Orbán outlines main points of economic action plan


Prime Minister Viktor Orbán on Monday outlined the main points of an economic action plan the government is launching to shield the economy from the fallout of the coronavirus pandemic, Hungarian news agency MTI reports.

Photo by MTI/Prime Ministerʼs Press Office/Zoltán Fleischer

The plan consists of a workplace preservation program under which the state will take over part of the remuneration of employees whose jobs have been impacted by efforts to contain the coronavirus; a HUF 450 billion workplace creation program involving investments; a program to support the sectors hardest hit by the pandemic, such as tourism, catering, and passenger transport; and a HUF 2 trillion corporate financing program that involves interest subsidies and state guarantees.

The plan also includes a family and pensioner protection program that will include the reintroduction of a pensionerʼs bonus equivalent to a full monthʼs pension.

Orbán said Hungaryʼs general government deficit target for this year would be modified from 1% of GDP to 2.7%.

He said the government aims to create as many jobs as have been lost because of the pandemic.


Nearly 18% of Polish firms plan investments in next 3 months... Analysis

Nearly 18% of Polish firms plan investments in next 3 months...

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.