• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
Coronavirus – Hungarian government spends EUR 1.7bn on prevention so farCoronavirus – Hungarian government spends EUR 1.7bn on prevention so farCoronavirus – Hungarian government spends EUR 1.7bn on prevention so farCoronavirus – Hungarian government spends EUR 1.7bn on prevention so far
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
Daily News Daily News · 12/05/2020
· Business

Coronavirus – Hungarian government spends EUR 1.7bn on prevention so far

Coronavirus in Hungary economy Hungary tax/VAT
Daily News Hungary economy

Up to now, the government has spent a total 600 billion forints (EUR 1.7bn) on preventive measures with regard to the novel coronavirus epidemic, András Tállai, Hungary’s deputy finance minister, told MTI on Tuesday.

On top of health measures, the government is spending “thousands of billions” of forints on economy protection, Tállai said.

The economic measures are aimed to help “150,000 small companies, 60,000 families with small children, several hundred thousand businesses, as well as students and troubled loan holders,” he went on to say.

Concerning the actual measures, he said that

151,000 small companies could benefit from the government’s lifting their itemised tax for four months, and it could help saving some 220,000 jobs, he added.

A reduction in the employers’ tax would leave some 160 billion forints with entrepreneurs, while they would also benefit from measures aimed at reducing their red tape, Tállai said.

Tállai also noted the government’s decision to reintroduce 13th month’s pensions and ensure continued benefits to young mothers.

  • Foreign minister: Companies ready to invest to mitigate virus’s economic impact
Austrian flag
Read alsoAustrian government announces 500 million euros “pub package” to boost economy

Source: MTI

Coronavirus in Hungary economy Hungary tax/VAT
Share
Daily News
Daily News

Related posts

petrol station hungary 95 benzin MOL
13/08/2022

Hundreds of petrol stations are to close next week in Hungary!


Read more
Budapest Airport Wizz Air travel bus
12/08/2022

Wizz Air suspends lots of flights from September!


Read more
Hungary, road, workers, worst
12/08/2022

Roads planned to be revamped in Hungary revealed


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.


Latest news
  • Hundreds of petrol stations are to close next week in Hungary!
  • What happened today in Hungary? – August 12, 2022
  • Sziget Festival by public transport – everything you need to know
  • VIDEO: Foreigners love the cheap drinks at Budapest’s Sziget Festival
  • Hungary to create a non-traditional gas field near Nyékpuszta
  • The 5 best neighborhoods in Budapest for tourists – PHOTOS
  • Inflation in Hungary to be around 20 pc in the coming months!
  • Wizz Air suspends lots of flights from September!

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!