Hungary can avoid a crisis similar to the one in 2008 thanks to measures taken by the government and the National Bank of Hungary (NBH), as well as the country’s stable banking sector, Radovan Jelasity, the recently elected chairman of the Hungarian Banking Association, said in an interview with MTI.
So far 625 companies have applied for government subsidies for investments that support job preservation during the coronavirus crisis, Peter Szijjártó, the foreign affairs and trade minister, said on Monday.
The government’s 2021 budget bill allocates some 3,000 billion forints (EUR 8.5bn) for a health-care and pandemic defence fund, Finance Minister Mihály Varga said in a video posted on Facebook.
The Employment and Social Affairs Committee is set to delve into alleged breaches of EU law on working time, health and safety of cross-border workers, on Tuesday.
Radovan Jelasity, the chairman-CEO of Erste Bank Hungary, was elected chairman of the Hungarian Banking Association on Friday, the professional body said.
Despite layoffs because of the coronavirus pandemic, state-owned companies are still facing labour shortage issues, daily Magyar Nemzet said.
Hungary’s cash flow-based budget deficit, excluding local councils, reached 727.4 billion forints (EUR 2.1bn) at the end of April, a second reading of data from the finance ministry showed.
Significant infrastructural development started in Debrecen, in Debrecen Regional and Innovation Science Technology Park in Határ Street, which makes a total of 35 hectares of development area suitable for receiving investors, in more phases.
Workers on unpaid leave and the self-employed suspending their business activities may also submit applications to the Debrecen Support Fund and the amount of support has increased as well – announced Mayor László Papp at the event held on 19 May 2020, where two applicants were handed over their support in kind.
More than 8,000 companies have applied for wage support for around 105,000 employees who are working reduced hours under a government scheme to manage the economic fallout of the coronavirus pandemic, Minister of Innovation and Technology László Palkovics said at a daily coronavirus briefing.