Government extending wage support through April
Photo by Liptak Robert / Shutterstock.com
Hungary's government is extending wage support for companies hit hardest by pandemic restrictions through April, State Secretary for Employment Policy Sándor Bodó said, according to profitline.hu.
The government offered to cover half of the gross wages of businesses that have been hit hardest as it tightened restrictions and introduced a curfew in November. It also exempted those businesses from payroll tax, effectively subsidizing two-thirds of payroll costs.
The subsidies were available first to companies in the tourism and catering sectors, but were expanded in March to include companies impacted by the closure of non-essential businesses to contain the spread of the coronavirus.
So far, more than HUF 52 billion in subsidies have gone toward preserving 132,000 jobs. Companies may apply for wage support until April 30.
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