Hungary scraps plans to buy neighbors’ agricultural land

Reading Time: < 1 minute

Hungary has decided against a plan to expand the country’s ownership of agricultural land in some of its neighbors like Slovakia, through a EUR 400 million fund. The government said the land purchases were designed to support the agricultural activities of ethnic Hungarian minorities in Hungary’s immediate neighbors.

The Hungarian government’s proposal for a private capital fund for arable land had raised hackles in Bratislava. Earlier, after Slovakia’s foreign minister Ivan Korcok had met with his Hungarian counterpart Peter Szijjarto, the Slovak side requested that Hungary only involve Slovak territory in its plans by mutual consensus. Yesterday, Korcok said he had been informed by Szijjarto that the land purchase plan had been scrapped, but that Bratislava is still awaiting more information from Budapest regarding issues like the purchase by Hungary of heritage buildings in Slovakia and other forthcoming programs.

Meanwhile, following a meeting this week between Slovak prime minister Eduard Heger and his Hungarian counterpart Viktor Orban, the two countries have agreed to the construction of four new bridges across the Danube River by the end of 2023, expanding border crossings between Slovakia and Hungary.

Sources: Telex, Slovak Spectator, 444.hu

CET Editor

Recent Posts

Poland to focus on security, regional cooperation during upcoming EU rotating presidency

Polish government representatives outlined the key priorities for its six-month stint holding the presidency of…

6 days ago

Bulgaria, Romania to join Schengen free travel area

Romania and Bulgaria are set to become full members of the Schengen Area on 1…

6 days ago

Slovenia tightens border as EU pledges migration revamp

Slovenia has announced an increase in border controls with Croatia and Hungary, citing national security and escalating concerns over…

6 days ago

Poland leads CEE on media subscriptions – Reuters institute report

Digital news consumption in Central and Eastern Europe (CEE) is transforming, driven by evolving audience…

6 days ago

FDI paints rosier picture for Poland, Romania – OECD report

Central and Eastern European (CEE) countries are still navigating post-pandemic economic challenges amid newer geopolitical…

2 weeks ago

Statistics Austria sees prosperity in decline

Austria's economy has contracted for the sixth quarter in a row, and there has been…

2 weeks ago