Another 86 small businesses to receive grants
GDP seen contracting 5%, budget gap over 4.0% of GDP
To help out tourism and Pest county
Support provided by CEB
FinMin’s in-house GDP indicator indicates major Q2 downturn
MMXH Kft. will open several home improvement stores and build a logistics base in Hungary for HUF 8.2 billion, creating 500 jobs, Finance Minister Mihály Varga announced on Thursday. Varga signed a strategic cooperation agreement with András Simonyi, managing director of MMXH, in order to help restart Hungary’s economy faster.
Businesses, particularly in tourism should expect help
Finance Minister lays cornerstone
Varga assesses past year of MÁP Plus
South will receive too much and CEE region too little according to Varga
To help reboot the economy
Varga addresses fiscal matters too
Pension premium, 13th-month pension to be paid
Varga projects 3.0% recession in 2020, nearly 5.0% growth in 2021
Budget deficit target is not set in stone, either
FinMin makes announcement on social media
Kurzarbeit to cost HUF 60 billion per month
Deficit could also rise higher than the revised target
HUF 55 billion to be collected may be written off later on
State spends HUF 245 billion so far on coronavirus-related protection