• Home
• Channel: Current Affairs
• Coronavirus: Hungary’s PM Orbán Pledges Government Help For Economic Players

Coronavirus: Hungary’s PM Orbán Pledges Government Help For Economic Players

• 11 Mar 2020 6:30 AM
• Hungary Matters

Prime Minister Viktor Orbán has pledged government support for economic players that suffer losses due to the new coronavirus.

Speaking at an event organised by the Hungarian Chamber of Commerce and Industry (MKIK), Orbán referred to a new action plan in the making to protect the economy, and asked the chamber to collect and forward by the end of April feedback from economic players concerning which sectors are expected to experience difficulties.

Orbán said that rather than introducing blanket macroeconomic measures, specific sectors such as tourism would need targeted help, and the government is prepared to create the appropriate financial conditions.

The budgets for this year and next will be redrafted to take into consideration additional billions of euros needed for economic stimulation measures, he added.

Solutions must be geared towards ensuring that the economic downturn does not match that of the 2008-2009 economic crisis, he said, adding that Hungary must maintain its growth advantage over the EU.

Orbán said preparations must be made for a global pandemic, adding that “everyone must step out of their comfort zone”.

Photo: Gergely Botár  kormany.hu

Related links

Hungary Allocates Over HUF 8 Billion For Coronavirus Response

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Hungarian Government Economic Players Coronavirus

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Hungary-Serbia Relations 'At Historic Best'

• 7 Mar 2024 6:15 AM

Hungary-Serbia relations are at their historic best, as ethnic Hungarian communities beyond the borders represent a resource in cooperation with neighbouring countries, the foreign minister said.



Láng: Deputy Mayor 'Admits' City Leadership 'Brought Budapest to Bankruptcy'

• 8 Dec 2023 9:48 AM

Ruling Fidesz’s Budapest leader Zsolt Láng has said that the deputy mayor of Budapest had admitted that the city’s leadership had brought Budapest to bankruptcy.



Details Revealed of 3 Key Questions in Next National Consultation Survey in Hungary

• 2 Nov 2023 5:59 AM

The government’s next National Consultation survey will include three questions on economic issues that substantially impact the Hungarian economy and the lives of Hungarian families and address “Brussels’s efforts to force its own will upon us”, the government spokeswoman said.



After Ten-Year Hiatus Cooperation Between Hungary & Armenia Relaunched - New Flight Between Budapest - Yerevan Coming?

• 30 Oct 2023 6:44 AM

Hungary remains committed to rebuilding relations with Armenia, and after a ten-year hiatus the sides are preparing cooperation that serves the interests of both countries, the foreign minister said in Yerevan on Friday.