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TURNOVER OF HUNGARIAN FISHING COMPANIES CLIMBS TO HUF 18 BN 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.