New Logistics Centre to be Built in the Southern Economic Zone
BHS Trans Kft. is to build its logistics centre in the Southern Economic Zone of Debrecen. The foundation stone of the facility was laid on 17 June 2020.
Adam
Economy
Budget Deficit Reaches HuF 1,051.5 BN at End-May
Hungary’s cash flow-based budget, excluding local councils, ran a deficit of 1,051.5 billion forints (EUR 3.04bn) at the end of May on the back of epidemic response spending, a second reading from the Finance Ministry showed.
Government to Launch Export Protection Programme
The government has decided to launch an export protection programme within its economy protection action plan, using a budget of 25 billion forints (EUR 72.1m), Minister of Foreign Affairs and Trade Péter Szijjártó said.
Achievements of the Platform Assisting Enterprises in Debrecen
We have assisted local enterprises in accessing almost 7 billion HUF support to lessen their difficulties that arose due to the epidemic – said Vice Mayor Lajos Barcsa at the press conference presenting the achievements of the entrepreneurial platform held on 16 June 2020.
Operative Board for protecting economy established
Managing the coronavirus crisis has cost Hungary 1,400 billion forints (EUR 4.04bn) so far, Finance Minister Mihály Varga said in an interview to the Saturday issue of the daily Magyar Nemzet, adding that an operative board in charge of protecting the economy is being set up to streamline regulations that may act as a drag […]
Unified healthcare system advantage in crisis
Hungary’s unified health-care system has proven to be an advantage in a crisis, Gergely Gulyás, the head of the Prime Minister’s Office, said in an interview to public broadcaster Kossuth Rádió. The unified health inventory management under the hospital command system has also proven beneficial, he said.
Government Raises Limit of Business Development Scheme to HuF 100 BN
The government has decided to double the original limit of the “Hungarian High-tech and Green” scheme that supports technology upgrades by SMEs to 100 billion forints (EUR 289.9m) as applications have been received for more than double the 50 billion forints, Finance Minister Mihály Varga said after the meeting of the economic cabinet.
Hungarian Economy Protection Measures Save 1.2 M Jobs
The government’s economy protection measures implemented to counter the effects of the novel coronavirus epidemic have saved 1.2 million jobs in Hungary, Gergely Gulyás, the head of the Prime Minister’s Office, told a regular press briefing.
Business Chamber recommends crackdown on small business tax abusers
The Hungarian Chamber of Industry and Commerce (MKIK) is recommending a number of measures to put a squeeze on unscrupulous companies that are abusing the Itemised Tax for Small Businesses (KATA), daily Magyar Nemzet said.
HuF 50 BN for Public Education Buildings, Schools Sports
Another 50 billion forint (EUR 144m) is available in the coming years for building public education institutions and school sports facilities, Mihály Varga, the finance minister, announced in a video on social media after signing a loan agreement with the Council of Europe Development Bank (CEB).