Gov't decides to extend repayment moratorium till Aug 31

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Hungary's government has decided to extend a blanket repayment moratorium until August 31, Gergely Gulyás, the head of the Prime Minister's Office, said at a weekly press briefing on Thursday.

"We will extend the repayment moratorium, under the current regulations, until August 31," Gulyás said. "After that, we would also like to see a longer transition period," he added.

The moratorium, introduced in the spring of 2020 to ease economic fallout from the coronavirus crisis, was set to expire at the end of June.

"In the current situation, we see it as a necessary condition for the success of the economic recovery that private individuals and families, as well as businesses, be in a good financial position," Gulyás said.

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