Turnover Of Hungarian Fishing Companies Climbs To HUF 18 Billion In 2018

  • 16 Aug 2019 9:16 AM
  • Hungary Matters
Turnover Of Hungarian Fishing Companies Climbs To HUF 18 Billion In 2018
Net revenue of Hungary’s fishing and fish processing companies rose close to HUF 18bn last year from HUF 16.8bn (EUR 51.9m) in 2017, Opten, which compiles company information, said.

Turnover was boosted by the reduction in the VAT rate on fish from 27% to 5% from the start of 2018, Opten noted.

Hungarians consume 5-7kg of fish, per capita, a year, well under the 20-22kg European Union average.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.