Image by Shutterstock.com
Novák announced in October the government would cover half of the cost of home renovation, up to HUF 3 million, for families with one or more children from 2021.
Today, she said Hungarians who are covered by social insurance as university students, as well as those who are covered as employees, can meet the coverage requirement. Coverage must be continuous over a period of twelve months, with one 30-day interruption allowed, she added.
She said jobseekersʼ allowances in the past three months will also qualify, acknowledging job losses because of the coronavirus crisis.
The subsidies will be paid on invoices for labor or materials submitted within 60 days after their issue to the Hungarian State Treasury. The Treasury has 30 days to evaluate the invoices, after which time it has five days to transfer the subsidies.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
