State Funding for Hungarian Hunting Magazine Exceeds Half a Billion Forints Annually
Nimród Hunting Magazine receives substantial support from state and industry as ownership remains under scrutiny.
Hungary's Nimród Hunting Magazine, primarily funded through state support, receives between 400 to 500 million forints (approximately 1.1 to 1.4 million euros) annually.
The publication, overseen by Zoltán Kovács, the Secretary of State for International Communication and former government commissioner for the Hunting and Nature World Exhibition, operates under the auspices of the National Association of Hungarian Hunters (OMVV), chaired by Deputy Prime Minister Zsolt Semjén. Since its establishment in 2019, the magazine has continued to thrive under the management of the state-owned company, Egy a Természettel Nonprofit Kft., which was initially created to organize the 2021 Hunting and Nature World Exhibition.
Currently, the production costs for Nimród are estimated to range between 800 million and 1 billion forints, with approximately half of that amount derived from public funding.
In addition to state support, the National Chamber of Hungarian Hunters has also provided substantial financial assistance, reportedly amounting to 350 million forints for the year 2023, although this figure is not reflected in the company's financial statements.
The magazine's funding has sparked discussions, particularly regarding its distribution model.
While many hunters may assume the magazine is distributed for free, there has been a significant increase in revenue generated from sales.
In 2022, income from sales was reported to be just 20 million forints, whereas in 2023, this figure surged to 290 million forints.
On inquiries about his salary as editor-in-chief, Zoltán Kovács described his remuneration as a personal matter, despite the absence of any secrecy surrounding it.
His asset declaration revealed that he earns a monthly gross salary reportedly in the range of 500,000 forints in 2022, which has since been classified within a broader bracket of between 1 to 5 million forints in 2023.
The executive director of the publishing company draws an annual gross salary of approximately 21.6 million forints, while the three-member supervisory board collectively receives a gross compensation of 10.2 million forints.
Notably, the company responsible for organizing the hunting exhibition concluded the 2023 financial year with a significant net loss of 749.4 million forints, despite having received a total of 27 billion forints in budgetary support from 2019 to 2023. Furthermore, following a ministerial decision led by Antal Rogán, the registered capital of Egy a Természettel Nonprofit Kft.
was reduced to the legal minimum of 3 million forints.
The publication, overseen by Zoltán Kovács, the Secretary of State for International Communication and former government commissioner for the Hunting and Nature World Exhibition, operates under the auspices of the National Association of Hungarian Hunters (OMVV), chaired by Deputy Prime Minister Zsolt Semjén. Since its establishment in 2019, the magazine has continued to thrive under the management of the state-owned company, Egy a Természettel Nonprofit Kft., which was initially created to organize the 2021 Hunting and Nature World Exhibition.
Currently, the production costs for Nimród are estimated to range between 800 million and 1 billion forints, with approximately half of that amount derived from public funding.
In addition to state support, the National Chamber of Hungarian Hunters has also provided substantial financial assistance, reportedly amounting to 350 million forints for the year 2023, although this figure is not reflected in the company's financial statements.
The magazine's funding has sparked discussions, particularly regarding its distribution model.
While many hunters may assume the magazine is distributed for free, there has been a significant increase in revenue generated from sales.
In 2022, income from sales was reported to be just 20 million forints, whereas in 2023, this figure surged to 290 million forints.
On inquiries about his salary as editor-in-chief, Zoltán Kovács described his remuneration as a personal matter, despite the absence of any secrecy surrounding it.
His asset declaration revealed that he earns a monthly gross salary reportedly in the range of 500,000 forints in 2022, which has since been classified within a broader bracket of between 1 to 5 million forints in 2023.
The executive director of the publishing company draws an annual gross salary of approximately 21.6 million forints, while the three-member supervisory board collectively receives a gross compensation of 10.2 million forints.
Notably, the company responsible for organizing the hunting exhibition concluded the 2023 financial year with a significant net loss of 749.4 million forints, despite having received a total of 27 billion forints in budgetary support from 2019 to 2023. Furthermore, following a ministerial decision led by Antal Rogán, the registered capital of Egy a Természettel Nonprofit Kft.
was reduced to the legal minimum of 3 million forints.
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