More than 214 million euros in European Economic Area (EEA) and Norway Grants will be made available to Hungary under agreements signed with the representatives of donor countries Norway, Iceland and Lichtenstein on Monday, the Ministry of Innovation and Technology said.
The Hungarian Banking Association asks borrowers who aren’t distressed to “think through” participation in a six-month extension of the moratorium on loan repayments introduced in the spring to ease the economic impact of the coronavirus crisis, chief secretary Levente Kovács said on Saturday, responding to a query by MTI.
A combined investment of 5.8 billion forints (EUR 16.3m) by three Swedish-owned multinationals at their bases in Hungary will save 7,500 jobs, Péter Szijjártó, the foreign affairs and trade minister, said on Friday.
Government plans announced on Saturday to halve the local business tax will not help businesses, but will be the “final reckoning” for local councils, the co-leader of opposition party LMP said at an online press conference on Sunday.
A number of opposition parties criticised supplemental measures to the government’s plan to shield the economy from epidemic fallout announced by Prime Minister Viktor Orbán on Saturday.
The government has supplemented the economic protection action plan in the interest of families and businesses, Prime Minister Viktor Orbán said in a video message on his Facebook page on Saturday, outlining four decisions.
Viktor Orbán launches a new economic action plan to protect Hungarian businesses from the difficulties caused by the coronavirus epidemic.
Hungary’s budget deficit, excluding local councils, was 3,298.1 billion forints (EUR 9.3bn) at the end of November, lifted by pandemic spending, the finance ministry confirmed in a detailed release of data.
Economic research institute Kopint-Tárki on Thursday confirmed its earlier projection of 3.5% GDP growth for 2021 and forecasts a 6.6% drop in GDP for the fourth quarter.
Dyntell Hungary is once again among the fastest growing technology companies in Eastern and Central Europe according to the professional ranking of Deloitte, the company reported to MTI on Wednesday.
