Palkovics discusses govʼt action plan with business leaders

In Budapest

Endre Véssey

Innovation and Technology Minister László Palkovics held a video conference with business leaders on Monday to discuss preparations for restarting the economy and to effect reactions to the governmentʼs action plan to protect the economy from the fallout from the coronavirus pandemic, state news wire MTI reports.

László Palkovics (Image by Endre Véssey/Ministry for Innovation and Technology)

Palkovics expressed his appreciation for feedback from professional organizations and business associations in the past weeks, noting that many of their recommendations had been included in the governmentʼs action plan, the Innovation and Technology Ministry said in a statement.

The minister said the action plan will not increase Hungaryʼs external vulnerability nor will it exceed thresholds in the 2020 budget, rather fiscal resources will be reallocated to protect businesses and workplaces.

In addition to leaders of the government and the National Bank of Hungary (MNB), representatives of the Hungarian Chamber of Commerce and Industry (MKIK), the National Association of Employers and Industrialists (MGYOSZ), the National Agriculture Chamber (NAK), The National Association of Tourism and Catering Employers (VIMOSZ), the National Association of Businesses and Employers (VOSZ), the American Chamber of Commerce (AmCham) and the German-Hungarian Chamber of Industry and Commerce (DUIHK) participated at the video conference.

The sides will continue to consult on the governmentʼs action plan in the coming days, the Innovation and Technology Ministry said.

Prime Minister Viktor Orbán unveiled the main points of the economic action plan in a televised statement at noon on Monday.

In these challenging times, is committed to providing you with up-to-date and accurate information. We will post at least three coronavirus updates each day, including on weekends, at 10 a.m., noon and 5 p.m., or as close to then as developing events allow. Breaking news and other stories will be added throughout the day Monday-through-Friday.


Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


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.