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Hungary’s Budget Deficit Reaches HUF 831.9 Billion In March

Hungary’s Budget Deficit Reaches HUF 831.9 Billion In March

Hungary’s cash flow-based budget deficit, excluding local councils, reached 831.9 billion forints (EUR 2.3bn) at the end of March, the finance ministry confirmed in a detailed release of data.
Coronavirus: Hungarian Opposition Parties Slam Decree Easing Labour Regulations

Coronavirus: Hungarian Opposition Parties Slam Decree Easing Labour Regulations

Opposition parties slammed the easing of labour regulations, saying that the relevant government decree issued on Friday imposed further burdens on workers who are anyway hit hardest by the crisis.
Hungary's Wizz Air Fires 1,000 Staff To Mitigate COVID-19 Financial Impact

Hungary's Wizz Air Fires 1,000 Staff To Mitigate COVID-19 Financial Impact

Discount airline Wizz Air announced a decision to fire 1,000 of its employees, a workforce reduction of 19%, and cut salaries in the wake of the financial impact of the coronavirus pandemic, according to a press release sent to the Budapest Business Journal.
Coronavirus: Hungary To Plough 20% Of GDP Into Protection Efforts

Coronavirus: Hungary To Plough 20% Of GDP Into Protection Efforts

Hungary is ploughing 20% of its GDP into protection efforts against the novel coronavirus, Finance Minister Mihály Varga (pictured on top left) said after a meeting of the financial action group coordinating the financial response to the epidemic.
Coronavirus: Economists Suggest Broad Rescue Spending In Hungary

Coronavirus: Economists Suggest Broad Rescue Spending In Hungary

As the government is already spending hundreds of billions to blunt the impact of the coronavirus outbreak on welfare, financial experts suggest vast spending programmes to rescue Hungary’s human capital.
Coronavirus: Hungary Allocates HUF 9,200 Billion For Economic Protection

Coronavirus: Hungary Allocates HUF 9,200 Billion For Economic Protection

A total of 9,200 billion forints (EUR 25bn) will be available in the years ahead to mitigate the economic effects of novel coronavirus in Hungary, with an emphasis on protecting the labour-based economy, the minister of innovation and technology has said.
Nearly 100,000 Continue Paying Loans In Hungary

Nearly 100,000 Continue Paying Loans In Hungary

Almost 100,000 customers of banks have already indicated that they will continue to repay their loans, writes hvg.hu.
Hungarian Opposition Slams Gov’t Economic Protection Plan

Hungarian Opposition Slams Gov’t Economic Protection Plan

Hungary’s opposition parties slammed the government’s economic protection measures in connection with the novel coronavirus epidemic as “inadequate and weak”.
PM Orbán: Focus On Jobs Replenishment

PM Orbán: Focus On Jobs Replenishment

The government aims to create as many jobs as the number of jobs destroyed by novel coronavirus, Prime Minister Viktor Orbán has said.
Hungary’s Budget Deficit Reaches HUF 831.9 Billion In March

Hungary’s Budget Deficit Reaches HUF 831.9 Billion In March

Hungary’s cash flow-based budget deficit, excluding local councils, reached 831.9 billion forints (EUR 2.3bn) at the end of March, the finance ministry confirmed in a detailed release of data.
Coronavirus: Hungarian Opposition Parties Slam Decree Easing Labour Regulations

Coronavirus: Hungarian Opposition Parties Slam Decree Easing Labour Regulations

Opposition parties slammed the easing of labour regulations, saying that the relevant government decree issued on Friday imposed further burdens on workers who are anyway hit hardest by the crisis.
Hungary's Wizz Air Fires 1,000 Staff To Mitigate COVID-19 Financial Impact

Hungary's Wizz Air Fires 1,000 Staff To Mitigate COVID-19 Financial Impact

Discount airline Wizz Air announced a decision to fire 1,000 of its employees, a workforce reduction of 19%, and cut salaries in the wake of the financial impact of the coronavirus pandemic, according to a press release sent to the Budapest Business Journal.
Coronavirus: Hungary To Plough 20% Of GDP Into Protection Efforts

Coronavirus: Hungary To Plough 20% Of GDP Into Protection Efforts

Hungary is ploughing 20% of its GDP into protection efforts against the novel coronavirus, Finance Minister Mihály Varga (pictured on top left) said after a meeting of the financial action group coordinating the financial response to the epidemic.
Coronavirus: Economists Suggest Broad Rescue Spending In Hungary

Coronavirus: Economists Suggest Broad Rescue Spending In Hungary

As the government is already spending hundreds of billions to blunt the impact of the coronavirus outbreak on welfare, financial experts suggest vast spending programmes to rescue Hungary’s human capital.
Coronavirus: Hungary Allocates HUF 9,200 Billion For Economic Protection

Coronavirus: Hungary Allocates HUF 9,200 Billion For Economic Protection

A total of 9,200 billion forints (EUR 25bn) will be available in the years ahead to mitigate the economic effects of novel coronavirus in Hungary, with an emphasis on protecting the labour-based economy, the minister of innovation and technology has said.
Nearly 100,000 Continue Paying Loans In Hungary

Nearly 100,000 Continue Paying Loans In Hungary

Almost 100,000 customers of banks have already indicated that they will continue to repay their loans, writes hvg.hu.
Hungarian Opposition Slams Gov’t Economic Protection Plan

Hungarian Opposition Slams Gov’t Economic Protection Plan

Hungary’s opposition parties slammed the government’s economic protection measures in connection with the novel coronavirus epidemic as “inadequate and weak”.
PM Orbán: Focus On Jobs Replenishment

PM Orbán: Focus On Jobs Replenishment

The government aims to create as many jobs as the number of jobs destroyed by novel coronavirus, Prime Minister Viktor Orbán has said.