Companies avail of pandemic relief to save 44,000 jobs
Photo by Shutterstock.com
So far, 3,000 companies have availed of government measures to shield against the economic fallout from the coronavirus pandemic to preserve 44,000 workplaces, Gergely Gulyás, the head of the Prime Ministerʼs Office said, according to a report by Hungarian news agency MTI.
Image by Shutterstock.com
Gulyás said applications for government support for investments had already exceeded the HUF 50 billion allocation. The government will make a decision on raising the amount earmarked for the subsidies, he added.
The European Commission has allowed Hungary to offer companies up to EUR 800,000 in investment support, as long as that amount is matched by the recipients of the monies, he said.
The government has decided to raise the number of fostered workers, to finance training programs and to increase the number of contract members of the Army to ensure people who have lost their jobs because of the crisis get the chance to continue working, Gulyás said.
In these challenging times, bbj.hu is committed to providing you with up-to-date and accurate information. We will post at least three coronavirus updates each day, including weekends and bank holidays, 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.
Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March
Hungary Condemns Iranian Attack on Israel
Share of 1st Time Home Buyers Climbs
Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...
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.
