive diplomatic steps in aid of the activities of Hungarian small and medium enterprises (SME) on Russian market.
Gyula Budai is set to meet supermarket reps on Wednesday, aiming to discuss possible solutions to the Russian embargo. Budai believes that there is a real danger that Polish, Spanish and Dutch produce would flood central and southern Europe, and Hungary must be appropriately prepared for such a situation. Authorities must take measures to protect the Hungarian market, added Budai, saying that the lost Russian markets can be substituted by new business ventures in third world markets. (MTI)
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