Agriculture had significant year-on-year drop in 2012

Even though agriculture in Slovakia still ended up in the black in 2012, with a recorded profit of €48.7 million before tax, the figure amounts to a year-on-year drop of 33.8 percent compared to 2011’s profits of €73.6 million.

Even though agriculture in Slovakia still ended up in the black in 2012, with a recorded profit of €48.7 million before tax, the figure amounts to a year-on-year drop of 33.8 percent compared to 2011’s profits of €73.6 million.

According to the so-called Green Report drafted by the Agriculture and Rural Development Ministry, 2012 revenues in agriculture decreased year-on-year to €2.099 billion from €2.435 billion in 2011. The sector's expenditures also dropped from €2.361 billion in 2011 to €2.051 billion in 2012, the TASR newswire reported, quoting the report.

“The drop in agricultural profitability can be seen in a significant year-on-year decline of revenues by 23.8 percent, attributable to a decrease in agricultural production due to a rise in costs for crop production, including fruits and vegetables, as well as animal production,” the ministry informed TASR at the end of last week.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How many Slovaks would vote in EP elections?

The turnout was among the lowest in the EU in recent years.

European Parliament, illustrative stock photo

Bratislava will host the first technology festival

Apart from technology novelties, visitors will find the biggest game zone on the Danube embankment.

Six people involved in the surveillance of journalists, Kočner paid thousands

People who followed journalists for Kočner are trying to rid themselves of guilt.

Peter Tóth