ADVERTISEMENT

AmCham welcomes amendments to economic relief action plan

Conferences

The American Chamber of Commerce in Hungary has welcomed the latest announcements from the government on its economic relief program to help businesses survive the coronavirus crisis.

AmCham president Farkas Bársony (left) with chamber CEO Íris Lippi-Nagy. File photo by AmCham.

In a press statement sent to the Budapest Business Journal, the chamber said, “the new measures are in line with AmCham’s proposals, providing businesses with more support and flexibility.”

Since the beginning of the COVID-19 crisis, the chamber says it has been working with the government to help manage the challenging economic situation.

Following regular consultations with AmCham and other business organizations, amendments to the economic relief action plan first announced on April 10 were unveiled on April 20, including a job protection subsidy system.

The chamber says the government has indicated it is open to further improvements, and AmCham pledges it will “continue working with the decision-makers to find the best possible solutions for all parties affected by the pandemic: the people, the businesses and the state.”

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.