220,00 utilizing credit moratorium until June 30

Banking

The credit moratorium will help those in need until June 30 this year and will be used by 220,000 retail customers and 3,000 small businesses, said Parliamentary State Secretary András Tállai, of the Ministry of Finance, according to novekedes.hu.

In addition to tax cuts and job creation, the government will provide a targeted two-and-a-half-year repayment moratorium to help troubled bank debtors.

He noted that one of the most significant and most effective Hungarian measures of the coronavirus crisis is unique in the world, as nowhere else have bank debtors in need received such a long-term safety net. 

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.