December 20, 2020
1 min read

Hungary to roll out new economic measures

The government will also offer subsidies to businesses that were temporarily shut down due to anti-pandemic measures, said the Prime Minister…reports Asian Lite News

Hungarian Prime Minister Viktor Orban announced new economic relief measures to increase economy activity, as the number confirmed coronavirus cases in the country has topped the 300,000 mark.

“In the interests of families and businesses, the government has decided to add new items to its economic protection action plan,” Xinhua news agency quoted Orban as saying in a Facebook post on Saturday, in which he listed the following decisions.

The first is to extend a moratorium on loan repayments by households and businesses until July 1, 2021, to mitigate the impacts of the pandemic, Orban said.

The government will also offer subsidies to businesses that were temporarily shut down due to anti-pandemic measures, the Prime Minister said.

“They are supported by the government, as in December and January the government will pay two-thirds of the social charges of their employees,” Orban said.

Additionally, local taxes for small and medium-sized enterprises will be halved from January 1, said Orban, who added that the measure is targeted at those in smaller settlements, with less than 25,000 inhabitants.

The government will also offer a special loan and non-refundable grants for families with children or expecting a child to renovate their homes, Orban said.

On Saturday, Hungary registered 4,045 new coronavirus cases, raising the national caseload to 300,022, according to the government’s coronavirus information website.

In the past 24 hours, 189 people have died from the disease, taking the death toll to 7,914 in the country, while 93,323 have recovered so far.

Currently, 7,295 patients are being treated in hospitals, and 538 of them are on ventilators

Also read:UAE, UK Go Eco Way

Previous Story

Nepal PM urges dissolution of House

Next Story

Huge Jump In Loan Write-offs in NDA Era: Report

Latest from EU News

Vatican Hosts Final Rites for Pope Francis

The Argentine-born pontiff, the first from Latin America, died less than a month after returning home from a prolonged five-week hospitalisation for double pneumonia….reports Asian Lite News In an outpouring of global

‘India, EU to negotiate FTA by year-end’

Ackermann highlighted Europe’s sensible and calm approach in times of uncertainty, citing its reaction to recent developments in the United States as an example of its strength and resolve German Ambassador to

Murmu Strengthens EU Outreach in Slovakia

President Droupadi Murmu and President Peter Pellegrini reviewed the full spectrum of India–Slovakia relations and reaffirmed their commitment to expanding cooperation across multiple sectors President Droupadi Murmu held a productive meeting with

EU prepares retaliation for Trump’s tariffs

The European Commission is assembling a fresh round of counter-tariffs aimed at US goods, adding to two existing lists of potential targets—one of which includes products that were hit by suspended tariffs
Go toTop