Hungary ready to join EC’s RescEU program

In Budapest

The Catastrophe Protection Directorate of the Interior Ministry said that Hungary is ready to join the European Commission’s (EC) RescEU program, which offers member states support in exchange for storing strategic medical equipment, according to a report by

The EC decided to establish a strategic stockpile of medical equipment in an effort to assist the fight against the COVID-19 pandemic. The RescEU program is an element of the Union Civil Protection Mechanism.

Member states have to pay 10% of the cost of the stockpile, while the EC covers the rest.

According to the report, the Hungarian government declared its intent to actively participate in the RescEU program yesterday, and has begun setting up a storage facility and stockpiling medical equipment.

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.


European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months


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.