HUF 100+ Billion Impact Of Covid-19 Crisis On Hungarian State-Owned Companies

  • 14 Oct 2020 8:55 AM
  • Hungary Matters
HUF 100+ Billion Impact Of Covid-19 Crisis On Hungarian State-Owned Companies
The coronavirus crisis will have a direct cost impact of 15 billion forints (EUR 42m), but an indirect impact on profit-and-loss statements of state-owned companies of over 108 billion forints this year.

Andrea Mager, Hungary’s minister in charge of state assets, shared this information with a parliamentary committee on Tuesday.

Mager added that state-owned companies that had to maintain levels of service even amidst sharp drops in demand were hit the hardest by the crisis.

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