No more agricultural subsidies for large food producers

Large Czech foodstuffs and drinks producers such as Agrofert, Madeta and Hamé will no longer receive state agricultural subsidies under fiscal reforms just announced by the government, the Czech News Agency reported on Friday, citing the website of the State Agricultural Intervention Fund.

The minister of agriculture, Zdeněk Nekula, said on Thursday that no money whatever would be paid out in subsidies from next year. The government aims to save CZK 10.2 billion by ending such grants.