Orbán: New consultation survey to be launched on reopening

The action plan developed to protect the Hungarian economy from the fallout of the coronavirus pandemic has succeeded in preserving jobs, its primary goal, Prime Minister Viktor Orbán said on Thursday.

Addressing the annual meeting of the Hungarian Chamber of Commerce and Industry (MKIK), Orbán said the number of jobholders reached pre-pandemic levels in December. The number of jobholders in Hungary bounced back to 4.5 million, Orbán said.

The government introduced a loan moratorium and a wage support scheme to support particularly hard-hit sectors, Orbán said. To bolster vulnerable players, the social contribution tax was scrapped and the business tax slashed by half, he said. The government has also rolled out an investment support scheme, he added.

Further, the cabinet has decided to introduce a new interest-free loan to help SMEs hit hard by the coronavirus pandemic, Orbán said.

SMEs can take out up to 10 million forints (EUR 28,000) in interest-free loan with a ten-year maturity and repayment starts only after three years, he said.