Tourism may continue to receive wage subsidy until June says Varga
Gov’t grants support HUF 11.4 bn in developments
Contracts signed with 5 local companies
Travel agencies now also included
Turnaround in crisis could come in May or June next year
Economic Protection Operational Corps approves six proposals
Finance Minister heralds new measures after economic protection meet
Corporate tax rate to be cut to 5%, president says
German companies concur
Government optimism gone
Investments are also to be incentivised
2019 output level could be reached in two to three years
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