Press Release: Commission grants Hungary extension of transitional period for the acquisition of agricultural land

The European Commission has decided to grant Hungary a three-year extension of its transitional period for the acquisition of agricultural land by non-resident EU citizens and all legal entities, following a request by Hungary on 10 September 2010. The Commission has granted this extension on the basis of the information supplied by Hungary which highlights a threat of serious disturbances to the agricultural land market otherwise. The Commission also calls on Hungary to speed up its efforts to complete ongoing agricultural reform and, in particular, make progress on other institutional factors, such as completing restitution programmes.

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